Key takeaways In 2024, the Shiba Inu coin price prediction could reach a maximum value of $0.000020 In 2027, the SHIB price can reach a maximum value of $0.000069. The price of Shiba Inu is predicted to reach a minimum value of $0.000174 in 2030. The Shiba Inu (SHIB) cryptocurrency, originally a meme coin, has evolved into a comprehensive ecosystem with significant growth and utility. Key components include ShibaSwap, a decentralized exchange, and Shibarium, a Layer 2 solution to enhance scalability. These developments have boosted SHIB’s adoption and functionality. As SHIB’s ecosystem grows, questions arise about its future price trajectory. Will the advancements in ShibaSwap and Shibarium drive SHIB to new highs? Can Sn HIB sustain its current price momentum and solidify its position in the crypto market? Can SHIB ever reach $1? Overview Cryptocurrency Shiba Inu Token SHIB Price $0.000027 Market Cap $17.69B Trading Volume $623.79B Circulating Supply 589.51T SHIB All-time High $0.00008845 (Oct 27, 2021) All-time Low $0.00000000008165 (Aug 31, 2020) 24-hour high $0.000030 24-hour low $0.00002764 Shiba Inu coin price prediction: Technical Analysis Metric Value Price Prediction $0.00002962 (3.56%) Volatility 14.56% 50-Day SMA $0.00002141 14-Day RSI 69.35 Sentiment Neutral Fear & Greed Index 76 (Extreme greed) Green Days 18/30 (60%) 200-Day SMA $0.00001886 Shiba Inu price analysis: SHIB faces volatility from peak gains to bearish close TL;DR Breakdown Shiba Inu faces bearish sentiment, failing to sustain momentum above $0.000030. The support level at $0.00002764 will be crucial in determining further downside risk. Resistance at $0.0000300 needs to be broken for a bullish recovery. The price movement of Shiba Inu (SHIB) for 14 December over the given time frame shows significant volatility. The price started near $0.00002817, initially experiencing a sharp dip before rebounding into a bullish phase. The uptrend peaked close to $0.0000288, where it faced resistance, leading to a gradual decline. Following this peak, the price retraced steadily and ended the session around $0.0000278, signaling a shift toward bearish momentum. This price behavior indicates strong selling pressure at higher levels, preventing further upward movement. The sharp decline towards the end highlights potential bearish sentiment as the token struggled to maintain its earlier gains. Shiba Inu 1-day price chart: Shiba Inu consolidates as indicators signal cautious market momentum The 1-day chart, Shiba Inu (SHIB) shows a period of significant upward movement, peaking near the $0.00003500 level. After this rally, the price has experienced a correction and is currently consolidating around the $0.00002774 level, down by 2.80%. The current sideways movement suggests indecision among buyers and sellers. If SHIB maintains above the support near $0.00002764, a rebound may occur, targeting resistance levels around $0.00003000. However, a break below this zone may trigger further downside momentum. Shiba Inu consolidates as indicators signal cautious market momentum The RSI (Relative Strength Index) is at 50.99, indicating neutral momentum. This reflects a balance between bullish and bearish pressures, with no overbought or oversold signals. The MACD (Moving Average Convergence Divergence) shows a bearish crossover, as the MACD line (blue) has moved below the signal line (orange). This indicates weakening bullish momentum and rising selling pressure. Shiba Inu 4-hour price: SHIB faces selling pressure at $0.00002771 The 4-hour chart, Shiba Inu (SHIB) shows a downward movement, with the price falling by 1.14% to $0.00002771. The price faces selling pressure after a recent recovery attempt, indicating consolidation near the $0.00002750 support level. Earlier bullish momentum led SHIB to reach a high near $0.00003300, but the sellers gained control, leading to a retracement. If SHIB fails to hold the current support, further downside toward the $0.00002600 range could occur. On the upside, a break above resistance around $0.00002850 may signal renewed bullish momentum. SHIB faces selling pressure at $0.00002771 The RSI (Relative Strength Index) sits at 44.01, indicating that the market is approaching oversold conditions but still showing weak buying momentum. The RSI remains below the neutral 50 level, reflecting bearish sentiment. The MACD (Moving Average Convergence Divergence) shows the signal line (orange) crossing above the MACD line (blue), signaling a bearish crossover. The histogram also indicates minor negative momentum, suggesting a lack of strong buying pressure. Shiba Inu technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $0.00002589 SELL SMA 5 $0.00002597 SELL SMA 10 $0.00002541 SELL SMA 21 $0.00002543 SELL SMA 50 $0.00002141 BUY SMA 100 $0.00001842 BUY SMA 200 $0.00001952 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $0.00002439 SELL EMA 5 $ 0.00002282 SELL EMA 10 $0.00002089 SELL EMA 21 $0.00001919 SELL EMA 50 $0.00001741 BUY EMA 100 $0.00001701 BUY EMA 200 $0.00001721 BUY What to expect from Shiba Inu price analysis Shiba Inu price analysis shows bearish conditions in the short term, with resistance and support levels at $0.000030 and $0.00002764, respectively. If SHIB prices break through the resistance level, bullish momentum could form. On the other hand, if SHIB loses ground beyond the support level, further losses could occur. Is Shiba Inu a good investment? Shiba Inu (SHIB) shows potential as a promising investment due to key developments like Coinbase Derivatives launching SHIB futures contracts, and Binance supporting SHIB with multiple spot pairs. Grayscale’s recognition of SHIB also enhances its credibility, while a 6,000% surge in SHIB’s burn rate