{"id":150850,"date":"2023-09-06T18:19:54","date_gmt":"2023-09-06T12:49:54","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=150850"},"modified":"2023-09-06T18:19:54","modified_gmt":"2023-09-06T12:49:54","slug":"shiba-inu-coin-price-prediction-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/shiba-inu-coin-price-prediction-crypto-news\/","title":{"rendered":"Shiba Inu Coin Price Prediction – Crypto News"},"content":{"rendered":"

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Shiba Inu (SHIB<\/a>) coin price has gained a very bearish outlook after a recent breakdown below a key support level. Bears are in full control as the altcoin investors adopt a risk-off approach. The latest technical analysis suggests a 28% move toward the downside is possible in the coming weeks.<\/p>\n

Cryptocurrencies are in a slump as Bitcoin price has slid below $26,000. At press time, the pioneering digital asset is changing hands at $25,750. On Wednesday, most altcoins are also showing very little volatility due to a decrease in trading volume.<\/p>\n

Shibarium Hits 1 Million Wallets<\/h2>\n

According to the latest Shibarium news, the memecoin blockchain has hit the milestone of 1 million wallets. The burn rate has also soared 71% as the 43 million coins got sent to the burn address. Nevertheless, SHIB price remains in a downtrend.<\/p>\n

The Shibarium launch was considered to be a game changer for the Shiba Inu coin price. However, the initial hiccups during the launch and the bridge issues acted as a headwind for the price. The popular memecoin is currently trading 51% below its yearly peak.<\/p>\n

Shiba Inu Coin Price Prediction<\/h2>\n

As evident from the following SHIB price chart, the price has broken below the critical support level of $0.00000780. If the bulls fail to reclaim this level soon, there\u2019s a possibility of a bigger drop till the June lows of $0.00000544. This would mean a 28% downside from the current price level.<\/p>\n

However, this bearish Shiba Inu coin price prediction will be invalidated if the bulls manage a daily closure above $0.00000850. This would create a higher high on the daily chart, breaking the bearish market structure.<\/p>\n

In the meantime, I\u2019ll keep sharing updated SHIB coin analysis as well as the upcoming 1000x gems on\u00a0Twitter<\/a>,\u00a0where you are welcome to follow me.<\/em><\/p>\n

\"Shiba
SHIB Daily Chart<\/figcaption><\/figure>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Shiba Inu (SHIB) coin price has gained a very bearish outlook after a recent breakdown below a key support level. Bears are in full control as the altcoin investors adopt a risk-off approach. The latest technical analysis suggests a 28% move toward the downside is possible in the coming weeks. Cryptocurrencies are in a slump […]<\/p>\n","protected":false},"author":2,"featured_media":150851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-150850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=150850"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150850\/revisions"}],"predecessor-version":[{"id":150853,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/150850\/revisions\/150853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/150851"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=150850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=150850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=150850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}