Thu, November 14

Shiba Inu (SHIB) Price Prediction 2024, 2025, 2026-2030

Shiba Inu (SHIB) Crypto Price Prediction
  • Bullish SHIB price prediction for 2023 is $0.00003311 to $0.00005113.
  • Shiba Inu (SHIB) price might reach $0.00007 soon.
  • Bearish SHIB price prediction for 2023 is $0.00001246.

In this Shiba Inu (SHIB) price prediction 2024, 2025-2030,  we will analyze the price patterns of SHIB by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.

TABLE OF CONTENTS
INTRODUCTION
  • Shiba Inu (SHIB) Current Market Status
  • What is Shiba Inu (SHIB)?
  • Shiba Inu (SHIB) 24H Technicals
SHIBA INU (SHIB) PRICE PREDICTION 2024
  • Shiba Inu (SHIB) Support and Resistance Levels
  • Shiba Inu (SHIB) Price Prediction 2024 — RVOL, MA, and RSI
  • Shiba Inu (SHIB) Price Prediction 2024 — ADX, RVI
  • Comparison of SHIB with BTC, ETH
SHIBA INU (SHIB) PRICE PREDICTION 2025, 2026, 2027-2030
CONCLUSION
FAQ

Shiba Inu (SHIB) Current Market Status

Current Price $0.00002583
24 – Hour Price Change 5.17% Up
24 – Hour Trading Volume $6.29B
Market Cap $15.07B
Circulating Supply 589.26T SHIB
All – Time High $0.00008845 (On Oct 28, 2021)  
All – Time Low $0.00000000008165 (On Sep 01, 2020)  
SHIB Current Market Status (Source: CoinMarketCap)

What is Shiba Inu (SHIB)

TICKERSHIB
BLOCKCHAINEthereum
CATEGORYDecentralized cryptocurrency
LAUNCHED ONAugust 2020
UTILITIESGovernance, Fast Transactions, gas fees & rewards

Shiba Inu (SHIB) was launched on the Ethereum blockchain and also resides on the Binance Smart Chain (BSC). This popular memecoin was developed and launched in 2020 by a pseudonymous founder Ryoshi. Shiba Inu exists as a potential contender to the largest memecoin, Dogecoin (DOGE).

The Shiba Inu ecosystem will likely launch its layer-2 blockchain called Shibarium by 2023. In March 2023, Shibarium Beta – named Puppynet – was launched. Alongside SHIB, Bone ShibaSwap (BONE) and Doge Killer (LEASH) are other tokens of the Shiba Inu ecosystem.

Shiba Inu 24H Technicals

(Source: TradingView)

Shiba Inu (SHIB) Price Prediction 2024

Shiba Inu (SHIB) ranks 12th on CoinMarketCap in terms of its market capitalization. The overview of the Shiba Inu price prediction for 2024 is explained below with a daily time frame.

SHIB/USDT Ascending Triangle Pattern (Source: TradingView)

In the above chart, Shiba Inu (SHIB) laid out a double-top pattern is a bearish reversal formation that occurs after an extended uptrend. It consists of two peaks at roughly the same price level, separated by a moderate pullback. The pattern suggests that the buying pressure has weakened, and the price is likely to reverse downward. As the price reaches the second peak, it fails to break the previous high, signaling exhaustion in the uptrend.

The neckline, which is the support level formed by the trough between the peaks, is crucial. A break below the neckline confirms the pattern and indicates a potential move lower.

At the time of analysis, the price of Shiba Inu (SHIB) was recorded at $0.00002583. If the pattern trend continues, then the price of SHIB might reach the resistance levels of $0.00002936, and $0.00004390. If the trend reverses, then the price of SHIB may fall to the support of $0.00001330.

Shiba Inu (SHIB) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Shiba Inu (SHIB) in 2024.

SHIB/USDT Resistance and Support Levels (Source: TradingView)

From the above chart, we can analyze and identify the following as resistance and support levels of Shiba Inu (SHIB) for 2024.

