The Shiba Inu hit a record high price of $ 0.00008845 in the last week of October 2021. Additionally, the Shiba coin has risen by over 69% in recent months.
SHIB over the past 24 hours has shown minimal volatility as it has traded in a range of $ 0.0000512 to $ 0.00005537. At the time of writing it is trading at $ 0.000052, the next resistance from here can be found at $ 0.000056. However, if there is a downtrend, support stands at $ 0.000044.
As for the technical indicators, the RSI is neutral at 51.86, and the moving averages show a neutral indication.
Will SHIB Price hit ATH again?
A well-known crypto strategist and trader expects an epic surge in XRP, claiming that the Shiba Inu coin (SHIB) is about to hit an all-time high.
Analyst Scott Melker told his YouTube subscribers in a new strategy session that Shiba Inu looks bullish after breaking through diagonal resistance that has kept Shiba negative in recent weeks.
He explains that he bought SHIB as it was busting, and he thinks SHIB would revisit its all-time high.
“This thing has a ton of volume. We see that this four hour candle is the biggest in a few days, bursting. I like this. My target is here ($ 0.000089). “
From October 23 to 28, SHIB jumped about 219%, hitting a new all-time high of $ 0.0000885. This climb is called the “flag pole” by analysts. After an extraordinary rally, the price of the self-proclaimed DOGEKILLER finally stabilized, forming a flag with lower highs and lows.
SHIB bulls attempted to push the price above the weekly average price level of $ 0.00005433. Unfortunately, it stopped along the way, as its appeal began to wane in the wake of the U.S. Inflation Report.