🔥 Land A High Paying Web3 Job In 90 Days LEARN MORE

Shiba Inu coin price prediction 2024-2030: Is SHIB skyrocketing soon?

Key takeaways

  • In 2024, the Shiba Inu coin price prediction could reach a maximum value of $0.000020
  • In 2027, the SHIB price can reach a maximum value of $0.000069.
  • The price of Shiba Inu is predicted to reach a minimum value of $0.000174 in 2030.

The Shiba Inu (SHIB) cryptocurrency, originally a meme coin, has evolved into a comprehensive ecosystem with significant growth and utility. Key components include ShibaSwap, a decentralized exchange, and Shibarium, a Layer 2 solution to enhance scalability. These developments have boosted SHIB’s adoption and functionality.

As SHIB’s ecosystem grows, questions arise about its future price trajectory. Will the advancements in ShibaSwap and Shibarium drive SHIB to new highs? Can Sn HIB sustain its current price momentum and solidify its position in the crypto market? Can SHIB ever reach $1?

Overview

CryptocurrencyShiba Inu
TokenSHIB
Price$0.0000282
Market Cap$17.69B
Trading Volume$3.43B
Circulating Supply589.51T SHIB
All-time High$0.00008845 (Oct 27, 2021)
All-time Low$0.00000000008165 (Aug 31, 2020)
24-hour high$0.0000307
24-hour low$0.00002714

Shiba Inu coin Price Prediction: Technical Analysis

MetricValue
Price Prediction$ 0.00002962  (3.56%)
Volatility14.56%
50-Day SMA$ 0.00002141
14-Day RSI69.35
SentimentBullish
Fear & Greed Index76 (Extreme greed)
Green Days17/30 (57%)
200-Day SMA$ 0.00001952

Shiba Inu Price Analysis: Shiba Inu (SHIB) Faces Bearish Pressure Amid 1.40% Daily Drop

TL;DR Breakdown

  • Shiba Inu faces bearish sentiment, failing to sustain momentum above $0.00003150.
  • The support level at $0.00002955 will be crucial in determining further downside risk.
  • Resistance at $0.00003150 needs to be broken for a bullish recovery.

Shiba Inu (SHIB) is trading at $0.00003081, reflecting a 1.40 decline in the last 24 hours. Despite slight upward movements earlier in the day, the token’s price struggled to break above the $0.00003150 resistance level, indicating limited buying momentum. The intraday low of $0.00002955 suggests that bearish sentiment remains prevalent, with selling pressure dominating short-term market activity.

The daily chart indicates weak recovery attempts as SHIB hovers near its lower support levels. The key support is established at $0.00002955, which, if breached, could lead to further declines. On the upside, the resistance level at $0.00003150 is a critical barrier to sustained price recovery.

Shiba Inu 1-day price chart: SHIB shows bullish momentum as RSI nears overbought zone

Shiba Inu (SHIB) displays signs of bullish continuation on the 1-day price chart, currently trading at $0.00003079. The price has maintained an upward trajectory since late October, forming higher highs and lows.

The strong bounce from the $0.00002955 support in mid-November has propelled SHIB closer to testing its next resistance level at $0.00003150 However, a slight slowdown in momentum suggests that bulls may face challenges in maintaining dominance as the price nears key psychological levels.

SHIB shows bullish momentum as RSI nears overbought zone

The Relative Strength Index (RSI) stands at 63.98, inching closer to the overbought territory (above 70), which indicates intense buying pressure but hints at potential short-term exhaustion.

The MACD (Moving Average Convergence Divergence) remains in bullish territory, with the MACD line staying above the signal line and showing steady positive histogram bars. This suggests continued upward momentum, though traders should watch for any signs of weakening strength. The chart points toward a bullish trend, albeit cautiously, as overbought signals emerge.

Shiba Inu 4-hour price: SHIB consolidates as bullish momentum slows in the short-term

Shiba Inu (SHIB) is trading at $0.00003079, showing signs of consolidation within a narrow range after failing to break past the $0.00003150 resistance level. The 4-hour chart highlights reduced volatility as the price hovers near key support at $0.00002955, indicating indecision among traders. The previous bullish momentum has weakened, with SHIB lacking the strength to sustain its recent upward trajectory. However, the continuation of higher lows suggests that bulls may attempt a breakout if trading volume increases.

See also  Flow price prediction 2024-2030: Is FLOW a good investment?

The Relative Strength Index (RSI) is currently at 53.15, reflecting neutral momentum as it moves within the mid-range between overbought (70) and oversold (30) levels.

