Shiba Inu Price Prediction: SHIB Soars 23% As Market Panic Eases And The SHIBASHOOT ICO Rockets Towards $1 Million

The
Shiba
Inu
price
surged
23%
in
the
last
24
hours


to
trade
at
$0.00001383

as
of
03:20
a.m.
EST
on
trading
volume
that
soared
19%
to
$775
million.

The
SHIB
bounce
comes
as
the
crypto
market
rebounds
from
a
market
crash
that
was
triggered
by
interest
rate
concerns,
worries
over
a
recession
in
the
US,
and
rising
geopolitical
tensions
centered
on
the
Middle
East.

But
that
seems
largely
forgotten
today
as
the
meme
coin
sector’s
market
cap
soars
15%
to
$37
billion.

Shiba
Inu
Price
On
A
Sustained
Bullish
Trend
Reversal

The
recent
market
decline
saw
the
Shiba
Inu
price
shed
31%
from
the
beginning
of
August
to
as
low
as
$0.0000113
yesterday,
according
to
data
from


GeckoTerminal.
SHIB
has
been
dropping
within
the
falling
channel
pattern.

Despite
the
recent
drop
below
the
channel,
the
price
of
Shiba
Inu
has
rebounded
from
below
the
lower
boundary
of
the
channel
to
trade
slightly
above
the
upper
boundary.

The
surge
has
now
pushed
SHIB
above
the
50-day
Simple
Moving
Average
(SMA)
level
at
$0.00001307,
confirming
the
bullish
stance
in
the
short
term.
If
this
momentum
continues,
the
Shiba
Inu
Price
will
eventually
surpass
the
200-day
SMA,
which
acts
as
the
immediate
resistance
level
at
$0.00001513.

Moreover,
the
Relative
Strength
Index
(RSI)
is
trading
upwards
towards
the
70-overbought
region,
currently
at
61,
an
indication
that
buyers
have
the
upper
hand.

The
Moving
Average
Convergence
Divergence
(MACD)
also
shows
that
the
token
is
currently
in
a
sustained
bullish
trend,
as
the
MACD
now
soars
past
the
neutral
line.
The
blue
MACD
line
is
also
crossing
above
the
neutral
line,
representing
a
bullish
crossover.

A
bullish
crossover,
with
the
green
bars
on
the
histogram
rising
above
the
neutral
line,
indicates
that
SHIB
is
currently
in
positive
momentum.

Shiba
Inu
Price
Prediction

According
to
the
Shiba
Inu
price
analysis
on
the
1-hour,
SHIB
is
currently
on
strong
momentum
to
the
upside.
The
Shiba
Inu
price
has
finally
surpassed
the
upper
boundary
of
the
falling
channel,
signaling
the
start
of
a
bullish
stance
to
the
upside.

If
the
bulls
keep
pushing
the
token
up,
they
could
push
the
tokens,
as
they
target
$0.00001712.

However,
if
the
bears
take
control
of
the
price
at
this
level,
Shiba
Inu
could
retest
the
previous
support
zone
at
$0.0000113.

As
the
SHIB
price
surges,
so
investors
are
pumping
funds
into
a
Shiba
Inu
alternative
called


Shiba
Shootout
(SHIBASHOOT),
which
has
amassed
over
$881K
in
its
presale.

According
to
the
crypto
channel
99Bitcoins,
with
more
than
706k
subscribers,
investors
who
buy
$SHIBASHOOT
can
earn
“insane
rewards.“

Shiba
Shootout
Presale
Blasts
Past
$881K

Shiba
Shootout
is
a
unique
meme
coin
project
that
transports
its
community
to
a
Wild
West-inspired
digital
frontier.

The
project
goes
beyond
the
conventional
limits
of
meme
coins,
taking
the
holder
on
a
captivating
adventure
filled
with
creativity,
strategic
gameplay,
and
the
allure
of
a
cowboy’s
high-stakes
showdown.

Master

#Crypto
strategy
with

#Shiba
cowboys
in
thrilling
duels
for
big
rewards!
????
Join
the
adventure!

Sign
up
now
to
get
your
free
$SHIBASHOOT
tokens!

Jump
in
the
fun!
????

https://t.co/jCeu7XMBqR

pic.twitter.com/YjlGaaluBT

—
shibashootout
(@shibashootout)

June
28,
2024

The
game
is
built
around
the
town
of
Shiba
Gulch,
a
bustling
digital
settlement
that
is
a
favorite
with
Shiba
lovers
who
come
together
to
challenge
each
other.

This
all
comes
together
in
a
play-to-earn
(P2E)
game
that’s
available
on
Google
Play
?Store
and
the
Apple
App
Store,
though
a
big
upgrade
is
coming
that
will
allow
players
to
earn
$SHIBASHOOT
tokens
as
rewards.

Apart
from
P2E
crypto
gaming
in
Shiba
Gulch,
$SHIBASHOOT
holders
can
also
easily
earn
passively
through


the
platform’s
staking
mechanism,

which
offers
a
stunning
1,090%
in
annual
rewards.

Step
1:
How
to
become
a
millionaire
????????
Step
2:
Buy
$SHIBASHOOT
????????#Shibashoot

#Shibashootout

#Memecoins

#Crypto

pic.twitter.com/C1SSZU2WKJ

—
shibashootout
(@shibashootout)

August
1,
2024

If
you
are
interested
to
participate
in
the
presale,
you
can
buy
the
token
for
$0.0198
right
now.
But
don’t
wait
too
long
as
the
price
will
increase
in
a
little
less
than
seven
days.

You
can
buy
SHIBASHOOT
tokens
on
the
official
website
here

using
ETH,
BNB,
USDT,
or
a
bank
card.

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