Kishu Inu Price Retraces 200 EMA: Have Bears Reclaimed Dominance?

Kishu Inu crypto price recovered the Intraday losses and turned positive in the Afternoon. The bulls seem to be attempting to stay above the key exponential moving average of 200 days. However, the upside potential is falling after the formation of each lower high. 

Kishu Inu is a cryptocurrency inspired by Dogecoin (DOGE) which is a very popular meme coin. It features as its logo and and is a purely serious attempt at creating value rather than being a joke. 

It aims to be a real currency that has wide acceptance and can be governed by its community. It also wants to promote new trends in the crypto space, such as non fungible tokens, decentralized finance. 

Kishu Inu Crypto Price Technical Analysis

KISHU crypto triggered a dip in buying pressure at the recent support and is highlighting a slow recovery after yesterday’s fall. The bulls have recovered from the morning fall but lack of momentum is likely to push the price higher. 

From a technical perspective, the price has reverted to the multi-week low, which now coincides with the 200-Day exponential moving average. Moreover, the 20-Day and 50-Day EMAs, (the short terms EMAs) are hovering above the CMP. The 20-Day and 50-Day EMAs may act as a resistance and turn out to be a selling zone for the bears. 

Kishu inu price currently trades with a mild positive bias near the recent support but lacks bullish conviction. The price has some room for upside before entering a structural downward. 

Kishu Inu Price Prediction January 2024

The long-term trend for the KISHU token is neutral and might turn bearish if the price falls below the 200 EMA. On the most optimistic note, the KISHU price may reach a high of $0.000000000362 signifying an upside potential of approx 20%. The pessimistic view of analysts assumes the price could drop to a low of $0.000000000235.

Kishu Inu Price Prediction 2024

The price prediction for 2024 shows that  KISHU crypto may advance to a high of $0.000000000570 by the end of year 2024. Whereas, the less optimistic analysts estimate a price target of $0.000000000433 by the end of year 2024. 

Kishu Inu Price Prediction 2025

By the next two years, the Kishu Inu cryptocurrency price may have surged over 132.2% as per the most optimistic view of analysts. The price could reach a high of $0.000000000969. The pessimistic view hopes for the price to reach a high of $0.000000000624. 

Kishu Inu Price Prediction 2026 

On the most optimistic note, Kishu Inu crypto could gain to a high of $0.000000001264 in the year 2026. On the other hand, the most pessimistic prediction of our analysts is for the price to reach $0.00000000105. 

Kishu Inu Price Prediction 2027

By the year 2027, Kishu Inu cryptocurrency is expected to reach a high of $0.00000000171 as per the bullish view of analysts. Analysts with a bearish view expect the price to reach $0.000000000139 by the end of 2027. 

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.