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 $0.000021
• In 2027, the SHIB price can reach a maximum value of $0.000067.
• The price of Shiba Inu is predicted to reach a minimum value of $0.000176 in 2030.

The Shiba Inu (SHIB) cryptocurrency, originally a meme coin, has evolved into a comprehensive ecosystem with significant 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 SHIB sustain its current price momentum and solidify its position in the crypto market? Can SHIB ever reach $1?

Overview

Shiba Inu coin Price Prediction: Technical Analysis

Shiba Inu price analysis: SHIB struggles to sustain rally amid short-term holder volatility

Key takeaways

• Shiba Inu price analysis shows signs of stability after recent rally near $0.000017.
• SHIB faces resistance at $0.0000187, key level for potential further upside.
• Short-term holder activity introduces volatility, while long-term holders remain cautious.

Shiba Inu (SHIB) has recently experienced a notable price surge, driven primarily by short-term holders (STHs). However, the cryptocurrency now faces critical challenges as these investors are known to react swiftly to market fluctuations, which could introduce significant volatility to SHIB’s price. The coin is trading at $0.00001697, having registered a modest increase of 0.47% in the last 24 hours. Despite this upward movement, there are growing concerns regarding SHIB’s ability to maintain this bullish momentum in the face of selling pressure from STHs.

Over the past month, SHIB has surged by approximately 32%, a rally fueled by increased coin accumulation and reduced selling activity among STHs. These holders, who typically maintain their assets for less than a month, have increased their SHIB balance by 20%, suggesting a positive short-term outlook. However, given the historical tendency of these holders to liquidate positions rapidly during market downturns, there is a looming risk that the recent rally could quickly lose steam.

Daily chart analysis: SHIB testing key resistance and support levels

On the daily chart, SHIB is hovering near the $0.000017 mark, showing a slight recovery after recent pullbacks. The Relative Strength Index (RSI) stands at 54.00, indicating that SHIB is neither overbought nor oversold, but there is a potential for further upward movement if buying pressure continues. However, the RSI-based Moving Average at 60.96 shows that the momentum is not particularly strong, suggesting a neutral sentiment in the market.

The Moving Average Convergence Divergence (MACD) indicator is currently hovering above the zero line, with a slight positive divergence, indicating that there is still room for bullish action. However, the MACD histogram shows minimal strength, with the signal and MACD lines closely tracking each other, which points to a lack of solid momentum in either direction.

SHIB’s next major resistance lies at $0.0000187, a level it briefly tested on October 6. A successful breach of this level could pave the way for further gains, potentially pushing the price toward $0.000021, last seen on September 27. On the downside, SHIB needs to hold the support at $0.000016 if it aims to maintain its current uptrend. If sellers take control, SHIB could retrace to $0.000012 or even as low as $0.000010, a critical support area.

4-Hour Chart Analysis: Short-term holders increase volatility risk

The 4-hour chart reveals more granular insights into SHIB’s recent performance. SHIB has struggled to stay above the $0.000017 level, and the price shows signs of consolidation after peaking at $0.0000187 earlier in the week. The Exponential Moving Averages (EMAs) for 20, 50, 100, and 200 periods are aligned in a bullish pattern, with the 20-period EMA acting as immediate support at $0.00001733. Despite this support, SHIB shows signs of weakening momentum as the Awesome Oscillator (AO) has turned negative, indicating a potential shift in market sentiment.

The MACD on the 4-hour chart also shows signs of a bearish crossover, with the MACD line crossing below the signal line. The histogram is shrinking, further confirming that the bullish momentum is fading. The RSI on the 4-hour chart sits at 42.98, suggesting that SHIB is close to entering oversold territory, but the current levels indicate that there is still some room for downside movement.

If SHIB fails to hold the current support levels, it could drop to the next critical support at $0.00001619, as indicated by the 200-period EMA. A breach of this level could trigger a more significant correction toward the $0.000012 range, especially if STHs start to exit their positions.

Shiba Inu’s price action is also influenced by the performance of Shibarium, its layer-2 network. Recent data shows that Shibarium’s traction has diminished, with a notable decline in active accounts and transaction fees. The number of daily transactions on Shibarium has also dropped, raising concerns about the network’s ability to sustain long-term growth. As Shibarium plays a crucial role in burning SHIB tokens, the reduction in activity could limit the potential for SHIB’s price to appreciate due to reduced supply.

In the futures market, SHIB’s open interest has declined from $70 million earlier this month to around $44 million, indicating reduced interest from leveraged traders. This decline in open interest may reflect weakening sentiment among speculators, further contributing to the uncertainty surrounding SHIB’s short-term price action.

Shiba Inu technical indicators: Levels and action

Daily simple moving average (SMA)

Daily exponential moving average (EMA) 

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.

Recent news/opinion on Shiba Inu

• Shiba Inu is gearing up for significant developments within its ecosystem, highlighted by the imminent launch of the Bonecrusher Mainnet and the K9finance liquid staking platform on Shibarium, set to enhance SHIB’s value through increased transaction volume and a boosted total value locked (TVL)
• Shiba Inu introduces Shiboshi Rush, its third mobile game, where players strategically battle Shadowcats in an exciting tower defense adventure.
• Lucie teases a 1,000% surge in Shiba Inu assets, highlighting the ecosystem’s potential for rapid growth and expansion.

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 of market cap required. Significant demand increases and supply reductions would be necessary to approach such a price.

Will SHIB reach $10

It is highly 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 SHIB may have a promising long-term future. However, its success will depend on continued adoption, market trends, and developments within the other cryptocurrency market space.

Shiba Inu price prediction for October 2024

For October 2024, Shiba Inu (SHIB) is expected to exhibit a range of price movements. The potential low is $0.0000155, while the average price might be around $0.0000253. On the higher end, SHIB could reach up to $0.0000352.

Shiba Inu price prediction 2024

In Q4 of 2024, the minimum price of Shiba Inu will be around $0.000019. The maximum expected price for SHIB may be around $0.000021 and the average price at $0.000020.

Shiba Inu price predictions 2024-2030

Shiba Inu price prediction 2025

In 2025, Shiba Inu is expected to reach a minimum price of $0.000028, a maximum price of $0.000033 and an average price of $0.000029.

Shiba Inu price prediction 2026 

According to the SHIB price prediction for 2026, the token is predicted to reach a minimum value of $0.000039, a maximum value of $0.000048 and an average trading price of $0.000041.

Shiba Inu price prediction 2027

By 2027, Shiba Inu (SHIB) is forecasted to reach a minimum price of $0.000055, with a maximum of $0.000067 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 $0.000083 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, Shiba Inu (SHIB) is projected to reach a minimum price of $0.000120, with a potential maximum price of $0.000144 and an average trading price of $0.000123.

Shiba Inu price prediction 2030

In 2030, the price of Shiba Inu is expected to trade at a minimum value of $0.000176, a maximum value of $0.000207, and an average trading value of $0.000181.

Shiba Inu market price prediction: Analysts’ SHIB price forecast

Cryptopolitan’s Shiba Inu price prediction

According to Cryptopolitan, Shiba Inu (SHIB) could reach a maximum price of $0.000034 by the end of 2024. By 2026, the price of the Shiba Inu token is predicted to reach a minimum value of $0.000036. The price of Shiba Inu could reach a maximum value of $0.000048 with an average trading price of $0.000041.

Shiba Inu historic price sentiment

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, the price of Shiba Inu 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. The price ranged from about $0.000015 to $0.000017, showing gradual upward movement.
• At the start of October 2024, the price trades around $0.000015-$0.000017