Shiba Inu Price Prediction - Is it worth investing in Shiba Inu?

 

In our last Shiba Inu course forecast, we wrote that the course could soon increase by another 100%. The prerequisite for this was the receipt of support. However, this support did not hold and the price then fell and saw this level as resistance. But how could things continue with Shiba Inu in the near future? We'll enlighten you!

Will Shiba Inu rise or fall in the near future?

Failing to hold the $0.000031 level, Shiba Inu price subsequently descended and saw the $0.000031 level as resistance. As this level is now viewed as resistance, the price could still fall a bit. We anticipate that the Shiba Inu price will soon be around $0.00002342. We expect $0.00002342 as this is the next major support. At this level, the Shiba Inu price could again find enough buyers for the price to start rising again. The next target would then be $0.000031 again.

Is an investment still worth it?

We would say that an investment in Shiba Inu is no longer worthwhile. We come to this decision based on the fundamental position of the token. The token is a meme coin and has no real use in the crypto market, which is why this token is pure speculation with no background. Once people pull their money out of the crypto market, which could happen in an upcoming bear market, meme coins will drop more than other altcoins. For these reasons, we would rather invest in projects that have a future. An example would be Ethereum.

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