COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Current Status of Shiba Coin for Investors: Analysis and Price Predictions
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Shiba (SHIB) > Current Status of Shiba Coin for Investors: Analysis and Price Predictions
Shiba (SHIB)

Current Status of Shiba Coin for Investors: Analysis and Price Predictions

In Brief

  • Crypto markets have started to recover as US stock markets rise, and BTC quickly surpassed $26,500. With increased optimism about tomorrow’s Powell speech, risk appetite seems to have somewhat recovered. So, what does the current situation indicate for Shiba Coin investors?ContentsShiba Coin AnalysisShiba Coin Price Predictions Shiba Coin Analysis SHIB price started to rise after […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Crypto markets have started to recover as US stock markets rise, and BTC quickly surpassed $26,500. With increased optimism about tomorrow’s Powell speech, risk appetite seems to have somewhat recovered. So, what does the current situation indicate for Shiba Coin investors?

Contents
Shiba Coin AnalysisShiba Coin Price Predictions

Shiba Coin Analysis

SHIB price started to rise after falling to $0.0000054 on June 10th. So far, the price has increased by 50% and reclaimed the $0.000080 horizontal area. This development was particularly important as it indicated that the previous breakout was invalid. Therefore, it is expected that the region will now provide support again.

Despite the bounce and increase, the SHIB price is still trading below a declining resistance line since September 2022. A breakout from the line is needed to confirm the reversal of the uptrend. In this case, Shiba Coin price can climb to the $0.0000150 resistance area with an 85% increase.

Shiba Coin Price Predictions

At the time of writing, Shiba Coin continues to rise with a 6% increase, benefiting from the recent market uptrend. On the other hand, the highly anticipated Shibarium was launched on August 16th. However, the launch faced several issues, such as $1.7 million worth of ETH getting stuck in the Shibarium bridge, which prevented it from providing the desired support to the price. If we see more positive developments regarding Shibarium in the coming weeks, this could support the price. Especially, the upcoming network report expected towards the end of next month, if the on-chain data is positive, can contribute to a higher than expected price increase with new wallets, active users, and so on.

So, what is the short-term bullish outlook? The previous breakout at $0.0000103 needs to be successfully completed this time. If the price can surpass this resistance line, the rally can gain momentum. However, it is crucial not to lose the mentioned support at $0.000008. In case the worst scenario occurs, with the loss of this support, we can see a sell-off of over 25% down to $0.000006.

Bitcoin price has not been able to sustain above $26,500 for now, and the short-term outlook will largely depend on the performance of the king cryptocurrency. The Powell speech tomorrow is one of the closely watched subjects. We will share the details about the speech on COINTURK as breaking news.

Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and associated risks of cryptocurrencies and should conduct their own research before making any transactions.
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Shiba Inu Community Boosts Digital Payments with SHIB Pay

Shiba Inu Community Burns Tokens to Boost Future Prospects

Shiba Inu Surge Captivates Large Investors

Shiba Inu Sparks Excitement with Potential for Massive Price Surge

Shiba Inu Makes Waves with Shibarium DappStore Launch

COINTURK NEWS 23 August, 2023 - 11:04 pm 23 August, 2023 - 11:04 pm
Share This Article
Facebook Twitter
Share
Previous Article Shibarium Relaunch: Future Plans and Potential Price Predictions for SHIB
Next Article When Do Cryptocurrencies Rise? Current Analysis and Predictions
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Trump Cuts Ties with Lobby Firm Over Digital Asset Controversy
Cryptocurrency News
Lido Finance Empowers stETH Holders with New Governance Proposal
Cryptocurrency News
Coinbase Embraces Innovative Strategy by Managing Bitcoin Holdings Differently
Bitcoin (BTC) Coinbase
Crypto Markets Surge with Bitcoin’s Impressive Rise
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?