boosts market sentiment. Upcoming events, such as the Bitcoin conference and Welly’s expansion inspired by Shiba Inu, further support a bullish outlook, making SHIB an attractive option for investors seeking portfolio diversification. Will Shiba Inu recover? Shiba Inu is experiencing fluctuations with a recent upward trend; there are signs of potential recovery. Will SHIB reach $1? Reaching $1 for Shiba Inu (SHIB) is highly unlikely due to its massive circulating supply and the unrealistic market cap. Significant demand increases and supply reductions would be necessary to approach such a price. Will SHIB reach $10 It is unlikely that SHIB will reach $10 due to its enormous circulating supply and the unrealistic market capitalization required to achieve this feat. Will SHIB reach $100? Reaching $100 for SHIB is virtually impossible due to its vast circulating supply and the astronomically high market capitalization it would necessitate. Does SHIB have an excellent long-term future? SHIB shows some positive movement, suggesting the SHIB ecosystem may have a promising long-term future. However, its success will depend on continued adoption, broader market adoption trends, and developments within the other cryptocurrency market space. Recent news/opinion on Shiba Inu Shiba Inu introduces a burn contract at block 8,200,512, aiming to drive deflationary tokenomics by reducing token supply and enhancing SHIB’s value and scarcity. The Shibarium ecosystem undergoes a major upgrade, including updates to the Heimdall and Bor hardforks for compatibility with Ethereum’s Dencun hardfork. TREAT, a utility-focused token, is set to launch as the gas and reward token for Shiba Inu’s upcoming Layer-3 privacy blockchain. This follows a successful $12 million fundraiser and promises to redefine the network’s functionality and value. Shytoshi Kusama, Shiba Inu’s lead, has teased its release with cryptic updates, urging the community to prepare for a strategic “memlitary operation.” Shiba Inu price prediction for December 2024 Shiba Inu (SHIB) is expected to show a variety of price fluctuations through December 2024. The potential low is $0.000030, while the average price might be around $0.000036. SHIB could reach up to $0.000040 as the highest expected price. Month Potential low Potential average Potential high December $0.000030 $0.000036 $0.000040 Shiba Inu price prediction 2024 In Q4 of 2024, the minimum price of Shiba Inu will be around $0.000017. The maximum expected price for SHIB may be around $0.000019 and the average price at $0.000018. Year Potential low Potential average Potential high 2024 $0.000017 $0.000018 $0.000019 Shiba Inu price predictions 2024-2030 Year Minimum price Average price Maximum price 2025 $0.000024 $0.000025 $0.000030 2026 $0.000035 $0.000036 $0.000042 2027 $0.000055 $0.000057 $0.000062 2028 $0.000082 $0.000085 $0.000096 2029 $0.000120 $0.000124 $0.000144 2030 $0.000173 $0.000178 $0.000204 Shiba Inu price prediction 2025 In 2025, Shiba Inu is expected to reach a minimum price of $0.000024, a maximum price of $0.000030, and an average price of $0.000025. Shiba Inu price prediction 2026 According to the Shiba Inu for 2026, the token is predicted to reach a minimum value of $0.000035, a maximum value of $0.000042, and an average trading price of $0.000036. Shiba Inu price prediction 2027 By 2027, Shiba Inu (SHIB) is forecasted to reach a minimum price of $0.000055, with a maximum of $0.000062 and an average price of $0.000057. Shiba Inu price prediction 2028 The price of Shiba Inu is predicted to reach a minimum value of $0.000082 in 2028. Investors can expect a maximum value of $0.000096 and an average trading price of $0.000085. Shiba Inu coin price prediction 2029 By 2029, SHIB price prediction suggests Shiba Inu could reach a minimum price of $0.000120, with a potential maximum price of $0.000144 and an average trading price of $0.0001224. Shiba Inu price prediction 2030 In 2030, the SHIB coin prediction suggests the price of Shiba Inu will trade at a minimum value of $0.000173, a maximum value of $0.000204, and an average trading value of $0.000178. Shiba Inu price prediction 2024 – 2030 Shiba Inu market price prediction: Analysts’ SHIB price forecast Firm Name 2024 2025 Gov.Capital $0.000021 $0.000025 DigitalCoinPrice $0.0000652 $0.0000773 Technewsleader $0.000023 $0.000030 Cryptopolitan’s Shiba Inu price prediction According to Cryptopolitan’s Shiba Inu price forecast, SHIB could reach a maximum price of $0.000019 by the end of 2024. By 2026, the price of the Shiba Inu token is predicted to reach a minimum value of $0.000035. Shiba Inu’s rise in price could take it to a maximum price level of $0.000204 with an expected average trading price of $0.000178 by 2030. Shiba Inu historic price sentiment SHIB price history; Source: Coinmarketcap Memecoin Shiba Inu’s price grew 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, Shiba Inu’s price action was relatively low, trading around $0.000025. In May 2022, the price sharply declined, dropping to approximately $0.000008. Throughout the rest of 2022, Shiba Inu’s price remained relatively 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. In March 2024, Shiba Inu experienced another surge, 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. In July 2024, Shiba Inu experienced a price range of around $0.000015. Shiba Inu experienced a slight price recovery around August, with some upward momentum in the market sentiments. The price ranged from about $0.000015 to $0.000017, showing gradual upward movement. At the start of October 2024, the SHIB token has been trading at around $0.000015-$0.000017. In December 2024, Shiba Inu is trading in a range of around $0.000027-$0.000031.
