Shiba

Propel

Shiba Inu

Nexo

Coin

Shiba Inu price prediction: SHIB, a popular meme coin, has recently seen a significant uptick in market performance, showcasing a robust surge rally over the past 24 hours. The meme-based <a href="https://coingape.com/price/shiba-inu/">Shiba Inu Coin price</a> breached the resistance level of $0.000028, signifying a strong bullish trend amid market volatility.&nbsp; 
<h2 id="strong-shiba-inu-coin-price-prediction-anticipating-the-next-resistance-breakthrough-strong">Shiba Inu Coin Price Prediction: Anticipating the Next Resistance Breakthrough</h2> 
In the past few hours, Shiba Inu has displayed a significant fluctuation in its market value. After a noticeable dip to $0.0000274, the cryptocurrency saw a sharp increase, peaking at $0.0000294. However, this rally was short-lived, as the price corrected slightly, settling at $0.00002855.&nbsp; 
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 <img decoding="async" class="size-full wp-image-190438" src="https://coingape.com/wp-content/uploads/2024/04/Shiba-Inu-Coin-Price-Prediction-e1712593606627.png" alt="Shiba Inu Coin Price Prediction: Will Nexo Listing Propel SHIB To $0.0001 In April?" width="1200" height="554">
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 Shiba Inu Coin Price Prediction:
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Despite this volatility, the trading volume surged by 31.59%, indicating a heightened trader interest, which totaled an impressive $752.92 million in trades over the last 24 hours. 
The market capitalization of Shiba Inu experienced a slight decline of 0.68%, bringing it to approximately $16.82B, maintaining its position at 12 in market rankings. The circulating supply of SHIB remains at a vast 589.29 trillion coins, matched closely by its total supply. 
Investors and enthusiasts of the meme-based cryptocurrency remain watchful as these rapid changes unfold, reflecting the dynamic and often unpredictable nature of the cryptocurrency market. 
Over the past week, <a href="https://coingape.com/price-predictions/shiba-inu-shib-price-prediction/">SHIB</a> witnessed a slight increase, with its value surging by more than 2%, trading in the range of $0.000028-$0.000025. Over the past month, the meme coin has experienced a downtrend of 19% after a market pullback of $0.000035, indicating a descending trend. However, with the latest surge, it’s evident that market sentiments could be shifting towards a more bullish outlook, suggesting a potential reversal from the recent bearish trend.&nbsp; 
<h2 id="strong-nexo-s-strategic-listing-a-boon-for-shiba-inu-coin-holders-strong">Nexo’s Strategic Listing: A Boon for Shiba Inu Coin Holders</h2> 
Shiba Inu Coin has achieved a significant breakthrough by being listed on Nexo, a premier international cryptocurrency exchange. This addition provides Nexo users with a wide array of new features for managing their SHIB assets.&nbsp; 
Now, investors can easily buy SHIB using their debit or credit cards, eliminating complex transfer procedures. Moreover, <a rel="nofollow" href="https://nexo.com/">Nexo</a> introduces a novel option for leveraging SHIB as collateral to borrow different cryptocurrencies, offering greater financial flexibility. 
<a href="https://coingape.com/markets/shiba-inu-coin-price-analysis-as-shib-burn-surges-will-it-reach-0-01-amidst-bull-run/">Shiba Inu Coin</a> is encountering a crucial resistance point at $0.000029. Surpassing this level could lead its value to climb towards $0.00005, potentially paving the way for an ascent to the elusive $0.001 mark. 
Conversely, a slide could revert its price to a support figure of $0.000025. If the market sentiment shifts to a more negative outlook, SHIB might retreat to $0.00002 or, worse, drop below $0.000009, signifying a tough period ahead. 
<figure id="attachment_190437" aria-describedby="caption-attachment-190437" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-190437" src="https://coingape.com/wp-content/uploads/2024/04/SHIBUSD_2024-04-08_19-11-28.png" alt="Shiba Inu Coin Price Prediction: Will Nexo Listing Propel SHIB To $0.0001 In April?" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/04/SHIBUSD_2024-04-08_19-11-28.png 1154w, https://coingape.com/wp-content/uploads/2024/04/SHIBUSD_2024-04-08_19-11-28-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/04/SHIBUSD_2024-04-08_19-11-28-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/04/SHIBUSD_2024-04-08_19-11-28-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
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 Shiba Inu Coin Price Prediction| Source: <a rel="nofollow" href="https://www.tradingview.com/x/7TqGQWYC/">Tradingview</a>
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The daily technical analysis indicates an optimistic future for SHIB. The Relative Strength Index (RSI) currently stands at a neutral 53, edging closer to an overbought situation. The Average Directional Index (ADX) is recorded at 23.54, emphasizing the current trend’s robustness. 
The post <a href="https://coingape.com/markets/shiba-inu-coin-price-prediction-will-nexo-listing-propel-shib-to-0-0001-in-april/">SHIB Price Analysis: Will Nexo Listing Propel SHIB To $0.0001 In April?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

SHIB Price Analysis: Will Nexo Listing Propel SHIB To $0.0001 In April?

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