Meanwhile, the MACD (Moving Average Convergence Divergence) shows a weakening bullish crossover, with the MACD line flattening near the signal line and reduced histogram bars, indicating fading upward pressure. SHIB is at a critical juncture, with a breakout above $0.00003000 signaling a bullish continuation, while a breakdown below $0.00004000 could trigger further declines.

Shiba Inu technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValueAction
SMA 3$ 0.00002589BUY
SMA 5$ 0.00002597BUY
SMA 10$ 0.00002541BUY
SMA 21$ 0.00002543BUY
SMA 50$ 0.00002141BUY
SMA 100$ 0.00001842BUY
SMA 200$ 0.00001952BUY

Daily exponential moving average (EMA) 

PeriodValueAction
EMA 3$ 0.00002439BUY
EMA 5$ 0.00002282BUY
EMA 10$ 0.00002089BUY
EMA 21$ 0.00001919BUY
EMA 50$ 0.00001741BUY
EMA 100$ 0.00001701BUY
EMA 200$ 0.00001721BUY

What to expect from Shiba Inu price analysis

Shiba Inu price analysis shows bearish conditions in the short term, with resistance and support levels at $0.00003150 and $0.00002955, respectively. If SHIB prices break through the resistance level, bullish momentum could form. On the other hand, if SHIB loses ground beyond the support level, further losses could occur.

Is Shiba Inu a good investment?

Shiba Inu (SHIB) shows potential as a promising investment due to key developments like Coinbase Derivatives launching SHIB futures contracts, and Binance supporting SHIB with multiple spot pairs. Grayscale’s recognition of SHIB also enhances its credibility, while a 6,000% surge in SHIB’s burn rate boosts market sentiment. Upcoming events, such as the Bitcoin conference and Welly’s expansion inspired by Shiba Inu, further support a bullish outlook, making SHIB an attractive option for investors seeking portfolio diversification.

Will Shiba Inu recover?

Shiba Inu is experiencing fluctuations with a recent upward trend; there are signs of potential recovery.

Will SHIB reach $1?

Reaching $1 for Shiba Inu (SHIB) is highly unlikely due to its massive circulating supply and the unrealistic market cap. Significant demand increases and supply reductions would be necessary to approach such a price.

Will SHIB reach $10

It is unlikely that SHIB will reach $10 due to its enormous circulating supply and the unrealistic market capitalization required to achieve this feat.

Will SHIB reach $100?

Reaching $100 for SHIB is virtually impossible due to its vast circulating supply and the astronomically high market capitalization it would necessitate.

Does SHIB have an excellent long-term future?

SHIB shows some positive movement, suggesting the SHIB ecosystem may have a promising long-term future. However, its success will depend on continued adoption, broader market adoption trends, and developments within the other cryptocurrency market space.

Recent news/opinion on Shiba Inu

  • Shiba Inu introduces a burn contract at block 8,200,512, aiming to drive deflationary tokenomics by reducing token supply and enhancing SHIB’s value and scarcity.
  • The Shibarium ecosystem undergoes a major upgrade, including updates to the Heimdall and Bor hardforks for compatibility with Ethereum’s Dencun hardfork.
  • TREAT, a utility-focused token, is set to launch as the gas and reward token for Shiba Inu’s upcoming Layer-3 privacy blockchain.
See also  SEI price prediction 2024-2030: Time to buy SEI?

This follows a successful $12 million fundraiser and promises to redefine the network’s functionality and value. Shytoshi Kusama, Shiba Inu’s lead, has teased its release with cryptic updates, urging the community to prepare for a strategic “memlitary operation.”

Shiba Inu price prediction for December 2024

Shiba Inu (SHIB) is expected to show a variety of price fluctuations through December 2024. The potential low is $0.000030, while the average price might be around $0.000036. SHIB could reach up to $0.000040 as the highest expected price.

MonthPotential lowPotential averagePotential high
December$0.000030$0.000036$0.000040

Shiba Inu price prediction 2024

In Q4 of 2024, the minimum price of Shiba Inu will be around $0.000017. The maximum expected price for SHIB may be around $0.000019 and the average price at $0.000018.

YearPotential lowPotential averagePotential high
2024$0.000017$0.000018$0.000019

Shiba Inu price predictions 2024-2030

YearMinimum priceAverage priceMaximum price
2025$0.000024$0.000025$0.000030
2026$0.000035$0.000036$0.000042
2027$0.000055$0.000057$0.000062
2028$0.000082$0.000085$0.000096
2029$0.000120$0.000124$0.000144
2030$0.000173$0.000178$0.000204

Shiba Inu price prediction 2025

In 2025, Shiba Inu is expected to reach a minimum price of $0.000024, a maximum price of $0.000030 and an average price of $0.000025.

