Important points
- The Shiba Inu is trading for around $0.000008480.
- Market capitalization reached $4.99 billion, and 24-hour trading volume increased by more than 12%.
- The Fear and Greed Index of 22 reflects the extreme caution gripping the market.
- It is likely to rise if whales continue to accumulate.
- In the short term, prices are primarily driven by community sentiment and speculation.
- The long-term prospects of the SHIB ecosystem will depend on upgrades within the ecosystem, institutional adoption, and the general macro environment.
Shiba Inu Current Market Scenario: What is the current situation of SHIB?
The Shiba Inu is trading for around $0.000008480. Prices have increased slightly in the past 24 hours. SHIB’s market capitalization was $4.99 billion, and its 24-hour trading volume increased by more than 12% to $113.13 million. A 22 (Extreme Fear) on the Fear and Greed Index highlights the extreme caution gripping the market. Additionally, volatility remains high at 7.27%.
- Fear and Greed Index: 22 (extreme fear)
- Market sentiment: Bearish
- Supply inflation: 0.00% (low)
- Advantage: 0.00% (low)
- Volatility: 7.27%.
Shiba Inu price prediction for today, tomorrow and this week
Today’s Shiba Inu price is expected to remain within the range of $0.000008576 to $0.00000905. A strong rally is expected if whale accumulation continues, but a more severe correction cannot be ruled out, especially if the Fed’s decision is disappointing. Regarding the coming weeks, the SHIB price is expected to remain between $0.00000853 and $0.00000924.
| date | day of week | daily low price | daily high | average |
|---|---|---|---|---|
| 10/12 | Wednesday | $0.05905 | $0.05942 | $0.05924 |
| 11/12 | Thursday | $0.05894 | $0.05916 | $0.05905 |
| 12/12 | Friday | $0.05853 | $0.05892 | $0.05873 |
| 13/12 | Saturday | $0.05865 | $0.05877 | $0.05871 |
| 14/12 | Sunday | $0.05857 | $0.05872 | $0.05865 |
| 12/15 | Monday | $0.05867 | $0.05875 | $0.05871 |
| 12/16 | Tuesday | $0.05875 | $0.0588 | $0.05878 |
Market outlook: technical indicators, institutional investor activity and macro trends
The price of a Shiba Inu is highly influenced by community sentiment. Nevertheless, technical indicators, whale activity, upgrading within the ecosystem, institutional benefits and macroeconomic factors remain relevant as well. The following sections explain each of these elements in detail.
Technical indicators indicate mild bullish momentum
SHIB is trading below its 10-day simple moving average and exponential moving average. However, SHIB regained 20 days of gains. simple moving averagethe MACD shows a bullish crossover. The 14-day Relative Strength Index (RSI) value of 46 indicates a neutral stance.
If SHIB manages to maintain its current levels, the next significant level will be 0.00000876. Exceeding this level could quickly result in a retest of SHIB to 0.00000983. Still, given the volatile nature of crypto markets, we cannot rule out the possibility of a more severe correction, especially after the Fed meeting.
Whale Accumulation, Upcoming Shibarimusu Upgrades, and ETFs
Whales are reportedly accumulating SHIB ahead of the next Fed decision. According to market intelligence platform Santimento’s X-Post, SHIB shows highest whale activity since June. Large-scale migrations of whales are likely to produce short-term bullish effects.
In the long run, upcoming Shibarium upgrades are likely to be the main driver of price. This upgrade is said to introduce advanced privacy technologies to the ecosystem. Such developments increase the possibility of: Exchange traded fund (ETF) will be set up with a focus on SHIB. The ETF has the potential to attract more institutional and retail investors to the SHIB ecosystem.
Macroeconomic factors: economic and political trends
Along with ecosystem development, the macro environment is important in determining price movements. Loose monetary policy and regulatory developments that bring greater clarity to the crypto landscape could add new momentum to the overall crypto market. On the contrary, macro headwinds such as geopolitical tensions may deter investors from riskier investments.
Conclusion: What will happen to the Shiba Inu in the future?
In the case of meme coins like Shiba Inu, the price is mainly determined by community sentiment and speculation. Still, the influence of whale activity, technological advances, institutional interests, and macroeconomic factors cannot be ignored. Whether you invest in Shibu Inu depends on your personal financial goals. Nevertheless, investors should accept price fluctuations and increased volatility as they are common in the crypto market.
Disclaimer: These cryptocurrency price predictions are based on predictive modeling and should not be considered financial advice.
