Shiba Inu Price Prediction – SHIB at Bottom of Current Range is a Buy Signal for Traders
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission.
Investors appear to have retreated to the sidelines with cryptocurrencies across the board left in the hands of the bears. The second most popular meme coin, Shiba Inu has fallen from its recent 2023 high of $0.00001590 to trade at $0.00001235 as regulatory pressure bites. However, SHIB’s short-term outlook reveals the possibility of a trend reversal in the coming days, especially if support at $0.000012 continues to stay firm.
Evaluating The Probability of Shiba Inu Price Recovery
The rampant overhead pressure in the crypto market downplayed SHIB’s listing on BinanceUS on February 24. BinanceUS is a subsidiary of Binance.com, the largest crypto exchange in the world by daily traded volume.
Investors can now buy and sell the second-largest meme coin using the SHIB/USD pair on the platform dedicated to serving US-based customers. Investors expecting a positive response to this exposure were left disappointed with Shiba Inu price stretching the leg downstream.