HomeCryptoShiba Inu crypto forecasting: is it time to buy?

Shiba Inu crypto forecasting: is it time to buy?

In one of Shiba Inu’s worst moments, market analysts’ predictions believe that this period of “depression” is the best time to accumulate the crypto.

Shiba Inu certainly needs no introduction; it is one of the most important cryptocurrencies born in recent years, with a strong and prominent community that believes in its project.

The Shiba Inu ecosystem is a community of digital assets and protocols that interact to create a seamless user experience.

Shiba Inu’s forecasting say it’s time to buy the crypto

When it comes to trading strategies, an always valid theory is to buy when prices are falling. This suggestion may not always be valid in practice, but in theory it is obvious that price collapses can be a convenient opportunity to enter the market.

This concept is closely related to the possibility of buying Shiba Inu at this time.

Recently, the price of SHIB fell from a high of $0.00001590 to $0.00000935 due to regulatory pressures. This has made the current prices of SHIB very attractive.

SHIB’s short-term outlook indicates the possibility of a reversal in the coming days, especially if support at $0.0000900 remains firm.

In addition, when analyzing Shiba Inu’s performance over the past few days, there has been an 8% loss in its value in just 7 days, with a 2.5% drop in the past 24 hours. Shiba Inu has also seen a 10.21% drop in trading volume in the last few hours, which could negatively affect the asset.

Despite this, the value of Shiba Inu continues to remain above the critical support created by the lower ascending trend line. In addition, the downtrend appears to be protected by a congestion zone of sellers.

However, the position of the stochastic oscillator is very close to the oversold zone, which could indicate a pullback exhaustion.

Shiba Inu’s long-term forecasting

According to some sources, Shiba Inu (SHIB) is one of the most promising cryptocurrencies for the long term. It is also dictated by the strength of its community.

It is expected that at the end of 2023, the price of SHIB will experience a significant increase in the second half of the year, potentially reaching $0.000016.

The cryptocurrency market is known for its volatility, but no significant declines are expected for SHIB. The average price of SHIB is estimated to be $0.000015, but it could rise significantly through future collaborations and developments. The minimum expected value for SHIB is $0.000013.

In 2024, SHIB still has ample room to grow through announcements of new partnerships and initiatives. It is expected that SHIB’s price will soon exceed $0.000027, though it will be necessary to wait to see if SHIB’s relative strength index comes out of the oversold zone before placing bullish bets.

The minimum trading price expected for SHIB will be $0.000022, while the average trading price will be $0.000024.

By 2030, SHIB is expected to exceed its previous ATH values and reach new price levels. It is expected to have a minimum price of $0.000088 and a potential maximum price of $0.000093, with an average of $0.00009.

However, it is important to remember that the cryptocurrency market is highly unpredictable and these values could change significantly.