One of the most popular memecoin, Shiba Inu (SHIB), is experiencing significant upward momentum today, distinguishing itself with bullish sentiment while the broader cryptocurrency market is fluctuating, according to CoinMarketCap.
Shiba Inu (SHIB), often referred to as the “Dogecoin killer,” holds a market capitalization of around $7.19 billion and has recorded a 24-hour trading volume of $253.85 million, reflecting its strong community backing and steady relevance in the memecoin sector.
At press time, the memecoin is trading at $0.00001220, having increased by 0.63% over the past 24 hours. The price is moving in a bullish trend and is currently testing a resistance level near $0.00001294. If it breaks above this, the next target could be $0.00001300. On the downside, the support level is around $0.00001213. If the cryptocurrency falls below this, we might see a drop towards $0.00001100.
The blue line indicates the resistance level at $0.00001294, while the yellow line represents the support level at $0.00001213.
Also Read: Shiba Inu’s Price Surge: Late October and November Lead the Gains
According to the Moving Average chart, the cryptocurrency is currently experiencing a bearish trend with the moving average indicator above the candles at $0.00001284. At the same time, the Moving Average Convergence Divergence (MACD) signals a bearish crossover, indicating that the price is likely to decrease for a while.
The signal line above the MACD line indicates a bearish crossover. The orange line represents the signal line, while the blue line indicates the MACD line.
The Relative Strength Index (RSI) indicates normal buying and selling activity in the altcoins network, as the median is shown between 60 and 40.
The RSI values of 51.18 and 41.45 indicate neutral market conditions, suggesting normal buying and selling activity.
According to Coincodex’s current price prediction for the memecoin, the price is predicted to rise by 16.48% and reach $ 0.00001409 by October 23, 2025. Based on the Shiba Inu (SHIB) forecast, it’s now a bad time to buy the memecoin.
The price of Shiba Inu is predicted to trend downward in the coming days, dipping as low as $ 0.00
by Invalid Date. This would represent a -100.00% dip compared to today’s rates.
Based on the chart, Shiba Inu (SHIB) is projected to maintain a steady upward trajectory through late 2025, with potential ROI ranging from 15.31% in September to 18.54% in November, before cooling slightly to 13.41% in December.
While these gains indicate strong bullish momentum, the projected prices remain significantly below SHIB’s previous all-time high of $0.00008845.
SHIB shows a positive year-end outlook with consistent growth, but based on these projections, it is unlikely to break its ATH before 2026 without a major catalyst or broader bull market surge.
Also Read: Shiba Inu Price Prediction Weakens, As Investors Choose Pepeto As Best Crypto To Buy
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