- Bullish Shiba Inu price prediction ranges from $0.00006 to $0.00008.
- The Shiba Inu price might also reach $0.0002 soon.
- Shiba Inu’s bearish market price prediction for 2022 is $0.000005.
This Shiba Inu (SHIB) price prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our SHIB price analysis and prediction.
Shiba Inu is one of the most talked-about digital assets in the crypto world lately since it turned some investors into millionaires. SHIB has attracted the attention of investors around the world. Regarding crypto technology, SHIB is an experimental meme token that is called the “Doge Killer”. It was launched on the Ethereum blockchain but is also present in other blockchains like the Binance Smart Chain (BSC). It complies with the rules set by the respective blockchains it is integrated into to ensure its security. On the other hand, SHIB can take advantage of the technology that ETH possesses along with its other crypto partners.
In this SHIB price analysis and price prediction, we take a look at the performance of SHIB if it will reach $0.0002. But before that, let us learn more about what Shiba Inu (SHIB) is and its current position in the crypto market.
What is Shiba Inu Token?
Shiba Inu is a cryptocurrency meme token mostly known as the Dogecoin Killer. The name was due to its exponential bullish run that has yielded over 158,000times to its investors in the past one year while Dogecoin (Doge) the first meme token is yielding only 15.58times in the same duration according to Coingecko data.. Truly, this is an aggressive achievement that SHIB should be proud of.
As of today, SHIB is still a new project compared to the other digital assets in the crypto market. However, SHIB continues to develop its technology with its team of developers and independent holders are burning the token to reduce its volume in circulation. In fact, the network is currently working with its other flagship tokens such as $LEASH and $BONES.
Furthermore, SHIB is on its way to developing its own decentralized exchange: ShibaSwap. Once launched, ShibaSwap seeks to provide a safe place for crypto traders to trade valuable cryptocurrencies.
For now, traders and investors that are interested in SHIB can check the availability of the crypto at different decentralized exchanges. For example, Binance, Huobi Global, and OKEx to name a few.
Shiba Inu (SHIB) Market Position
So far, SHIB is one of the most aggressive digital assets in the crypto market this year. For this reason, the crypto was able to place itself among the top 20 cryptos in CoinMarketCap. Indeed, this is a good market standing favored by global investors.
In terms of market position, SHIB market capitalization amounts to almost $11,628,502,216 as of the time of writing. Today, SHIB has a 24-hour trading volume amounting to over $1,375,709,556 with a circulating supply of almost 549,063.28B SHIB. It is trading at $0.00001963 and has reduced by 23.07% in the past 24-hour.
Now that you already have an idea about what SHIB cryptocurrency is, do you think SHIB is a good investment this year? If you are already excited to know, come, and together let us check this SHIB price analysis and price prediction article.
Shiba Inu (SHIB) Price Analysis
Currently, Shiba Inu (SHIB) is in the 15th position in CoinMarketCap. But, with the continuous token burn and its active community of investors, the year could hold good surprises for its supporters. Let’s proceed to the charts in this SHIB price prediction article.
The Relative Strength Index (RSI) is at 24.16 which means that SHIB is oversold since its between 0 and 30. The 24.16 also shows that the trend is weakening and there could be no more sellers. Hence, traders should be mindful in trading at this neutral level since a reversal could be possible due to the weakened downtrend.
More so, the Shib’s Moving Average (MA) is shown in the chart above. Currently, Shib is in a bullish state. Notably, the Shib 9-day MA is below the 50-day MA (long-term), so it is completely in a bullish state. Though, the downtrend could continue for some time since the slope of the 50-day MA is facing downward. Therefore, there is a high possibility of a trend reversal later.
Shiba Inu (SHIB) Price Prediction 2022
We shall consider the Shiba Inu (SHIB) price prediction 2022 with the ADX indicator and the structure levels at supports and resistances.
Shiba Inu (SHIB) Price Prediction – ADX
Let us now look at Shib’s Average Directional Index (ADX). In particular, the ADX assists traders in finding the strength of a trend rather than its direction. It can also be utilized to determine whether the market is changing or if a new trend is beginning.
The value of ADX for SHIB is 33.52 which indicates that the recent trend is strong since it lies between 20 and 40.
Shiba Inu (SHIB) Price Prediction – Resistance and Support Levels
The chart below shows that Shiba Inu (SHIB) price has reduced in the past few days. Moreover, the SHIB price is down by 24.13% in the last 24 hours. If this trend continues, SHIB might continue bearish, thereby breaking its $0.0.00001822 price at support1 level and pushing lower.
Conversely, if the investors go bullish in the crypto, SHIB will experience and uptrend which could make it to break most of the present resistance levels since other investors would pump money into the market to avoid missing out. This could make it break its present all-time high of $0,00008845.
Meanwhile, a neutral market could create more panic in the market since short term investors could ignite a continuous sell order which would make the price to plummet to the lowest support level at $0.00000517 as seen on the chart which represents over 70% reduction in price.
However, the price of SHIB is expected to trade between $0.00002304 and $0.00002846 soon as seen from resistance5 and resistance4 respect on the chart once there is a reversal.
The 2022 bullish price of SHIB is from $0.00005678 at resistance1 to $0.00008067 at the resistance level.
Shiba Inu (SHIB) Price Prediction 2023
IIf SHIB holds the support level around 50-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.0007, making it not plummet but play consistently.
Shiba Inu (SHIB) Price Prediction 2024
As per the latest upgrades, developments, SHIB price prediction, and new project forecasts of the platform, SHIB investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of SHIB in the crypto market, and it will be the best investment as the price can spike and reach around $0.008.
Shiba Inu (SHIB) Price Prediction 2025
In the next four years, SHIB prices could race up to $0.09. However, reaching this level could not be so difficult for SHIB as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that SHIB has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Shiba Inu (SHIB) Price Prediction 2026
IBefore the end of year 2026, the price of Shib should trade to at least $0.5. This is because, some years in between could be for corrections as obtained in the cryptocurrency market. This will make the present holders to have at least 20000times the present value of their investment.
Conclusion
SHIB has a bright future ahead of it in 2022. With the ongoing developments happening within the SHIB ecosystem, as well as in the overall crypto market, we may see SHIB reach new heights.
Bullish SHIB price prediction 2022 is between $0.00006 to $0.00008. As said above, it may even reach $0.00009 if investors have decided that SHIB is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Shiba Inu is a cryptocurrency meme token mostly known as the Dogecoin Killer. This nickname that SHIB earned is due to its ability to outpace Dogecoin’s value exponentially.
Based on the previous record that SHIB created in the crypto market, we say that SHIB is a good investment. However, as a trader and investor, users should still practice due diligence and research to know more about the token.
Yes, the SHIB token is real and has a smart contract that can be found in Etherscan and other crypto platforms.
Traders and investors that are interested in SHIB can check the availability of the crypto at different decentralized exchanges. For example, Binance, Huobi Global, and OKEx to name a few.
Shiba Inu’s (SHIB) price is expected to reach $0.0006 by 2022.
Shiba Inu’s (SHIB) price is expected to reach $0.0007 by 2023.
Shiba Inu’s (SHIB) price is expected to reach $0.008 by 2024.
Shiba Inu’s (SHIB) price is expected to reach $0.09 by 2025.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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