Shiba Inu (SHIB) price forecast for January 31, 2023

With the cryptocurrency market poised to end one of its worst years in history on a bearish note, Shiba Inu (SHIB) managed to break out of the downtrend in recent weeks by posting modest gains on the daily charts.

At the same time, the cryptocurrency community can CoinMarketCap Maintaining a bullish stance at the end of the opening month of 2023, it expects Shiba Inu to trade at an average price of $0.00001102 on January 31, 2023, according to data retrieved on December 30.

SHIB Social Estimates for January 31st. Source: CoinMarketCap

On community predictions, the cumulative score for 1,137 member votes Depending on the time of publication it ends up being correct, this would represent a +0.000003008$ increase or +37.53% in the price of the Shiba Inu at the time of publication.

Shiba inu price analysis

As it stands, SHIB is currently trading at $0.000008016, up 0.97% in the past 24 hours but still down 3.61% for the week and 13.26% from last month, with a market capitalization of $4.4 billion.

Shiba Inu 24 hour price chart. Source: quinphone

Despite society’s optimistic expectations, the technology is working TradingViews The one-month metric indicates “strong sell” at 7 (as opposed to “neutral” at 4 and “buy” at 0), summarized by oscillators indicating “sell” at 1 and moving averages in “strong sell” territory at 6.

Shiba Inu morale for one month. Source: TradingView

Meanwhile, the Shiba Inu is one of the most watched cryptocurrencies of 2022 on Binance when traders looked for information on how to buy SHIB, thus placing the digital asset in the company of the crypto sector’s two largest currencies by market cap – Bitcoin (BTC) and Ethereum (ETH).

Warning: The content of this website should not be considered as investment advice. Speculative investments. When you invest, your capital is at risk.

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