NewsPrice PredictionSHIB

SHIB News Today: SHIB Coin Targets $0.00001054 Amid Bullish Market Trends, 10 Jan 2024

1 Mins read

Shiba Inu (SHIB), the popular meme cryptocurrency, is currently trading at $0.00000964 as of 3:22 am UTC. Exceeding its pivot price of $0.00000957, SHIB is showing signs of a bullish trend, drawing attention in today’s volatile crypto market.

SHIB News Today
SHIB News 10 Jan 2024
SHIB Price Prediction Today

SHIB Price Target Today

With SHIB’s current price slightly above the pivot point, the focus is on its potential to reach higher resistance levels. If the bullish trend continues, SHIB could aim for its first resistance level and possibly target higher levels. However, a reversal in market sentiment could see it retreating towards support levels.

SHIB News Today
SHIB News 10 Jan 2024
SHIB Price Prediction Today

This chart is generated from Tradingview.com: https://in.tradingview.com/chart/?symbol=BINANCE:SHIBUSDT.P

SHIB Price Prediction Today

The cryptocurrency market’s inherent volatility necessitates a cautious approach to SHIB’s potential trajectory. While there is optimism about reaching higher resistance levels, the possibility of a downturn towards support levels also looms, offering a balanced perspective of today’s market possibilities.

SHIB Price Prediction

Yesterday’s trading data reveals that SHIB reached a high of $0.00001001 and a low of $0.00000904. The high, close to the first resistance level, suggests a bullish inclination that might continue in today’s trading. However, the significant low points to the market’s constant fluctuations, emphasise the need for cautious trading strategies.

SHIB/USDT Daily Chart for Yesterday

A closer look at the SHIB/USDT daily chart from yesterday provides insights into the coin’s recent performance. The near-reach of the first resistance level may indicate SHIB’s potential to target higher levels today. However, the fluctuation between the high and low points underscores the need for caution in the market.


Disclaimer: This article is for educational purposes only and is not intended as financial advice. Cryptocurrency trading involves significant risks, and it’s advisable for investors to conduct their own research or consult with a financial advisor before making any investment decisions.

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About author
Matthew Garcia is a crypto article writer with over 5 years of experience in the industry. He is passionate about writing about the latest news and trends in the cryptocurrency space, and he has a deep understanding of the technology behind blockchain. Matthew Garcia has written for a variety of publications, including CoinDesk, The Block, and CryptoSlate. He is also a regular contributor to the Ailtra.io blog, where he writes about the latest developments in the Ailtra ecosystem. Matthew Garcia is a skilled writer with a knack for explaining complex technical concepts in a clear and concise way. He is also a creative writer who is able to produce engaging and informative content. Matthew Garcia is always up-to-date on the latest news and trends in the crypto space, and he is always looking for new ways to share his knowledge with others.
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