Shiba Inu Price Prediction: 3 Trillion SHIB Volume Disappears – Will SHIB Go to 0?

Shiba Inu has increased by 6% in the past 24 hours, with the meme token bouncing back to $0.00001381 in a bullish day for most major tokens. SHIB has now risen by 15% over the past week and 21% over the past two weeks, although this meme coin is still down by 26% over the past year. The percentage rate later is really disappointing, and the concerning thing about Shiba Inu is that even the bullish trend over the past week has not significantly changed the fundamental position of this coin, with large transactions decreasing by about 3 trillion SHIB in the past week. This indicates that this token may not perform as well as other altcoins during the current bullish phase, although with many upcoming launches and updates, the long-term price prediction for Shiba Inu remains optimistic. Shiba Inu Price Prediction: 3 Trillion SHIB Volume Disappeared – Will SHIB Drop to $0? The decline in large transactions ( worth at least $100,000 ) occurred suddenly, from 6.04 trillion SHIB a few days ago to only 1.87 trillion SHIB in the past 24 hours. This is a decrease of 69%, indicating that demand may have left SHIB. However, some perspectives are needed, as the figures in the past 24 hours are slower than the bullish trend of SHIB today. In other words, this number is likely to be bullish today and if we look at the large trading chart below, we can see that the trading volume fluctuating week by week is quite normal.

Therefore, the recent fall from the peak of 6 billion on July 13 is not alarming, and if we look at the current Shiba Inu price chart, we see that the price continues to be bullish. Its indicators continue to rise from the previous oversold positions and we can see that they are not yet overbought. For example, its relative strength index (yellow) has nearly reached 70, but its trajectory shows it will hit 75 or 80, if not higher. Similar to the MACD of SHIB (orange, blue), it has only recently turned positive, which means this token still has many more levels of increase ahead.

Assuming the market continues to be bullish, we could see SHIB reach a level of $0.000020 by the end of August, before finishing the year at around $0.000040. This development will be supported in upcoming updates and launches (, for example: Alpha Layer ), with Shiba Inu still striving to become something more than a meme currency.