Shiba Inu (SHIB) Price Prediction For This Week

Shiba Inu is currently trading at $0.00000820 levels and dipped in price after remaining in the green for three days. SHIB had a good start in November as it is up nearly 15% in the last two weeks. The dog-themed token jumped from $0,000007 levels to $0.000008 in a week spiking in price after close to two months. Now that SHIB had a good start in November, will it continue to print profits this week? In this article, we will highlight how high or low Shiba Inu could trade in the indices this week.

Also Read: How Many ‘Zeroes’ Shiba Inu Deleted From November 2022 to 2023?

Shiba Inu: SHIB Price Prediction This Week

Leading on-chain metrics and price prediction firm Changelly has painted a bearish picture for Shiba Inu this week. According to the price prediction, SHIB might rise by a meager 3.75% this week in November. The price forecast suggests that the dog-themed token could reach a maximum high of $0.000008384 in November this week.

Also Read: Shiba Inu: $500 in SHIB Becomes $3.8 Million in November 2023

That’s an uptick and return on investment (ROI) of only 3.75% from its current price of $0.00000820. Therefore, short-term traders will find no room to pull out their holdings as the token will trade on the razor’s edge.

The cryptocurrency markets remain in the bearish grips for close to two years now. While the markets recover, they shed their gains quickly as the global macroeconomics don’t support a rally at the moment.

Also Read: Shiba Inu Might Easily Outperform Dogecoin in 2024, Explains ChatGPT

Financial experts predict that the global markets might remain on the back foot all throughout 2025 and 2026. The conflict in the Middle East between Israel and Palestine could also add pressure on the international markets.

At press time, Shiba Inu was trading at $0.00000820 and is down more than 1% in the 24-hours day trade. SHIB is also down close to 91% from its all-time high of $0.00008616, which it reached in October 2021.