Shiba Inu Price Prediction: SHIB Nosedives 15% Amid The Crypto Crash, But The New Shiba Shootout ICO Rockets Past $500K

The
Shiba
Inu
price
plummeted
15%
in
the
last
24
hours
to
trade
at

$0.00001334
as
of
3.30
a.m.
EST
on
trading
volume
that
skyrocketed
76%
to
$489.9
million.

The
SHIB
price
slumped
as
a
consequence
of
market-wide
bearish
sentiment,
which
pushed
most
cryptos
down.
Bitcoin
tumbled
8%
in
the
last
24
hours
and
12%
in
the
last
seven
days,
plunging
to
$54k
for
the
first
time
since
February.

Apart
from
stablecoins,
all
of
the
10
largest
cryptos
by
market
cap
are
trading
in
the
red,
as
are
the
top
10
largest
meme
coins.

Despite
the
15%
price
drop
in
the
last
day
and
the
23%
price
drop
in
the
last
week,
SHIB
remains
the
second-largest
meme
coin
with
a
market
cap
of
$7.8
billion.

Shiba
Inu
Price
Prediction

Like
with
the
rest
of
the
crypto
market
right
now,
the
SHIB
price
is
being
dragged
down
by
overall
bearish
sentiment.
With
that
being
the
case,
it
is
most
likely
under
Bitcoin’s
influence,
so
its
own
technical
indicators
may
not
accurately
depict
what
will
happen
to
the
token
next.

However,
with
many
of
the
traders
using
technical
indicators
to
make
their
trading
decisions,
it
is
worth
noting
that
SHIB-related
signals
point
toward
further
drops.

For
example,
the
token’s
Bollinger
bands
have
seen
a
sharp
narrowing
in
the
past
few
hours,
although
the
price
remains
halfway
between
the
upper
and
the
lower
band,
which
may
suggest
that
the
selling
pressure
is
slowly
starting
to
weaken,
and
that
the
coin
might
stabilize
soon.

Meanwhile,
SHIB’s
Relative
Strength
Index
(RSI)
value
is
currently
at
40,
about
halfway
between
the
true
neutral
zone
at
50
and
the
start
of
the
oversold
area
at
30.
It
climbed
to
this
value
after
being
deep
in
the
oversold
zone
previously,
meaning
that
some
have
rushed
in
to
buy
the
dip.

The
question
now
is
whether
these
traders
are
going
to
HODL
and
waiting
for
others
to
follow
their
lead
or
if
they
are
simply
waiting
for
the
right
time
to
sell
again
in
the
short
term.

In
terms
of
price,
SHIB
seemingly
found
a
strong
support
at
$0.0000130,
and
for
the
time
being,
it
is
not
showing
signs
that
this
level
will
break.
However,
if
the
bearish
wave
strengthens,
it
is
not
impossible
for
it
to
break.

Alternatively,
SHIB
could
try
to
breach
the
resistance
at
$0.0000140,
and
potentially
recover
to
$0.0000150
if
the
bulls
return
over
the
weekend.

Promising
Alternative
To
SHIB

Right
now,
it
seems
like
it
is
not
yet
time
to
buy
SHIB,
as
the
best
move
would
be
to
wait
for
the
token
to
find
its
bottom.
However,
that
doesn’t
mean
that
you
can’t
do
anything
in
the
meantime.

Some
analysts
say
that
one
of
the
most
attractive
and
promising
alternatives
to
Shiba
Inu
right
now
is
a
similar
new
meme
coin
called

Shiba
Shootout
(SHIBASHOOT).

Saddle
up!

#ShibaShootout
is
more
than
a

#memecoin
it’s
a
Wild
West
crypto
adventure!
????????

Join
Marshal
Shiba
&
the
Sharpshooters
in
Shiba
Gulch
for
fun
and
excitement.
????????

pic.twitter.com/a3BFVx7u42

—
shibashootout
(@shibashootout)

July
1,
2024

SHIBASHOOT
is
a
newly
launched
presale
that
went
live
only
three
days
ago.
It
quickly
attracted
attention,
and
its
ICO
has
already
raised
more
than
$530k

The
project
has
a
wild
west
design,
combining
the
popular
period
from
American
history
with
the
crypto
frontier.

It
offers
staking,
which
is
available
as
soon
as
you
invest,
and
its
token
will
seemingly
launch
on
both
Ethereum
and
BNB
Smart
Chain,
given
that
the

Shiba
Shootout
Wiki
says
that
the
token
type
will
be
ERC-20
and
BEP-20.

Shiba
Shootout
already
caught
the
eye
of
crypto
experts
such
as
the
crypto
YouTuber
Jacob
Crypto
Bury,
who
has
over
41k
subscribers.
The
expert
speculated
about
SHIBASHOOT
having
10x
potential
after
launch,
as
well
as
the
chance
for
it
to
become
the
next
Shiba
Inu.

The
SHIBASHOOT
token
is
selling
for
$0.0195,
and
you
can
buy
it
with
ETH,
USDT,
BNB,
or
credit/debit
cards.
A
price
hike
is
coming
in
less
than
nine
days
so
don’t
wait
too
long
if
you
are
interested
to
buy
the
project.

Buy
SHIBASHOOT
tokens
on
the
official
website
here.

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