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Shiba Inu Price Prediction , Can SHIB Crypto currency Reach $ 0.01?

Investors in Shiba Inu (SHIB-USD) certainly have plenty to be excited about. Crypto valuations are pumping higher again, leading to heightened expectations around Shiba Inu price predictions moving forward.

 

he second most polar meme coin in the market Shiba Inu is up 2.7% in 24 hours to trade at $0.00001085 at the time of writing on Saturday. This bullish outlook may be attributed to fresh interest among investors surrounding testnet 'Puppynet' and the anticipated Shibarium launch.

 

Despite the intense selling pressure altcoins experienced in March, SHIB held firmly to support at $0.00001—and now bulls are concentrating on the seller congestion at $0.000011, which must come out of the way to trigger more liquidity as the token recovers to $0.00001575, February’s high.

 

Can Shiba Inu Price Reach $ 0.01?

At the time of writing, Shiba Inu price is trading at $0.00001085 while holding onto a confluence support formed by the 100-day Exponential Moving Average (EMA) (line in blue) at $0.00001072 and the dotted descending trendline.

 

A break above $0.000011 coupled with the expected boost from testnet Puppynet’s increasing protocol activity may catalyze another significant trend reversal, as bulls look forward to $0.00001575.

 

Shiba Inu price may not reach $1 in 2023 but could ‘eat’ two more zeros to trade at $0.001 by December bolstered by the launch of Shibarium and the token burn program.

 

Is it a good idea to stock up on the Shiba Inu ?

 

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Uploaded on April 2, 2023