Shiba Inu price prediction 2026 

According to the Shiba Inu for 2026, the token is predicted to reach a minimum value of $0.000035, a maximum value of $0.000042, and an average trading price of $0.000036.

Shiba Inu price prediction 2027

By 2027, Shiba Inu (SHIB) is forecasted to reach a minimum price of $0.000055, with a maximum of $0.000062 and an average price of $0.000057.

Shiba Inu price prediction 2028

The price of Shiba Inu is predicted to reach a minimum value of $0.000082 in 2028. Investors can expect a maximum value of $0.000096 and an average trading price of $0.000085.

Shiba Inu coin price prediction 2029

By 2029, SHIB price prediction suggests Shiba Inu could reach a minimum price of $0.000120, with a potential maximum price of $0.000144 and an average trading price of $0.0001224.

Shiba Inu price prediction 2030

In 2030, the SHIB coin prediction suggests the price of Shiba Inu will trade at a minimum value of $0.000173, a maximum value of $0.000204, and an average trading value of $0.000178.

Shiba Inu price prediction 2024 - 2030
Shiba Inu price prediction 2024 – 2030

Shiba Inu market price prediction: Analysts’ SHIB price forecast

Firm Name20242025
Gov.Capital$0.000021$0.000025
DigitalCoinPrice$0.0000652$0.0000773
Technewsleader$0.000023$0.000030

Cryptopolitan’s Shiba Inu price prediction

According to Cryptopolitan’s Shiba Inu price forecast, SHIB could reach a maximum price of $0.000019 by the end of 2024. By 2026, the price of the Shiba Inu token is predicted to reach a minimum value of $0.000035. Shiba Inu’s rise in price could take it to a maximum price level of $0.000204 with an expected average trading price of $0.000178  by 2030.

Shiba Inu historic price sentiment

SHIBA Inu price history
SHIB price history; Source: Coinmarketcap

SHIB price history; Source: Coinmarketcap

  • Memecoin Shiba Inu’s price grew by over 300 percent within the same month, marking a trading fury reminiscent of Dogecoin in early 2021.
  • Shiba Inu’s price history from 2022 to mid-2024 has experienced several notable fluctuations.
  • At the beginning of 2022, Shiba Inu’s price action was relatively low, trading around $0.000025.
  • In May 2022, the price sharply declined, dropping to approximately $0.000008.
  • Throughout the rest of 2022, Shiba Inu’s price remained relatively stable, fluctuating between $0.000007 and $0.000010.
  • In early 2023, there was a brief spike in February, where the price peaked at $0.000015. However, this was followed by a gradual decline, and by June 2023, the price stabilized around $0.000010.
  • In March 2024, Shiba Inu experienced another surge, reaching a high of $0.000045. This increase was short-lived, and in June 2024, the token is consolidating within the $0.0000173 – $0.00002933 price range.
  • In July 2024, Shiba Inu experienced a price range of around $0.000015.
  • Shiba Inu experienced a slight price recovery around August, with some upward momentum in the market sentiments. The price ranged from about $0.000015 to $0.000017, showing gradual upward movement.
  • At the start of October 2024, the SHIB token has been trading at around $0.000015-$0.000017.
  • In December 2024, Shiba Inu is trading in a range of around $0.000027-$0.000031.

FAQs

Where can I buy Shiba Inu?

You can buy Shiba Inu on  Uniswap decentralized exchange and Binance cryptocurrency exchanges.

What are Shiba Inu dogs?

Shiba Inus are a type of short dog with prick ears, short paws white markings on their face and chest (white ventral collar) and a brown outer coat with a spirited boldness and good nature. Shibas were originally bred in Japan to hunt small game and dog sports. Their grooming requires regular bathing and daily brushing unlike most breeds (Other dogs). It is a number 1 companion dog after undergoing obedience training. Hip dysplasia is one of the common health conditions for Shibas. Organizations involved with Shibas include the American kennel club, the national breed club, and the Shiba Inu rescue association.

Where can I buy Shiba Inu coins?

You can buy Shiba Inu at Binance, Okex and Bitfinex.

Share link:

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Editor's choice

Loading Editor's Choice articles...
Cryptopolitan
Subscribe to CryptoPolitan