Shiba Inu PriceThey have done very well in the past few days. SHIB coin rose to a high of $0.000,015, which is also the highest value since August 17. The price is about 65% higher than the lowest standard this year. On Tuesday, the coin traded at $0.000013.

Future outlook of SHIB in November

Shiba DogandDogecoinAfter a few weeks of consolidation, they regain their charm. The key metal catalyst for rebound isElon Musk recycling tweetslast week. It paid $44 billion for this desperate and money losing social networking company.

Because of the main performance of Dogecoin, the price of Shiba Inu increased. In the past two years, Musk has become one of the most active promoters of Dogecoin. In fact, before Dogecoin was recognized, it was a silent, relatively uncertain digital currency.

Shiba Inu and other memes gradually became stronger substitutes for Dogecoin. Therefore, historically, they are closely related.

Customers seem to believe that Elon Musk will include Dogecoin in the ecosystem of Twitter. He can achieve this by using Twitter, a channel with more than 200 million DAUs, as a payment option. It is reported that Musk is trying to make people pay for certification.

However, I believe that I firmly believe that all such activities will not have a profound impact on Dorgjin and the Hippaninians. At first, it is not clear at this stage how many people will be used to using coins as payment options on Twitter. A good example is that few people use coins to buy Tesla spare parts. Therefore, such rebound is only based on the hot spot and incorrect assumption.

Because Binance participated in the Twitter recycling, the price of Shiba Inu also increased. Binance has contributed a large amount of assets, which means that the two enterprises can cooperate.

Shiba Inu price forecast analysis

The four hour chart shows that the SHIB price has been in a strong upward trend in the past few days. It is still higher than the 25 day and 50 day moving average system, while the relative strength index (RSI) is slightly lower than the overbought level.

The coin has raised the important pressure level to USD 0.000012, which is also the highest point on September 24. It also seems to be in the process of producing a double top end mode. As a result, the coin may continue to rise with both sides targeting the dual track position of US $0.000015. Later, this will fix the bullish trend.