Key takeaways
In 2024, the Shiba Inu price could reach a maximum value of $0.000038.
By 2027, the SHIB price could reach the maximum possible level of $0.000134 with an average forecast price of $0.000115.
The SHIB price can reach a maximum price value of $0.000397 with an average value of $0.000361 in 2030.
The Shiba Inu (SHIB) cryptocurrency, originally a meme coin, has evolved into a comprehensive ecosystem with significant utility. Key components include ShibaSwap, a decentralized exchange, and Shibarium, a Layer 2 solution aimed at enhancing scalability. These developments have boosted SHIB’s adoption and functionality.
As SHIB’s ecosystem continues to grow, questions arise about its future price trajectory. Will the advancements in ShibaSwap and Shibarium drive SHIB to new highs? Can SHIB sustain its momentum and solidify its position in the crypto market? Can SHIB ever reach $1?
Overview
Cryptocurrency Shiba Inu Token SHIB Price $0.00002487 Market Cap $0.00002487 Trading Volume $332,920,221 Circulating Supply – All-time High $0.00008845 Oct 27, 2021 All-time Low $0.00000000008165 Aug 31, 2020 24 High $0.00002546 24 Low $0.00002472
Shiba Inu price prediction: Technical analysis
Metric Value Price Prediction $0.00008273 (228.52%) Volatility 4.85% 50-Day SMA $0.00002443 14-Day RSI 49.65 Sentiment Neutral Fear & Greed Index 73 (Greed) Green Days 13/30 (43%) 200-Day SMA $0.00001728
Today’s Shiba Inu price is $0.00001726, with a 24-hour trading volume of $195,232,326. Shiba Inu is down 1.12% in the last 24 hours. The current CoinMarketCap ranking is 13, with a live market cap of $10,142,795,805. It has a circulating supply of 589,271,243,355,488 SHIB coins, and the max. Supply is not available.
Shiba Inu price analysis: SHIB drops by 1.12% following the recent market crash
Shiba Inu price analysis is bearish
Resistance for SHIB is present at $0.00001765
Support for SHIB is seen at $0.00001687
Shiba Inu price analysis for 29th June 2024 suggests that the price of SHIB has dropped by over 1.12% following the market crash. Currently, the cryptocurrency is trading at $0.00001726. The overall trend for SHIB remains bearish as it failed to breach its immediate resistance level of $0.00001765 and faced rejection instead. Its intraday low was recorded at $0.00001687, now as a support level.
As we advance, if the price of SHIB breaks above $0.00001700, it may surge higher toward the next resistance of $0.00001765 in the short term. On the downside, if SHIB fails to remain supported above its current levels, it will breach the support of $0.00001687.
Shiba Inu price analysis 1-day chart: Bears rule SHIB market as price retrace toward the $0.00001760
The daily chart of SHIB reveals that the price has faced strong resistance at the $0.00001765 level today, where it has failed to break higher multiple times. The bears have taken control of the market and are pushing SHIB lower toward the $0.00001760 level as the price retraces from its intraday high.
LINK/USD 1-day price chart By TradingView
The Relative Strength Index (RSI) points downwards, heading to the 35 indexes, which stand at 31.67, indicating an increase in bearish momentum. The Moving Average Convergence Divergence (MACD) indicator is below the zero line, with the MACD line on the verge of crossing below the signal line. This suggests a bearish crossover is also in place. The 9-day MA is trading below the 21-day MA, indicating a bearish trend in the near term.
SHIB/USD 4-hour chart: Bulls lose momentum as bears take over SHIB market
On the hourly chart, SHIB is steadily losing momentum as the price trades slightly above the current support level of $0.00001687. The bears have taken control of the market by pushing SHIB from the $0.00001687 level up to the $0.00001765 level. If the selling pressure persists, SHIB will likely fall below the $0.00001700 level soon.
LINK/USD 4-hour price chart By TradingVIew
The RSI indicator slopes to the south and hovers around the 50 indexes, suggesting a neutral trend. The MACD indicator is in positive territory but losing momentum as the green bars in the histogram are declining. The moving average (MA) shows a value of 0.000001734, which suggests that the current support level is stable.
