Shiba Inu Price Prediction: SHIB Plunges 3% on 4th Anniversary, Traders Turn to This Shiba Inu 2.0 for Potential 100x Profits

The Shiba Inu price has fallen 3% in the last 24 hours. Trading at $0.00001581 As of 3:18 a.m. ET, trading volume was up 34% to $230 million.

This comes despite the fact that a number of important indicators for the Shiba Inu have improved since the recent price decline. Into the blockIf Shiba Inu’s 7-day trading volume exceeds $100,000, the trading volume increases to $142.99 million.

With key indicators pointing to a change in market sentiment and Shiba turning 4 today, can the Shiba recover from its negative pattern?

Shiba Inu Price Rebound Possible

According to data, the Shiba Inu price surged from the support level of $0.00001577 on July 8 to the resistance level of $0.00001971. Gecko Terminal.

However, the bullish momentum was not sustained as the Shiba Inu price corrected below the resistance level and traded within a descending wedge pattern.

The price bounce occurred as the token broke below both its 50-day and 200-day simple moving averages (SMA).

The Relative Strength Index (RSI) also shows the intense selling by investors. The RSI is currently trading at 30, within the overheated selling zone.

If the selling continues, the token could fall further to the $0.00001496 support area. Additionally, the 50-day SMA crossed below the 200-day SMA, forming a dead cross at $0.00001697, further encouraging the bears to sell more.

However, with the RSI showing that the asset is currently oversold, buyers may start buying the token while it is undervalued. In this scenario, buying could push the price of Shiba Inu above the falling wedge pattern, targeting $0.00001917.

Meanwhile, while Shiba Inu price bulls are looking for more buy signals, other investors are buying a new alternative called SHIB. SHIBASHOOTIt has already raised over $859,000 in pre-sales.

With the Shiva Suitout pre-sale price hitting $859,000, what’s a better alternative than buying it now?

Shiva Shootout invites token holders on a journey into the Wild West of crypto, offering the excitement of strategic gameplay and high-stakes cowboy showdowns.

master #cryptocurrency With a strategy #Shiba Meet the cowboys in a thrilling duel for big rewards! 🌟 Join the adventure!

Register now and get $SHIBASHOOT tokens for free!

Jump in and have fun! 🚀 https://t.co/jCeu7XMBqR pic.twitter.com/YjlGaaluBT

— Shibashootout (@shibashootout) June 28, 2024

Set in the vibrant town of Shiva Gulch and featuring characters like Marshall Shiva and Shiva Sharpshooter, this immersive experience combines creativity, competition and camaraderie.

Shiba Sharpshooter, a play-to-adult (P2E) game, already has a basic version approved by Google Play and Apple App Store, and a major update is coming soon. Players can earn $SHIBASHOOT tokens by playing the game.

In addition to Shiba Gulch’s P2E cryptocurrency games, $SHIBASHOOT holders can also easily earn passively through: The platform’s staking mechanism, The annual compensation is a whopping 1,117%.

Michael Wrubel, an influential crypto YouTuber with over 312,000 subscribers, told his viewers that he had found the “next 100x Shiba Inu” on SHIBASHOOT.

According to 99Bitcoins, a cryptocurrency channel with over 706,000 subscribers, investors who buy $SHIBASHOOT can get “insane rewards.”

If you want to participate in the presale, you can buy tokens for $0.0197, but you’ll have to hurry because the price will go up in two days.

SHIBASHOOT tokens can be purchased on the official website. You can pay using ETH, BNB, USDT or bank card.

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