The Shiba Inu (SHIB) is finishing the week it started as the most popular cryptocurrency in the market, with the dog meme taking the top spot on CoinMarketCap’s trending list.
In fact, SHIB is now trending above both Bitcoin (BTC), the most popular digital asset in the cryptocurrency market, and Fetch.ai (FET), which is currently in third place.
It leads the market in terms of searches and popularity as the most popular Shiba Inu coin is currently changing hands at $0.000009747, up 6.15% in the last 24 hours and another 18.08% in the previous week.
Notably, the dog meme token, after adding $900 million to its market cap last week, is now worth $5.35 billion.
The next target level for SHIB is now $0.00001 after breaking above the 50 daily moving average (MA) barrier of $0.0000087, which has been the cryptocurrency’s ceiling since November 10.
SHIB Technical Analysis
Technical Analysis Indicators (TA) for SHIB On the 1-day measure for SHIB, the sentiment is bullish, indicating Buy at 14. This summary is the result of oscillators indicating Buy at 2 and the moving averages indicating Buy at 2. 14.12.
Apart from that, algorithms based on machine learning are over in price forecast I predicted the price at which SHIB would trade at the end of January 0.000008036 USD It is a bearish estimate.
However, the cryptocurrency community expects SHIB to trade at an average price $0.000010439 On January 31, 2023, according to the latest vote count submitted by members of the cryptocurrency community on CoinMarketCap using the platform’s price estimator.
It is also important to note that Coinphony has identified the Shiba Inu as one of the top five meme coins to watch in the month of January 2023.
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The last of the week’s most popular SHIB Ends Coins after rising 18% debuted on Coinphony.