Shiba Inu Price Forecast: Market Sees Layer Brett as the Genuine Heir to SHIB's 2021 Surge
Shiba Inu's Decline: SHIB has dropped 88% from its all-time high in 2021, currently trading at $0.00001021, with analysts predicting a modest 26% rise to $0.00001295 in the next year due to competition and low utility.
Emergence of Layer Brett: Layer Brett ($LBRETT), a new Ethereum Layer 2 token, is gaining attention for its fast transactions, staking rewards, and community-driven approach, positioning itself as a potential successor to SHIB.
Advantages of Layer Brett: Unlike SHIB, Layer Brett features a capped supply of 10 billion tokens, strong staking incentives, and a focus on self-custody and community governance, appealing to investors seeking more control and transparency.
Early Success of Layer Brett: Before major listings, Layer Brett has already seen a 45% price increase, with a starting price of $0.004 now at $0.0058, and is running a $1 million giveaway to engage early participants.
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Technical Analysis for SHIB
Technical Sentiment Analysis for Shiba Inu (SHIB) As of , Shiba Inu (SHIB) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SHIB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SHIB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Shiba Inu (SHIB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000306 | 0.00000406 | 0.00000523 | 0.00000623 | 0.0000074 | 0.0000084 | 0.00000957 |
| Fibonacci | 0.00000406 | 0.00000489 | 0.00000541 | 0.00000623 | 0.00000706 | 0.00000758 | 0.0000084 |
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