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Shiba Inu, or SHIB, is projected to reach $0.000058 in 2024. In the most bearish scenario, SHIB's value might drop to $0.000018 in the same year. Previously, Shiba Inu hit its all-time high on October 28, 2021, when it was priced at $0.000086.

Last week, SHIB was trading at $0.000024 and has since shifted by 6.79%, currently sitting at $0.000023. Over the past 24 hours, SHIB has decreased by 2.13%. There's a mild bearish sentiment in the crypto market currently, though the long-term outlook remains bullish with predictions suggesting SHIB could reach $0.00011 by 2025.

The total circulating supply of Shiba Inu at the time of this writing was 589,263,175,318,158.50, and its market cap is $13,999,396,437.

SHIB Price Prediction: Key Points

1. Primary Support and Resistance Levels:

On a weekly basis, SHIB's lowest support level is at $0.000007, and its highest resistance might be around $0.000053.

2. Market Sentiment:

Market conditions as of April 2024 indicate weakening bullish momentum.

3. Predictive Forecasts:

According to AI/ML model predictions, SHIB's average price could reach $0.0001 by 2031 and increase further to $0.0003 by 2035.

Stay informed with SHIB through comprehensive weekly technical analysis and future forecasts.

SHIB Technical Analysis: Battling Bearish Reversals

Analysis of SHIB’s weekly charts indicates fluctuating prices, revealing potential future trends for 2024. Initially, the token faced resistance at $0.000011. Repeated efforts to break this in April ended in declines, eventually dropping below the lowest support of $0.000007 in June. Although bulls temporarily reclaimed this level, the rise was short-lived, and by September, prices had fallen back to the lowest support.

Following a brief drop below this support in October, bulls made another recovery attempt, challenging resistance in December only to be pushed back. However, SHIB did not return to previous lows.

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