- Shiba Inu experienced a 5% drop in last week but shows signs of recovery.
- 54% of SHIB holders are currently at a loss, with 43% profits.
- The projections indicate a potential increase of 60% of the price of shib before February 27.
The Shiba Inu cryptocurrency (SHIB) was on a roller coaster tour. After a difficult week, the memes play showed signs of recovery as we approach the weekend. In the past seven days, Shib has dropped by almost 5%, and its monthly losses have been 23%. Despite this downward trend, the Shib community remains a spanning for a bullish near February.
In the past 24 hours, the price of Shib has increased by approximately 2%, negotiating $ 0,0000,1572. This increase was accompanied by an increase in market capitalization and commercial volume. The market capitalization of SHIB now amounts to $ 9.27 billion, with a daily negotiation volume of $ 174.5 million, reflecting an increase of 10%.
However, the recent slowdown has left a large part of SHIB investors at a loss. Intotheblock data indicate that 54% of SHIB holders are currently underwater, while 43% are profitable at the current price.
AI provides for the increase in Shiba Inu prices
For the future, various analyzes suggest a potential ascending movement for Shib. CoincoCex predicts that Shiba Inu could increase by 100.47% to reach $ 0.000031 by February 13, 2025. Likewise, the predictions fueled by AI from the estimate of Finbold Shib of the price of Shib to 0, 0000195250 before February 28, 2025, an increase of 18.62% compared to its current value.
These projections are based on the historic performance of SHIB and current market trends. In particular, Shib has demonstrated solid performance in February in recent years. According to Cryptorank, Shib never recorded a loss in February, with an average gain of 20.3% and a median yield of 21.1%.
Market analysts also indicate that technical models that could point out a bullish break. The expert in Crypto Javon Marks highlights a large head and reverse shoulder motif in the shib graph, suggesting a potential increase of more than 399% to a target of $ 0.000081.
Although these forecasts are optimistic, it is essential to approach them with caution. The cryptocurrency market is intrinsically volatile, and various factors, including macroeconomic conditions and regulatory developments, can influence price movements. Investors must carry out in -depth research and consider their tolerance at risk before making investment decisions.
In summary, Shiba Inu Recent performance has been difficult, but historical trends and technical analyzes suggest rebound potential. Over February, the Shib community remains vigilant, hoping for a positive change in the momentum.