Will Shiba Inu Price Hit ATH In March After Trump Crypto Summit?
Shiba Inu (SHIB) price a popular meme-based coin, holds above the $0.000013 support level. The price has seen slight gains in the past 24 hours as market sentiment improves. BTC surged 5% during the same period, driving broader market optimism. The price increase has fueled bullish momentum across various cryptos, including SHIB. Speculation is rising ahead of the Trump Crypto Summit on March 7. Analysts are closely watching whether this event could trigger a significant price rally.
Can Shiba Inu Price Hit ATH After Crypto Summit This Month?
Shiba Inu price could experience a significant shift following the upcoming White House Crypto Summit on March 7. The event, hosted by U.S. President Donald Trump, will gather key industry figures, including Robinhood CEO Vlad Tenev. His presence has sparked speculation about the potential impact on SHIB.
Tenev is expected to highlight SHIB’s advancements. The token has expanded beyond its meme coin origins, evolving into a broader ecosystem. Discussions at the summit could influence market sentiment, potentially driving SHIB’s price movement.
The event may also bring broader implications for the crypto market. Some believe Trump could announce policies favoring digital assets, including discussions on a possible U.S. Bitcoin reserve.
Market watchers are closely following developments to assess their effects on SHIB and other cryptocurrencies.
With anticipation growing, SHIB supporters are eager to see if the summit could trigger a notable price surge in the coming days.
Great choice, @vladtenev, to speak about the meme economy and also represent SHIB at the White House.
Hope he mentions the progress SHIB has made in terms of innovation and transition to full Ecosystem pic.twitter.com/OluyVXMseo
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) March 5, 2025
Is a Breakout Above $0.00001500 Coming For SHIB Price?
The latest SHIB price is trading at $0.00001325, reflecting a 1.38% increase. The 4-hour chart indicates key resistance at $0.000015 while support remains near $0.00001. A move above resistance could trigger bullish momentum toward $0.00001800 and $0.00002. And if bullish gets more power after the Trump crypto summit, the SHIB could revisit ist ATH.
The MACD line has crossed above the signal line, signaling potential upward momentum. The histogram shows a reduction in selling pressure, indicating possible bullish activity. However, sustained movement above $0.00001350 is required for further confirmation.
The RSI is currently at 47, suggesting neutral market conditions. If the Shiba Inu price forecast maintains its position above $0.000013, buyers might aim for $0.000015. A drop below $0.00001250 could lead to a test of lower supports around $0.00001.
To sum up, the Shiba Inu price action remains a key focus ahead of the Trump Crypto Summit. If sentiment turns bullish, SHIB may attempt a breakout to ATH. Investors are closely monitoring developments to assess potential price movements in the coming days.
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