It looks like analysts are optimistic about Shiba Inu, predicting a potential surge of 1000%. Although SHIB saw a minor drop of 1.85% in the past week and a more noticeable 22.06% decrease over the past month, it has still managed to grow by 28.73% over the last six months.
The current price of SHIB fluctuates between $0.0000213 and $0.00002573, nearing its at $0.00002754. If it surpasses this point, the next resistance level is at $0.00003197. On the downside, the nearest support level is at $0.00001868, with a further support level at $0.00001425. Falling below these supports could signal a further decline.
From a technical perspective, indicators give mixed signals. The Relative Strength Index (RSI) sits at 41.03, indicating SHIB is not currently overbought or oversold. The 10-day Simple Moving Average (SMA) is $0.00002123, which is just below the 100-day average of $0.00002308. The Moving Average Convergence Divergence (MACD) is negative at -2.3246e-7, suggesting bearish momentum. However, the Stochastic at 64.99 indicates potential for upward movement. Based on these indicators, SHIB's price could bounce back if it breaks resistance levels, but a drop below support might lead to further losses.
