Shiba Inu Price Prediction: SHIB Plunges 14% as Experts Say This New Green ICO Could Be the Best Cryptocurrency to Buy Now.

adminMarch 7, 2024

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Shiba Inu prices have plummeted 14% in the last 24 hours. Traded for $0.00003198 As of 7 a.m. EST, trading volume had fallen 60% to $4.7 billion.

SHIB’s decline comes amid widespread selling in the meme coin sector after Bitcoin’s rally pushed it to new all-time highs.

Shiba Inu Prices: Are Buyers Ready for Another Bull Market?

shiba inu price SHIBUSDT Analysis by Tradingview

Shiba Inu prices are showing a gradual upward trend after a long period of restraint. During this time, support was formed at $0.00001030, which helped the bulls push the price higher.

However, when the price reached the $0.00004512 level, the bulls faced resistance, which resulted in the price falling to $0.00002853 under pressure from the bears. This formation creates a bullish pennant, indicating a continuation of the bullish trend.

The bulls showed their resilience, bouncing back twice as they gathered strength from the $0.00002853 support level to start a bullish rally above the bullish pennant.

The price is trading above the 50-day and 200-day simple moving averages (SMAs), which support the current price. The moving average crossover at $0.00001040 confirms the generally optimistic outlook for the Shiba Inu price.

The Relative Strength Index (RSI) also indicates a downward trend, consolidating around the 50 midline level. A bounce from this level could cause the RSI to surge back into overbought territory, indicating strong buying pressure on the Shiba Inu price.

Shiba Inu Price Bull Target $0.00006288 Mark Above Pennant

Shiba Inu price has a bullish bias as the bulls are aiming to drive the price towards the $0.00006288 mark. The support area at $0.00002863 and the golden cross at $0.00001040 support further upside potential. If momentum remains strong, a breach above this level could push SHIB to new all-time highs in the coming weeks.

Conversely, an RSI in overbought territory could trigger a potential price correction. This could encourage the bears to take control and push the price lower, forcing the bulls to retreat to the $0.00001216 support zone.

As Shiba Inu traders wait for a lucrative new entry position, some investors are attracted to the new eTukTuk token, which opens the door to a greener future in transportation with a $TUK token presale.

Go green with eTukTuk tokens

eTukTuk is an innovative transport initiative with environmentally friendly ambitions and the potential to bring positive change to developing countries. Presales have already reached more than $1.78 million.

The project is dedicated to supporting TukTuk drivers in developing countries in South Asia and Africa to address issues related to carbon emissions, improve public health and promote financial inclusion.

“Breakout crypto eTukTuk is working to improve urban transportation in developing countries through electric vehicles and blockchain technology.” – @cryptonews
Learn more here: https://t.co/7hr62WePzm
— eTukTuk (@eTukTukio) February 8, 2024

For this effort, the project team aims to revolutionize transportation through AI-powered electric tuk-tuks (small three-wheeled vehicles) and blockchain-enabled eco-friendly charging stations.

1/ Buckle up!
The automotive industry is on the verge of an electric revolution.
The global EV market, which will grow from $278.7 billion in 2022 to $72.798 trillion by 2050, isn’t just growing. It’s rewriting the rules of the road 🌐🔋 pic.twitter.com/gwH9G8fk81
— eTukTuk (@eTukTukio) March 5, 2024

TUK tokens play a key role in this ecosystem, driving a variety of features ranging from AI-based efficiency improvements to predictive maintenance.

Earn rewards by staking and playing to earn

The development team has an exciting roadmap that includes: P2E (Play to Earn) games. In this game, players transport passengers to various destinations on the busy streets of Sri Lanka and earn $TUK tokens upon successfully completing missions.

eTukTuk also offers a staking program that offers returns of up to 138% for early investors.

Introducing the Buy and Stake mechanism. $TUK Start earning dynamic APY by staking your tokens immediately.
Early stakers will enjoy higher returns with APY scaled based on their participation, encouraging early adoption and a fair and attractive incentive structure for all. 🌟 pic.twitter.com/pMrXEZzB3f
— eTukTuk (@eTukTukio) October 10, 2023

Crypto analyst and Youtuber Alessandro De Crypto says eTukTuk has the potential to experience significant growth once it launches.

Investors interested in the growth of eTukTuk can purchase TUK tokens for $0.02775 each. If you are interested, buy it quickly because the price will go up after about 6 days, and buy it even sooner if the stage is sold out.

Visit eTukTuk official website Buy TUK tokens. You can exchange BNB or USDT for TUK tokens or buy directly using your bank card.

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