Technical Analysis of Shiba Coin
Shiba Inu (SHIB) is a deflationary meme coin launched on the Ethereum network. Here is an accurate technical analysis of Shiba coin
# Current Price
Shiba Inu is currently trading at a price of $0.00002129, with a market cap of $12.54 billion. The 24-hour trading volume reached $656.45 million.
# Technical Indicators
- *Relative Strength Index (RSI):* Indicates a downward trend with an actual reading of 0.00 on the one-week candle timeframe.
- *Moving Averages:* Indicate a potential downward trend if price movement continues below the horizontal resistance area of $0.00.
# Price Predictions
According to technical analyses, the price of Shiba Inu may experience notable fluctuations in 2025. Possible scenarios include ¹:
- *Moderate Increase:* The trading price may range between $0.000027 and $0.000034 by the end of 2025.
- *Optimistic Scenario:* The price may reach $0.0001 if significant technical advancements and broader market adoption occur.
- *Pessimistic Scenario:* The price may drop to around $0.00001566 by the end of 2025 if the coin faces market and regulatory challenges.