Shiba

2024

April

Shiba Inu

Global digital currency exchange, Changelly has forecasted a bullish outlook for doggy-themed meme coin, <a href="https://bitcoinist.com/robinhood-shiba-inu-shib/">Shiba Inu</a>, predicting a surge to <a href="https://bitcoinist.com/shiba-inu-to-make-miracle-recovery-to-new-ath/">new all-time highs</a> followed by subsequent bearish movements.&nbsp; 
<h2 id="shib-expected-to-reach-new-ath-in-may">SHIB Expected To Reach New ATH In May</h2> 
On Wednesday, April 24, Changelly <a href="https://changelly.com/blog/shiba-inu-price-prediction/" rel="nofollow noopener" target="_blank">shared</a> a <a href="https://bitcoinist.com/shiba-inu-shib-price-supercycle/">price forecast for Shiba Inu</a>, predicting the future value of the cryptocurrency from May 2024 to the end of 2024. Following its rise to record highs of about $0.00004, <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-price-breaks-2-month-downtrend/" rel="nofollow noopener" target="_blank">Shiba Inu plummeted </a>significantly, dropping by approximately 14.06%, according to CoinMarketCap. 
Analysts from Changelly have <a href="https://bitcoinist.com/shiba-inu-rival-earn-shib-whale-support-shib-price-prediction/">predicted</a> that a potential price surge to new all-time highs is likely to occur in Shiba Inu next month. They expect the value of the cryptocurrency to steadily increase to an average price of $0.000312 in April before witnessing an exponential surge to a maximum value of $0.000087 by May.&nbsp; 
Changelly has projected that the average and minimum price for <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-sell-pressure-price/" rel="nofollow noopener" target="_blank">Shiba Inu</a> in May will be around $0.000034 and $0.0000061, respectively. According to the analysts, Shiba Inu has been displaying strong price fundamentals in the last few days, surging upwards by about 22.22%.&nbsp; 
The cryptocurrency had witnessed a sharp drop earlier in March, triggered by the <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-burn-rate-81-decrease/" rel="nofollow noopener" target="_blank">diminishing interest and demand</a> for meme coins within the crypto space. Changelly has predicted that Shiba Inu could rise by 11.97% by April 26, 2024. 
At the time of writing, the cryptocurrency is trading at $0.000025, <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-shib-price-recover/" rel="nofollow noopener" target="_blank">reflecting an increase</a> of 1.35% in the past 24 hours and 12.58% over the past seven days, according to CoinMarketCap. Changelly has boldly suggested that if Shiba Inu can succeed in breaking<a href="https://www.newsbtc.com/shiba-inu/shiba-inu-shib-golden-ratio/" rel="nofollow noopener" target="_blank"> bearish trends</a> to witness a price surge to predicted levels, it could become a “solid asset” within the dynamic cryptocurrency space.&nbsp; 
<h2 id="price-set-to-go-downhill-after-bullish-surge">Price Set To Go Downhill After Bullish Surge</h2> 
Following its <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-records-2500-spike-in-whale-activity-shib-price-about-to-skyrocket/" rel="nofollow noopener" target="_blank">bullish price forecast</a> of Shiba Inu in May, Changelly has projected that the cryptocurrency may enter bearish territory due to price fluctuations. Analysts from the crypto exchange anticipate a downtrend in June of about $0.00005 on average, with a minimum and maximum value of $0.000024 and $0.000075, respectively.&nbsp; 
By July 2024, Shiba Inu is expected to decline further, trading at an average price of $0.000025. Towards the end of the year, from August to October, the <a href="https://www.newsbtc.com/news/shiba-inu-price-prediction-can-meme-coin-hit-0-001-this-year-investor-makes-daring-call/" rel="nofollow noopener" target="_blank">price of Shiba Inu is projected to surge</a>, trading around a maximum peak value of above $0.00008.&nbsp; 
Despite the bullish outlook during this period, Changelly has also disclosed that the cryptocurrency may witness a crippling slump in December. The <a href="https://www.newsbtc.com/news/shiba-inu-shib-slumps-as-whale-sell-off-dampens-momentum-details/" rel="nofollow noopener" target="_blank">price of Shiba Inu</a> could record new lows, dropping to $0.000014 on average, with a minimum and maximum trading value of $0.000014 and $0.000013, respectively. 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/MvxNuTaC/" alt="Shiba Inu price chart from Tradingview.com" width="3286" height="1530">

Crypto Exchange Predicts That Shiba Inu Will Reach $0.00008 In May, New ATH Loading?

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