Current Price: $0.00003407
Market Summary:
The cryptocurrency market is experiencing a slight downtrend in the past 24 hours.
Bitcoin (BTC) is trading at $66,160, down 2% from yesterday.
Ethereum (ETH) is trading at $3,781, down 3% from yesterday.
Shiba Inu (SHIB) is trading at $0.00003407, down 1.7% from yesterday.
Technical Analysis:
The MACD chart for SHIB is showing a sell signal.
The RSI is at 45, indicating a neutral market.
The 50-day MA is crossing below the 200-day MA, indicating a downtrend.
Prediction:
Based on market and technical analysis, the SHIB price prediction for March 7, 2024 is as follows:
High probability: SHIB will continue the downtrend and trade between $0.000032 and $0.000034.
Medium probability: SHIB may bounce back and trade between $0.000034 and $0.000036.
Low probability: SHIB may drop sharply and trade below $0.000032.
Influencing Factors:
News: Any positive news about Shiba Inu or the cryptocurrency market in general could cause the SHIB price to rise.
Updates: The release of new updates for the Shiba Inu ecosystem could also cause the SHIB price to rise.
