As the cryptocurrency market prepares to enter 2023, Shiba Inu (SHIB) traders and investors are trying to discern what the new year holds for the dog meme digital asset, which has been going through a rough patch in the past months, along with many other tokens.
With this in mind, the machine learning algorithms at the crypto tracking platform PricePredictions have projected that Shiba Inu would be changing hands at the price of $0.000008071 on January 1, 2023, according to data retrieved by Finbold on December 21.
Taking into account technical indicators like the moving average (MA), moving average convergence divergence (MACD), relative strength index (RSI), and Bollinger Bands (BB), the analytics platform predicts a 2.62% decrease in the SHIB price compared to the $0.000008288 at the time of publication.
SHIB 30-day price forecast. Source: PricePredictions
Meanwhile, the sentiment monitored on 1-month gauges over at TradingView is largely on the bearish side, its summary indicating
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