Shiba Inu (SHIB) Soars Amid Whale Activity; Experts Predict Future Gains Despite Bearish Sentiment
July 9, 2024Shiba Inu (SHIB) has surged past $0.00001748 due to oversold conditions and minimal selling pressure from large holders.
Transactions by large holders of SHIB have increased by 229% since July 4.
As of July 1, 2024, SHIB is trading at $0.0000172 with a market capitalization of $10.13 billion.
Future price predictions for SHIB in 2024 vary between $0.0001 to $0.0003, depending on market conditions and ecosystem development.
Binance predicts SHIB's price may increase to $0.000023 by 2030.
The current sentiment for SHIB is bearish, though some analysts expect meme coins to lead the next market surge.
DOGE's price has potential to rise to $0.11 if buying activity increases, but current bearish pressure has halted its recovery, with the price around $0.1043.
Key support levels for SHIB and DOGE are $0.0914, $0.0745, and $0.0559, while resistance levels are $0.1293, $0.1491, and $0.1649.
Traders should closely monitor key levels and technical indicators for trading opportunities in both SHIB and DOGE.
Investors are advised to approach SHIB with caution and realistic expectations.
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