Shiba Inu Price Prediction: Top Gainer SHIB Soars 80% as Altcoin Season Breaks Out and Experts Say This New Solana Meme Coin Could Be the Next Craze | Trending Viral hub

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The price of the Shiba Inu shot up 80% in the last 24 hours to trade at $0.00003560 As of 12:14 a.m. EST, trading volume increased 307% to $13.35 billion.

This comes as SHIB emerges as the top gainer and ranks among the best performers in the meme coin sector, joining its peers including DOGE, PEPE, BONK and FLOKI. The rise coincides with an ongoing mania for meme coins, as the tokens post double-digit gains on the daily timeframe and triple-digit gains on a weekly basis.

Shiba Inu Price Recovers Above Bullish Pennant

Shiba Inu Chart Analysis Source: TradingView.com
Shiba USD Chart Analysis Source: TradingView.com

Shiba Inu price has broken the psychological threshold of $0.000030 as the bulls maintain the bullish momentum to reach the resistance of $0.000045. However, the bears may have maintained control over the price, allowing SHIB to pull back and trade within the lower boundary of the bullish pennant.

SHIB is currently trading above the 50-day and 200-day SMA, a confirmation of the current bullish momentum.

Furthermore, the Relative Strength Index (RSI) is currently above the mid-level of 50 at 54. If the bulls maintain the positive momentum, the RSI could be pushed into the overbought region, an indication of continued investor optimism.

MACD BLUE

The Moving Average Convergence Divergence (MACD) also supports bullish sentiments as the moving average line (blue) crosses above the signal line (orange), representing a bullish crossover. A bullish crossover is usually a stimulus for investors to take more buying positions, and the price will skyrocket further.

Furthermore, the green bars on the histogram extend above the zero line, indicating that SHIB price is on a positive trajectory. The Average Directional Index (ADX) is above the 20 level, currently at 46, which shows that SHIB is currently in a very strong uptrend.

Shiba Inu Price Prediction: $0.00005 in sight

Shiba Inu price analysis shows that SHIB has bullish momentum, and the ADX and MACD support the bullish outlook. The bulls aim to recover the price, breaking the upper limit of the pennant while targeting $0.00005, removing the resistances at $0.000040 and $0.00004485.

On the other hand, if the bears take control of the price, they could push the price through a pullback, which could cause SHIB to retrace to $0.000027, coinciding with the 50-day SMA.

Meanwhile, many investors are diversifying their meme coin portfolios with Smog, a project that promises to launch the mother of all airdrops on the Solana blockchain.

Smog is about to be the next BONK, 100X wins opportunities

Since its debut on the Jupiter exchange in early February, Smog has been gaining ground as it aims to dominate the titans of Solana-based meme coins including BONK, WIF, and MYRO. His slogan, “One meme coin to rule them all,” reflects his bold ambition.

Since the project aims to surpass previous Solana airdrops, the development team has already allocated 35% of its 1.4 billion token supply for that purpose. The team says the airdrop will be “the largest in history.”

Smog graph analysis Source: Geckoterminal.com
smog

The smog continues to increase. It has soared 114% in the last seven days and reached an all-time high of $0.12 before returning to the current price of $0.1118.

The token has amassed over 40,000 holders and has a market capitalization of $87 million, a testament to the growing buzz around the token.

Buy and bet $SMOG, qualify for the biggest airdrop

To be eligible for Smog airdrop, there are two main ways. The easiest way is for you buy and hold Smog tokens in your wallet.

You can also participate by completing different daily tasks, where you accumulate airdrop points, managed by Zealy. Airdrop members on the platform have already completed more than 800,000 missions.

Smog is also airdropping $1,500 worth of $SMOG via daily airdrops to BONK, WIF, MYRO, and SAMO holders.

You can also win passively through the Smog betting option at betting $SMOG for an impressive 42% Annual Percentage Yield (APY).

According to Jacob Bury, crypto analyst and YouTuber, smog has the potential to increase 100-fold.

You can buy the SMOG token at the official website to qualify for the historic airdrop. There is also a 10% discount when you buy and bet $Smog.

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