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

Key takeaways

  • In 2024, the Shiba Inu price could reach a maximum value of $0.000018.

 

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 momentum and solidify its position in the crypto market? Can SHIB ever reach $1?

Overview

Cryptocurrency

Shiba Inu

Token

SHIB

Price

$0.00001688

Market Cap

$9,964,881,729

Trading Volume

$213,079,799

Circulating Supply

589,270,746,074,984

All-time High

$0.00008845  Oct 27, 2021

All-time Low

$0.00000000008165  Aug 31, 2020

24 High

$0.00001546

24 Low

$0.00001296

Shiba Inu price prediction: Technical analysis


Metric

Value

Price Prediction

$ 0.00001428  (-4.64%)

Volatility

14.79%

50-Day SMA

$0.00002175

14-Day RSI

29.04

Sentiment

Bearish

Fear & Greed Index

26 (Fear)

Green Days

11/30 (37%)

200-Day SMA

$0.00001922

Today’s Shiba Inu price is $0.00001938, with a 24-hour trading volume of $520,305,081. Shiba Inu has risen to 3.01% in the last 24 hours. The current CoinMarketCap ranking is 12, with a live market cap of $11,489,971,665 . It has a circulating supply of 589,270,743,113,994 SHIB coins, and the max. Supply is not available.

Shiba Inu price analysis: SHIB at $0.00001938 as bullish pressure takes over

  • Shiba Inu price analysis is bullish today
  • Resistance for SHIB/USD is present at $0.00001981
  • Support has been stable at $0.00001848

The Shiba Inu price analysis is bullish for today. As further progress has been reported, the SHIB/USD price has been unrestrained from bearish pressure. The price has been rallying since the afternoon of the trading session as bulls aim for a break above the $0.00001900 level. 

However, some selling pressure is also expected as this is a crucial resistance level. The price has already reached $0.00001938, with a daily gain of 3.01 percent. On the downside, support for SHIB/USD is present at $0.00001848, which has been steadily holding since yesterday. Any break below this level could cause more losses in the near term. 

SHIB/USD 1-day price chart: Bullish momentum stimulates as the price is heading for an upwards break

The SHIB/USD price chart shows that the bulls have started to push the price upwards, as a bullish trend line can be seen forming. The bears have been pushing the cost down for most of this week, but the current rally indicates that a break above $0.00001900 is possible if it can maintain its momentum. Finally, the trading volume is increasing, which suggests that more traders are entering the market. 

SHIB/USD 1-day price chart Source: TradingView

The technical indicators on the chart also show that momentum is building. The RSI has reached 59.06, which is higher than it was yesterday and reveals that bulls are in control of the market currently. The MACD shows a bullish crossover, as the signal line is above the histogram, indicating a possible upward breakout soon. 

The Bollinger bands are widening, suggesting increased volatility in the market. The upper Bollinger Band is at $0.00001694, which could be the resistance level bulls are attempting to break, while the lower Bollinger Band is at $0.00001444, which could be a support level in case of a pullback. 

Shiba Inu price analysis: Bullish momentum to take hold

The Shiba Inu price analysis four-hour chart shows that this cryptocurrency is in a strong bullish trend. The bulls are pushing for a break above $0.00001900 to take control of the market. Recently, the MACD indicator gave a positive crossover as the token price bounced off the short-term demand zone. The blue line crossed the orange on the upside, indicating bullish momentum. 

SHIB/USD 4-hour price chart Source: TradingView

The relative strength index (RSI) has been increasing steadily, which indicates that bullish pressure is getting stronger, and more traders are entering the market. The 20-EMA is also showing upward movement, revealing that the bulls are in control of the market. 

The Bollinger bands are widening, suggesting increased volatility in the market. The upper Bollinger Band is $0.00001846, while the lower Bollinger Band is $0.00001660.

Shiba Inu technical indicators: Levels and action

Daily simple moving average (SMA)

Period

Value

Action

SMA 3

$0.00001591

BUY

SMA 5

$0.00001592

BUY

SMA 10

$0.00001677

SELL

SMA 21

$0.00001791

SELL

SMA 50

$0.00002158

SELL

SMA 100

$0.00002340

SELL

SMA 200

$0.00001925

SELL

Daily exponential moving average (EMA) 

Period

Value

Action

EMA 3

$0.00001690

SELL

EMA 5

$0.00001716

SELL

EMA 10

$0.00001779

SELL

EMA 21

$0.00001930

SELL

EMA 50

$0.00002149

SELL

EMA 100

$0.00002189

SELL

EMA 200

$0.00001962

SELL

What to expect from Shiba Inu price analysis

Overall, the trend suggests that SHIB/USD will continue to increase in value if buyers can maintain their bullish pressure and push past the resistance level of $0.00001981. The technical indicators show bullish momentum, which could lead to a breakout shortly. The short-term outlook is still positive as the trend line formation suggests that there will be more gains in the future.

