Shiba Inu (SHIB) Price Prediction 2022 – Will SHIB Hit $0.00008 Soon?

  • Bullish SHIB price prediction is $0.00001273 to $0.00003002.
  • The SHIB price will also reach $0.00008 soon.
  • SHIB bearish market price prediction for 2022 is $0.00000571.

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 $0.00001160 with a 24-hour trading volume of $628,049,657 at the time of writing. However, SHIB has decreased by nearly 2% in the last 24 hours.

Moreover, SHIB has a circulating supply of 589,389,912,200,508 SHIB. Currently, SHIB trades in cryptocurrency exchanges such as Binance, Coinbase, ZB.COM, WhiteBIT, KuCoin, FMFW.io, and OKX.

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 is the DOGE killer and competent with the largest memecoin DOGE. 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 53rd position on CoinGecko right now. SHIB price prediction 2022 is explained below with a daily time frame.

SHIB/USDT Falling Wedge Pattern (Source: Tradingview)

The above chart of Shiba Inu (SHIB) laid out the falling wedge pattern. In a falling wedge pattern, both the upper trend line that connects the highs and the lower trend line which connects the lows converge downwards. Generally, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing.

From the above chart, we can interpret that the momentum of the downtrend has slowed down. Evidently, SHIB has laid a breakout candle and breached its previous resistance level of $0.00000890. 

Currently, Shiba Inu (SHIB) is in the range of $0.000011. If the pattern continues, the price of SHIB might reach the resistance level of $0.00001313, $0.00001680, and might hit its target at $0.00002217. If the trend reverses, the price of SHIB may fall to $0.00000890 & $0.00000724.

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 Level (Source: TradingView)

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

Resistance Level 1$0.00001273
Resistance Level 2$0.00002014
Resistance Level 3$0.00003002
Support Level 1$0.00000743
Support Level 2$0.00000571
SHIB Resistance & Support Level

The charts show that 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 $0.00001273.

Accordingly, if the investors turn against the crypto, the price of the SHIB might plummet to almost $0.00000571, 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 below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of SHIB lies below the cutoff line, indicating weak participants in the current trend.

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

Moreover, the Moving Average (MA) of Shiba Inu (SHIB) is shown in the above chart. Notably, the SHIB price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, SHIB is in a bullish state. There might be a possibility of a reversal trend of SHIB at any time due to market volatility.

Meanwhile, the relative strength index (RSI) of the Shiba Inu (SHIB) is at a level of 54.79. This means that SHIB is in an overbought state. However, this gives confidence to the traders to trade without any fear.

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

Let us now look 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, SHIB lies in the range of 42.3970, indicating a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of Shiba Inu (SHIB). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of SHIB lies just above 50, indicating high volatility. In fact, SHIB’s RSI is at 54.79, thus confirming a potential sell signal.

Comparison of SHIB with BTC, ETH

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

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

From the above chart, we can interpret BTC, and SHIB are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of SHIB also increases or decreases respectively. While the trend of SHIB has gained momentum and moves in a dissimilar trend with respect to that of ETH. This indicates that when the price of ETH increases, the price of SHIB decreases and when ETH’s price decreases, the price of SHIB increases.

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 $0.000091 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 $0.000109 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 $0.000148.  

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 $0.000250.

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 $0.000340. 

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, it might witness significant price rallies. Thus, by 2028, SHIB would hit $0.000450.

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 $0.000570 by 2029.

Shiba Inu (SHIB) Price Prediction 2030

With greater advancements in the Shiba Inu ecosystem, the crypto community might continue to invest in Shiba Inu (SHIB) for the next 8 years and drive significant price rallies for the token. Hence, Shiba Inu (SHIB) might hit $0.0007 by 2030.

Conclusion

With continuous improvements in the Shiba Inu network, we can say that 2022 is a good year for Shiba Inu (SHIB). For this reason, the bullish price prediction of Shiba Inu (SHIB) in 2022 is $0.00002217. On the other hand, the bearish price prediction of Shiba Inu (SHIB) for 2022 is $0.00000571.

Furthermore, with the advancements and upgrades in the Shiba Inu ecosystem, the performance of Shiba Inu (SHIB) might hit $0.00008 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $0.00008616 in the near future.

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 include Binance, Coinbase, ZB.COM, WhiteBIT, KuCoin, FMFW.io, and OKX.

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 $0.00008?

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 $0.00008 soon.

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

Shiba Inu (SHIB) price is expected to reach $0.000091 by 2023.

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

Shiba Inu (SHIB) price is expected to reach $0.0000109 by 2024.

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

Shiba Inu (SHIB) price is expected to reach $0.0000148 by 2025.

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

Shiba Inu (SHIB) price is expected to reach $0.0000250 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.

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