Ame_Lia
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Bullish
$SHIB
/USDT could make you wealthy by 2025.
Shiba Inu (SHIB) has the potential to eliminate three zeros by the end of January, and a $1 investment could yield significant returns this year. As of January 17, 2025, SHIB is priced at approximately $0.00002413, showing a slight 0.10% increase from the previous close. Over the past week, SHIB has gained 10.96%, following the general trend in the cryptocurrency market.
However, recent analysis indicates potential resistance ahead. On-chain data shows increased selling pressure, with a decrease in the average holding time of SHIB tokens. Technical indicators like the Moving Average Convergence Divergence (MACD) have turned negative, suggesting possible bearish momentum. If SHIB fails to hold its current support level, it could drop to $0.000022 or lower.
Looking forward, projections are mixed. Changelly expects SHIB to rise by 67.04%, reaching $0.0000374 by January 18, 2025. Forbes forecasts SHIB to stabilize at around $0.00003375 by 2026, potentially increasing to $0.00004870 by 2028. However, these predictions are speculative and depend on various market factors.
In conclusion, while SHIB has recently experienced gains, caution is recommended due to potential resistance and market volatility.
#SHIB #ShibaInu
/USDT could make you wealthy by 2025.
Shiba Inu (SHIB) has the potential to eliminate three zeros by the end of January, and a $1 investment could yield significant returns this year. As of January 17, 2025, SHIB is priced at approximately $0.00002413, showing a slight 0.10% increase from the previous close. Over the past week, SHIB has gained 10.96%, following the general trend in the cryptocurrency market.
However, recent analysis indicates potential resistance ahead. On-chain data shows increased selling pressure, with a decrease in the average holding time of SHIB tokens. Technical indicators like the Moving Average Convergence Divergence (MACD) have turned negative, suggesting possible bearish momentum. If SHIB fails to hold its current support level, it could drop to $0.000022 or lower.
Looking forward, projections are mixed. Changelly expects SHIB to rise by 67.04%, reaching $0.0000374 by January 18, 2025. Forbes forecasts SHIB to stabilize at around $0.00003375 by 2026, potentially increasing to $0.00004870 by 2028. However, these predictions are speculative and depend on various market factors.
In conclusion, while SHIB has recently experienced gains, caution is recommended due to potential resistance and market volatility.
#SHIB #ShibaInu
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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