Resistance Level 1$0.00003311
Resistance Level 2$0.00005113
Support Level 1$0.00002026
Support Level 2$0.00001246
SHIB Resistance & Support Levels

Shiba Inu (SHIB) Price Prediction 2024 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Shiba Inu (SHIB) are shown in the chart below.

SHIB/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the current Shiba Inu (SHIB) market in 2024.

INDICATORPURPOSEREADINGINFERENCE
50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.00001826
Price = $0.00002583
(50MA < Price)
Bullish/Uptrend
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions78.98
<30 = Oversold
50-70 = Neutral
>70 = Overbought
Overbought
Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesAbove cutoff lineStrong volume

Shiba Inu (SHIB) Price Prediction 2024 — ADX, RVI

In the below chart, we analyze the strength and volatility of Shiba Inu (SHIB) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).

SHIB/USDT RVOL, MA, RSI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Shiba Inu (SHIB).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum23.97Strong Trend
Relative Volatility Index (RVI)Volatility over a specific period47.42
<50 = Low
>50 = High
Low Volatility

Comparison of SHIB with BTC, ETH

Let us now compare the price movements of Shiba Inu (SHIB) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs SHIB Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of SHIB is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of SHIB also increases or decreases respectively.

Shiba Inu (SHIB) Price Prediction 2025, 2026 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Shiba Inu (SHIB) between  2025, 2026, 2027, 2028, 2029, and 2030.

Year Bullish Price Bearish Price
Shiba Inu (SHIB) Price Prediction 2025$0.0002$0.000006
Shiba Inu (SHIB) Price Prediction 2026$0.0004$0.000005
Shiba Inu (SHIB) Price Prediction 2027$0.0008$0.000004
Shiba Inu (SHIB) Price Prediction 2028$0.001$0.000003
Shiba Inu (SHIB) Price Prediction 2029$0.005$0.000002
Shiba Inu (SHIB) Price Prediction 2030$0.008$0.000001

Conclusion

If Shiba Inu (SHIB) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Shiba Inu (SHIB) price prediction for 2024 is $0.00003311. Comparatively, if unfavorable sentiment is triggered, the bearish Shiba Inu (SHIB) price prediction for 2024 is $0.00000759. 

If the market momentum and investors’ sentiment positively elevates, then Shiba Inu (SHIB) might hit $0.0001. Furthermore, with future upgrades and advancements in the Shiba Inu ecosystem, SHIB might surpass its current all-time high (ATH) of $0.00008845, and mark its new ATH.

FAQ

1. What is Shiba Inu (SHIB)?

Shiba Inu (SHIB) is a popular memecoin that was launched in 2020 as an ERC-20 token. It is compatible with both the Ethereum blockchain and Binance Smart Chain (BSC).

2. Where can you purchase Shiba Inu (SHIB)?

Shiba Inu (SHIB) has been listed on many crypto exchanges which include Binance, Bybit, OKX, UZX, and Bitget.

3. Will Shiba Inu (SHIB) reach a new ATH soon?

With the ongoing developments and upgrades within the Shiba Inu Platform, SHIB has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Shiba Inu (SHIB)?

On Oct 28, 2021, Shiba Inu (SHIB) reached its new all-time high (ATH) of $0.00008845.

5. What is the lowest price of Shiba Inu (SHIB)?

According to CoinMarketCap, SHIB hit its all-time low (ATL) of $0.00000000008165, On Sep 01, 2020.

6. Will Shiba Inu (SHIB) reach $0.0001?

If Shiba Inu (SHIB) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.0001 soon.

7. What will be Shiba Inu (SHIB) price by 2025?

Shiba Inu (SHIB) price is expected to reach $0.0002 by 2025.

8. What will be Shiba Inu (SHIB) price by 2026?

Shiba Inu (SHIB) price is expected to reach $0.0004 by 2026.

9. What will be Shiba Inu (SHIB) price by 2027?

Shiba Inu (SHIB) price is expected to reach $0.0008 by 2027.

10. What will be Shiba Inu (SHIB) price by 2028?

Shiba Inu (SHIB) price is expected to reach $0.001 by 2028.  


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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.