Recent news/opinion on Shiba Inu

  • DEXToolsApp now supports ShibaSwap

Is Shiba Inu a good investment?

Shiba Inu (SHIB) has shown potential as a worthwhile investment, driven by several key factors that could spark a significant rally in its price. Despite delisting a low-volume trading pair, Binance continues to support SHIB despite maintaining eight active spot pairs including SHIB/USDT. Coinbase Derivatives plans to launch a regulated futures contract for SHIB, potentially increasing investor exposure starting July 15. Additionally, Grayscale has spotlighted SHIB among the top 10 most valuable assets, enhancing its visibility and credibility in the market.

Recent data reveals a 6,000% surge in SHIB’s burn rate, reducing supply and fostering positive market sentiment. The upcoming Bitcoin conference featuring Donald Trump and Welly’s fast-food chain expansion inspired by Shiba Inu further adds to the bullish outlook. Although SHIB remains volatile, these developments suggest a promising future for the token, making it an intriguing option for investors looking to diversify their cryptocurrency portfolio.

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 capitalization 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.

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 a good 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 cryptocurrency space.

Shiba Inu price prediction for July 2024

Based on the price fluctuations of Shiba Inu at the beginning of July 2024, the average SHIB rate is expected to be $0.00001688. Its minimum and maximum prices can be expected at $0.0000158 and $0.00001713, respectively.

Shiba Inu price prediction

Potential Low

Potential Average

Potential High

Shiba Inu price prediction for July 2024

$0.0000158

$0.00001688

$0.00001713

Shiba Inu price prediction 2024

In 2024, the minimum price of Shiba Inu will be around $0.0000158. The maximum expected price for SHIB may be around $0.00001713. On average, the trading price might be $0.00001688.

Shiba Inu price prediction

Potential Low

Potential Average

Potential High

Shiba Inu price prediction 2024

$0.0000158

$0.00001688

$0.00001713

Shiba Inu price prediction 2024-2030

 

Year

Minimum

Average

Maximum

2025

$0.000022

$0.000023

$0.000028

2026

$0.000032

$0.000034

$0.000040

2027

$0.000047

$0.000048

$0.000057

2028

$0.000067

$0.000070

$0.000083

2029

$0.000097

$0.000100

$0.000115

2030

$0.000140

$0.000145

$0.000167

Shiba Inu Price Prediction 2025

Shiba Inu price is forecast to reach a lowest possible level of $0.000022 in 2025. As per findings, the SHIB price could reach a maximum possible level of $0.000028 with the average forecast price of $0.000023.

SHIB Price prediction 2026 

The price of Shiba Inu is predicted to reach at a minimum value of $0.000032 in 2026. The Shiba Inu price could reach a maximum value of $0.000040 with the average trading price of $0.000034 throughout 2026.

Shiba Inu (SHIB) Price Prediction 2027

As per the forecast price and technical analysis, In 2027 the price of Shiba Inu is predicted to reach at a minimum level of $0.000047. The SHIB price can reach a maximum level of $0.000057 with the average trading price of $0.000048.

Shiba Inu Price Prediction 2028

The price of Shiba Inu is predicted to reach at a minimum value of $0.000067 in 2028. The Shiba Inu price could reach a maximum value of $0.000083 with the average trading price of $0.000070 throughout 2028.

Shiba Inu Price Prediction 2029

The price of Shiba Inu is expected to reach at a minimum level of $0.000097 in 2029. The SHIB price can reach a maximum level of $0.000115 with the average price of $0.000100 throughout 2029.

Shiba Inu (SHIB) Price Prediction 2030

In 2030 the price of Shiba Inu is forecasted to be at around a minimum value of $0.000140. The Shiba Inu price value can reach a maximum of $0.000167 with the average trading value of $0.000145 in USD.

Shiba Inu market price prediction: Analysts’ SHIB price forecast

Firm Name20242025
Gov.Capital$0.000185$0.00021275
DigitalCoinPrice$0.000397$0.000145
Technewsleader$0.00013855$0.00052422

Cryptopolitan’s Shiba Inu price prediction

According to Cryptopolitan, Shiba Inu (SHIB) may reach a maximum price of $0.000034 by 2024. By 2026, the price of Shiba Inu is predicted to reach a minimum value of $0.000076 in 2026. The Shiba Inu price could reach a maximum value of $0.000088 with an average trading price of $0.000078.

Shiba Inu historic price sentiment

SHIB price history; Source: Coinmarketcap
  • Memecoin Shiba Inu saw its price grow 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 saw a sharp decline, dropping to approximately $0.000008.
  • Throughout the rest of 2022, Shiba Inu’s price remained fairly 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.
  • Moving into 2024, Shiba Inu experienced another surge in March, 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.

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.

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.

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