Shiba Inu (SHIB) Price Prediction 2022 – Will SHIB Hit $0.00006 Soon?

  • Bullish SHIB price prediction is $0.00001273 to $0.00004337.
  • Shiba Inu (SHIB) price might also reach $0.00006 soon.
  • Bearish SHIB  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 $0.00001244 with a 24-hour trading volume of $402,758,296 at the time of writing. However, SHIB has increased by nearly 4.0% in the last 24 hours.

Moreover, Shiba Inu (SHIB) has a circulating supply of 589,380,317,965,497 SHIB. Currently, Shiba Inu (SHIB) trades in cryptocurrency exchanges such as Binance, FMFW.io, Coinbase Exchange, KuCoin, WhiteBIT.

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 13th position on CoinGecko right now. SHIB price prediction 2022 is explained below with a daily time frame.

SHIB/USDT Inverted Head and Shoulder Pattern (Source: Tradingview)

The above chart of Shiba Inu (SHIB) laid out the inverted head and shoulder pattern. It is the inverse of the head and shoulder pattern. Generally, in this pattern, the price action slides downwards and then rises up. Thus, forming three troughs in the pattern, left shoulder, head, and right shoulder.

This pattern can be a potential signal for the upcoming bullish market. If the price action establishes a breakout above the neckline resistance, the price might rise up to new highs.

Currently, Shiba Inu (SHIB) is in the range of $0.00001207 If the pattern continues, the price of SHIB  might reach the resistance levels of $0.00001366, $0.00002529. If the trend reverses, then the price of SHIB may fall to $0.00000970.

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
Resistance Level 4$0.00004337
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 $0.00004337.

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)

Also, the Moving Average (MA) of Shiba Inu (SHIB) is shown in the chart above. Notably,  Shiba Inu (SHIB) price lies above 50 MA (short-term), so it is  in an uptrend. Currently, SHIB has entered a bullish 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 57.03. This means that Shiba Inu (SHIB) is in an overbought 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 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 31.12306204 and thus, it indicates a strong 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 above 50, indicating high volatility. In fact, the RSI of Shiba Inu (SHIB) is at 57.03 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 that BTC, ETH, and SHIB are moving in a similar trend. This indicates that when the price of BTC and ETH increase or decrease, 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 $0.00008 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 $0.0001 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 investors for the next 3 years, SHIB will rally to hit $0.0003.  

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 investors for the next 4 years, SHIB will rally to hit $0.0005.

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 investors for the next 5 years, SHIB will rally to hit $0.0008. 

Shiba Inu (SHIB) Price Prediction 2028

If Shiba Inu (SHIB) holds 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 $0.001.

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 $0.003 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 $0.0085by 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 $0.00004337. 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 $0.00006 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, FMFW.io, Coinbase Exchange, KuCoin, WhiteBIT.

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 $0.00006?

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 $0.00006 soon.

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

Shiba Inu (SHIB) price is expected to reach $0.00008 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.

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