Shiba Inu (SHIB) Price Prediction 2022 — Will SHIB Hit $0.00001 Soon?

Shiba Inu (SHIB) Price Prediction 2022 - Will SHIB Hit $0.0001 Soon?
  • Bullish SHIB price prediction is $0.00001317 to $0.00003023.
  • Shiba Inu (SHIB) price might also reach $0.00002 soon.
  • Bearish SHIB price prediction for 2022 is $0.00000723.

In Shiba Inu (SHIB) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about SHIB to analyze the future movement of the cryptocurrency.

Shiba Inu (SHIB) Current Market Status

According to CoinGecko, the price of Shiba Inu (SHIB) is $0.00000895 with a 24-hour trading volume of $115,493,202 at the time of writing. However, SHIB has decreased by nearly 1.5% in the last 24 hours.

Moreover, Shiba Inu (SHIB) has a circulating supply of 589,371,441,365,562 SHIB. Currently, Shiba Inu (SHIB) trades in cryptocurrency exchanges such as Binance, FMFW.io, Coinbase Exchange, LBank, MEXC.

What is Shiba Inu (SHIB)?

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) and thus, it is called the DOGE killer. The network is working on launching its new Defi project, Shibarium Financial Ecosystem (SHIBFE). SHIBFE is followed by the launch of its native stablecoin project, SHI. SHI is an “algo-stablecoin” pegged to a dollar.

Shiba Inu (SHIB) Price Prediction 2022

Shiba Inu (SHIB) holds the 15th position on CoinGecko right now. SHIB price prediction 2022 is explained below with a daily time frame.

SHIB /USDT Descending Channel Pattern (Source: Tradingview)

The above chart of Shiba Inu (SHIB) laid out a Descending Channel pattern.  Descending Channel pattern also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.

Currently, Shiba Inu (SHIB) is in the range of $0.00000901 If the pattern continues, the price of SHIB might reach the resistance levels of $0.00001149, $0.00001391 and $0.00001793. If the trend reverses, then the price of SHIB may fall to $0.00000836.

Shiba Inu (SHIB) Support and Resistance Levels

The chart below shows the support and resistance levels of Shiba Inu (SHIB).

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

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Shiba Inu (SHIB). 

Resistance Level 1 $0.00001317
Resistance Level 2 $0.00002019
Resistance Level 3$0.00003023
Support Level $0.00000729
SHIB /USDT Support and Resistance Levels

The charts show that Shiba Inu (SHIB)  has performed a bullish trend over the past month. If this trend continues, SHIB might run along with the bulls overtaking its resistance level at $0.00003023.

Accordingly, if the investors turn against crypto, the price of Shiba Inu (SHIB) might plummet to almost $0.00000729, a bearish signal.

Shiba Inu (SHIB) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Shiba Inu (SHIB) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of SHIB lies below the cutoff line, indicating weak participants in the current trend.

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

Also, the Moving Average (MA) of Shiba Inu (SHIB) is shown in the chart above. Notably,  Shiba Inu (SHIB) price lies below 50 MA (short-term), so it is  in a downtrend. Currently, SHIB has entered a bearish state. Therefore, there is a possibility of a reversal trend of SHIB at any time.

Meanwhile, the relative strength index (RSI) of the SHIB is 41.38. This means that Shiba Inu (SHIB) is in an oversold state. However, this means a major price reversal of SHIB may occur in the upcoming days. So, traders need to trade carefully. 

Shiba Inu (SHIB) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Shiba Inu (SHIB). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

SHIB /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Shiba Inu (SHIB). Currently, the ADX of SHIB lies in the range of 21.3905 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of Shiba Inu (SHIB). RVI measures the constant deviation of price changes over a period of time. The RVI of SHIB lies below 50, indicating low volatility. In fact, the RSI of Shiba Inu (SHIB) is at 41.38 thus confirming a potential buy signal.

Comparison of SHIB with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Shiba Inu (SHIB).

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

From the above chart, we can interpret the price changes of ETH, BTC and SHIB are moving in a similar trend. This indicates that when the price of ETH and BTC increases or decreases, the price of SHIB also increases or decreases respectively.

Shiba Inu (SHIB) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses, Shiba Inu (SHIB) might probably attain $0.00005 by 2023.

Shiba Inu (SHIB) Price Prediction 2024

With several upgrades in the network, Shiba Inu (SHIB) might enter a bullish trajectory. If the coin grabs the attention of major investors, SHIB might rally to hit $0.00005 by 2024. 

Shiba Inu (SHIB) Price Prediction 2025

If Shiba Inu (SHIB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, SHIB would rally to hit $0.0001.  

Shiba Inu (SHIB) Price Prediction 2026

If Shiba Inu (SHIB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, SHIB would rally to hit $0.0003. 

Shiba Inu (SHIB) Price Prediction 2027

If Shiba Inu (SHIB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, SHIB would rally to hit $0.0005.

Shiba Inu (SHIB) Price Prediction 2028

If Shiba Inu (SHIB) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, SHIB would hit $0.0008 in 2028.

Shiba Inu (SHIB) Price Prediction 2029

If investors flock in and continue to place their bets on Shiba Inu (SHIB), it would witness major spikes. SHIB might hit $0.001 by 2029.

Shiba Inu (SHIB) Price Prediction 2030

With greater advancements in the Shiba Inu ecosystem, the crypto community might continue to invest in SHIB for the next 8 years and drive significant price rallies for the token. Hence, Shiba Inu (SHIB) might hit $0.003 by 2030.

Conclusion

With continuous improvements in the Shiba Inu  network, we can say that 2022 is a good year for SHIB. For this reason, the bullish price prediction of Shiba Inu (SHIB) in 2022 is $0.00003023. On the other hand,  the bearish price prediction of Shiba Inu (SHIB) price prediction for 2022 is $0.00000723.

Furthermore, with the advancements and upgrades to the Shiba Inu ecosystem, the performance of SHIB would help to reach above its current all-time high (ATH) of $0.00008616 very soon. But it might also reach $0.00001 if the investors believe that SHIB is a good investment in 2022.

FAQ

1. What is Shiba Inu (SHIB)?

Shiba Inu (SHIB) is a popular memecoin which was launched in 2020 as an ERC-20 token. It is compatible on both 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 includeBinance, FMFW.io, Coinbase Exchange, LBank, MEXC.

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

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

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

On October 28, 2021, Shiba Inu (SHIB) reached its new all-time high (ATH) of $0.00008616.

5. Is Shiba Inu (SHIB) a good investment in 2022?

Shiba Inu (SHIB) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Shiba Inu in the past few months, SHIB is considered a good investment in 2022.

6. Can Shiba Inu (SHIB) reach $0.00002?

Shiba Inu (SHIB) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Shiba Inu (SHIB) will hit $0.00001 soon.

7. What will be Shiba Inu (SHIB) price by 2023?

Shiba Inu (SHIB) price is expected to reach $0.00005 by 2023.

8. What will be Shiba Inu (SHIB) price by 2024?

Shiba Inu (SHIB) price is expected to reach $0.0001 by 2024.

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

Shiba Inu (SHIB) price is expected to reach $0.0003 by 2025.

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

Shiba Inu (SHIB) price is expected to reach $0.0005 by 2026.

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as 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.