Shiba Inu investors, the collective SHIB army, have long been standing in the queue, waiting for SHIB to spark and display a huge price leap. The investors have long been hoping for Shiba Inu to show significant price action; however, till now, the token is yet to portray a momentous price update, the one that transforms the token’s fortunes for the better. As SHIB continues to deflate investors’ hopes, here’s what the technical platforms have to say about SHIB’s current price value and momentum.
Also Read: $4,000 Can Turn $1.25 Million If This Shiba Inu Prediction Comes True
Should You Buy, Sell, or Hold SHIB?
Shiba Inu has always been a leading market contender, holding high hopes and investor aspirations. The token is currently stuck between the $0.0000012 and $0.0000013 price spots, unable to break past these resistance levels. Despite the analysts’ forecasting a bullish future for SHIB, Shiba Inu is currently trading at a slow price pace, perplexing investors, leaving them to ponder whether they should hold or sell their Shiba Inu tokens.
As per CoinCodex SHIB projections, Shiba Inu is currently in a solid buy condition, with predictions of the token hitting a new high soon displayed in bold.
CoinCodex has predicted a “buy” signal for the token, all while predicting a 40% surge for the token to bank on soon.
“According to our current Shiba Inu price prediction. The price of Shiba Inu is predicted to rise by 49.83% and reach $0.00001938 by October 10, 2025. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 49 (neutral). Shiba Inu recorded 15/30 (50%) green days with 3.24% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a good time to buy Shiba Inu.”
Is It Profitable to Invest in Memecoin Right Now?
The cryptocurrency market has always been volatile, with calculated risk-taking factors being the only element that helps an investor sail through in this market. That being said, Shiba Inu’s SHI stablecoin launch, which is pending, could be one of the leading factors transforming its price path for the better in the near future.
Moreover, the interest rate cut narrative, which is gaining momentum right now, may also pivot investor interest towards crypto, compelling them to diversify their portfolios into coins like Shiba Inu.
Per CoinCodex SHIB data and technical indicators, they are flashing green, stating that it’s profitable to invest in the asset. However, crypto markets are subject to intense volatility; hence, discretion is advised before making any investment-related decisions.
“Over the last 30 days, Shiba Inu had 15/30 (50%) green days. According to our historical data, it is currently profitable to invest in Shiba Inu. The price of Shiba Inu decreased by -3.71% in the last 1 year. The price of BYD has increased in the last 1 year. Based on multiple technical quantitative indicators, the current forecast for Shiba Inu in 2025 is neutral. This could be an indication that Shiba Inu is a bad buy in 2025. However, it’s important to consider both technical factors, like price history. And fundamental factors (on-chain activity and development) before making the decision to buy Shiba Inu or not.”
Also Read: Shiba Inu Was The Best-Performer In 2021: What Has Happened?