Shiba Inu technical indicators: Levels and action
Daily simple moving average (SMA)
Period Value Action SMA 3 $0.00002510 SELL SMA 5 $0.00002566 SELL SMA 10 $0.00002534 SELL SMA 21 $0.00002475 BUY SMA 50 $0.00002443 BUY SMA 100 $0.00002512 SELL SMA 200 $0.00001728 BUY
Daily exponential moving average (EMA)
Period Value Action EMA 3 $0.00002641 SELL EMA 5 $0.00002599 SELL EMA 10 $0.00002545 SELL EMA 21 $0.00002494 SELL EMA 50 $ 0.00002461 BUY EMA 100 $0.00002288 BUY EMA 200 $0.00001914 BUY
What to expect from Shiba Inu price analysis
To conclude the Shiba Inu price analysis, SHIB is bearish in the short term. It failed to breach its immediate resistance level and is now trading below $0.00001800. If the selling pressure persists, it could fall further toward its next support of $0.00001687.
Recent news/opinion on Shina Inu
DEXToolsApp now supports ShibaSwap
https://twitter.com/ShibaSwapDEX/status/1800629802275131686 Shiba Inu price prediction June 2024
Based on the price fluctuations of Shiba Inu at the beginning of 2024, the average SHIB rate is expected to be $0.0000555 in June 2024. Its minimum and maximum prices can be expected at $0.00002470 and at $0.0000858, respectively.
Shiba Inu price prediction Potential Low Potential Average Potential High Shiba Inu price prediction June 2024 $0.00002470 $0.0000555 $0.0000858
Shiba Inu price prediction 2024
In 2024, the minimum price of Shiba Inu will be around $0.000033. The maximum expected price for SHIB may be around $0.000038. On average, the trading price might be $0.000034.
Shiba Inu price prediction Potential Low Potential Average Potential High Shiba Inu price prediction 2024 $0.000033 $0.000034 $0.000038
Shiba Inu price prediction 2024-2030
Year Minimum Average Maximum 2025 $0.000050 $0.000052 $0.000058 2026 $0.000076 $0.000078 $0.000088 2027 $0.000112 $0.000115 $0.000134 2028 $0.000160 $0.000166 $0.000200 2029 $0.000231 $0.000239 $0.000283 2030 $0.000349 $0.000361 $0.000397
Shiba Inu price prediction 2025
In 2025, the price of Shiba Inu is predicted to reach a minimum level of $0.000050, a maximum level of $0.000058 and an average SHIB price of $0.000052.
SHIB price forecast for 2026
The price of Shiba Inu is predicted to reach at a minimum value of $0.000076, a maximum value of $0.000088 and an average trading price of $0.000078.
Shiba Inu price prediction 2027
Shiba Inu price is forecast to reach a minimum price of $0.000112 in 2027. Traders can expect a maximum price of $0.000134 and an average price of $0.000115.
Shiba Inu price prediction 2028
According to the Shiba Inu price prediction for 2028, SHIB could reach a maximum price of $0.000200, an average price of $0.000166, and a minimum price of $0.000166.
Shiba Inu price prediction 2029
As per the Shiba Inu price forecast for 2029, the price of SHIB is predicted to reach at a minimum value of $0.000231, a maximum level of $0.000283 and an average trading price of $0.000239.
Shiba Inu price prediction 2030
In 2030, the price of Shiba Inu is expected to reach a minimum level of $0.000349, a maximum level of $0.000361 and an average price of $0.000397.
Shiba Inu market price prediction: Analysts’ SHIB price forecast
Firm Name 2024 2025 Gov.Capital $0.000185 $0.00021275 DigitalCoinPrice $0.000397 $0.000145 Technewsleader $0.00013855 $0.00052422
Cryptopolitan’s Shiba Inu price prediction
According to Cryptopolitan, Shiba Inu (SHIB) may reach a maximum price of $0.000034 by 2024. By 2026, the price of Shiba Inu is predicted to reach a minimum value of $0.000076 in 2026. The Shiba Inu price could reach a maximum value of $0.000088 with an average trading price of $0.000078.
Shiba Inu historic price sentiment
SHIB price history; Source: Coinmarketcap
Memecoin Shiba Inu saw its price grow by over 300 percent within the same month, marking a trading fury reminiscent of Dogecoin in early 2021.
Shiba Inu’s price history from 2022 to mid-2024 has experienced several notable fluctuations.
At the beginning of 2022, the price of Shiba Inu was relatively low, trading around $0.000025.
In May 2022, the price saw a sharp decline, dropping to approximately $0.000008.
Throughout the rest of 2022, Shiba Inu’s price remained fairly stable, fluctuating between $0.000007 and $0.000010.
In early 2023, there was a brief spike in February, where the price peaked at $0.000015. However, this was followed by a gradual decline, and by June 2023, the price stabilized around $0.000010.
Moving into 2024, Shiba Inu experienced another surge in March, reaching a high of $0.000045. This increase was short-lived, and in June 2024, the token is consolidating within the $0.0000173 – $0.00002933 price range.
