There are few digital assets with the kind of following that Shiba Inu has seen since its inception in 2020. Yet, the cryptocurrency has also seen a rather tumultuous road since its arrival, developing into a meme coin searching for utility. Now, as it attempts to continue a rebound, we delve into Shiba Inu’s (SHIB) price prediction for mid-November 2023.
Currently, Shiba Inu is trading at $0.0000082 and is down 1.21% over the last 24 hours, according to CoinMarketCap. Yet, its trading volume has seen a massive increase of more than 35% over that same time frame. So, let’s explore just where the asset could be heading during the middle weeks of the month.
Is Shiba Inu (SHIB) Set to Continue Breakout for Mid-November?
Overall, Changelly has expressed a technical overview of the digital asset that is preeminently bullish. Indeed, market sentiments are leaning toward a positive outlook for the digital asset in the short and long-term future. However, they have also predicted the asset to underperform during the middle days of the month.
Specifically, Shiba Inu’s (SHIB) price prediction for mid-November expects a decrease of around 4.59%. Additionally, the prediction expects the days prior to the middle of the month to average a growth rate of around 3-4%, with a decline expected.
Ultimately, analysis shows that the end of November should see a stark increase. However, the mid-November observation is not as encouraging. Over the last month, SHIB has noted a 17.54 increase, which is quite impressive. That would continue within the next few weeks, with a downturn expected around November 15th.
Altogether, the minimum price for November should remain around $0.00000735.However, its maximum prediction for the month overall is slated around $0.00000921, which provides tremendous upside. However, the mid-November outlook should lean more toward caution.