Shiba Inu Price Prediction 2024 – 2025:
Will SHIB Price Reach $0.1 With A New Bull Run?
Shiba Inu Coin Price Prediction June 2024
SHIB experiences a bullish reversal from the $0.00002107 support level, breaking above the overhead resistance trendline. As the meme coin recovers with a breakout rally, the increased demand is ready for an extended uptrend.
With the triangle breakout rally, the SHIB price could reach the $0.00004567 level as it takes constant support from the ascending trendline. On the flip side, a reversal from the trendline could put the 200D EMA at risk.
Currently, Shiba Inu’s price is in a heavily pressured correction phase, and the buyers are struggling to regain control of the market recovery. Breaking the long-term resistance trendline, the SHIB price fails to sustain the breakout rally, resulting in a downfall under $0.000010.
However, the Shiba Inu price trend breaks the streak of lower high formations with a double bottom formation, reflecting the buyers are back in the game. Shiba Inu (SHIB) has had a challenging start to 2024, but the ongoing struggle at the support trendline will be pivotal for the 2024 Shiba Inu price trend.
If the price can continue to rise above $0.00003682, it could possibly reach the target of $0.00006697 in 2024. Yet, if the SHIB price reverses, it undoubtedly could drop to $0.000010. Overall, the outlook for SHIB is positive, although there is still some risk of a decline.
SHIB Price Prediction 2025:
The price of SHIB could reach $0.00003965 if the developers’ visionary developments come to fruition and Shiba Inu becomes a major player in the metaverse. However, if the community drives the price with typical buying and selling pressures, SHIB could trade at an average price of $0.000035215.
On the other hand, if investors fail to keep up with the liquidity of the digital asset on exchanges, FUD and negative sentiments could lower the price to $0.00003078.
Please do your own research before investing.
