Shiba Inu Price Prediction – Will SHIB Price Hit $0.000030 Soon?

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. 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 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 $0.000030. 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 $6,556,463,295 as of the time of writing. Today, SHIB has a 24-hour trading volume amounting to over $500,682,884 with a circulating supply of almost 549,063.28B SHIB. It is trading at $0.00001194 and has increased by 11.67% 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 2022

Currently, Shiba Inu (SHIB) is in the 16th 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.

SHIB/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for SHIB/USDT, we can deduce that the price of Shiba Inu might get bullish in some days since the price had a breakout at the first half of the channel from the top. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.

SHIB/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 68.75.  This shows that SHIB is showing an overbought trend since its RSI lies between 50 and 70. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.

SHIB/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are within the recently formed candlesticks, the price of the Chain might maintain the present bullish run for some days.

Shiba Inu (SHIB) Price Prediction 2022

The chart below shows that Shiba Inu (SHIB) price has reduced in the past few days. Moreover, the price of Shiba Inu (SHIP) has increased by 11.67% in the last 24 hours. If this trend continues, SHIB might run along with the bulls, thereby hitting the $0.00001288 resistance1 level, and move higher to $0.000022 resistance5 level, the 2022 bullish signal.

SHIB/USDT 1Day Chart showing the Key Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bears might take over and dethrone Shiba Inu from its uptrend position. In simpler terms, the price of SHIB might plummet to almost $0.000010, a bearish signal.

Meanwhile, our long-term Shiba Inu (SHIB) price prediction for 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.00008845 according to CoinMarketCap this year. However, that will only happen if it breaks many previous psychological resistances.

If this bullish trend continues, Shiba Inu (SHIB) will reach $0.000022 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.000017. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.000030 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Shiba Inu (SHIB) Price Prediction 2023

If Shiba Inu (SHIB) holds the support level around 100-MA, the long-term moving average of 100 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.000050, making it not plummet but play consistently.

Shiba Inu (SHIB) Price Prediction 2024

As per the latest upgrades, developments, Shiba Inu (SHIB) price prediction, and new project forecasts of the platform, Shiba Inu 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 $0.000080.

Shiba Inu (SHIB) Price Prediction 2025

As per the latest upgrades, developments, Shiba Inu (SHIB) price prediction, and new project forecasts of the platform, Shiba Inu investors could expect many partnerships and integrations around 2025. 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 $0.000100.

Shiba Inu (SHIB) Price Prediction 2026

As per the latest upgrades, developments, Shiba Inu (SHIB) price prediction, and new project forecasts of the platform, Shiba Inu investors could expect many partnerships and integrations around 2026. 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 $0.000250.

Shiba Inu (SHIB) Price Prediction 2027

As per the latest upgrades, developments, Shiba Inu (SHIB) price prediction, and new project forecasts of the platform, Shiba Inu investors could expect many partnerships and integrations around 2074. 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 $0.000400.

Shiba Inu (SHIB) Price Prediction 2028

In the next seven years, