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
| Cryptocurrency | Shiba Inu |
| Token | SHIB |
| Price | $0.0000282 |
| Market Cap | $17.69B |
| Trading Volume | $3.43B |
| Circulating Supply | 589.51T 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
| Metric | Value |
| Price Prediction | $ 0.00002962 (3.56%) |
| Volatility | 14.56% |
| 50-Day SMA | $ 0.00002141 |
| 14-Day RSI | 69.35 |
| Sentiment | Bullish |
| Fear & Greed Index | 76 (Extreme greed) |
| Green Days | 17/30 (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.
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)
| Period | Value | Action |
| SMA 3 | $ 0.00002589 | BUY |
| SMA 5 | $ 0.00002597 | BUY |
| SMA 10 | $ 0.00002541 | BUY |
| SMA 21 | $ 0.00002543 | BUY |
| SMA 50 | $ 0.00002141 | BUY |
| SMA 100 | $ 0.00001842 | BUY |
| SMA 200 | $ 0.00001952 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 0.00002439 | BUY |
| EMA 5 | $ 0.00002282 | BUY |
| EMA 10 | $ 0.00002089 | BUY |
| EMA 21 | $ 0.00001919 | BUY |
| EMA 50 | $ 0.00001741 | BUY |
| EMA 100 | $ 0.00001701 | BUY |
| EMA 200 | $ 0.00001721 | BUY |
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.
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.
| Month | Potential low | Potential average | Potential 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.
| Year | Potential low | Potential average | Potential high |
| 2024 | $0.000017 | $0.000018 | $0.000019 |
Shiba Inu price predictions 2024-2030
| Year | Minimum price | Average price | Maximum 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 market price prediction: Analysts’ SHIB price forecast
| Firm Name | 2024 | 2025 |
| 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
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.
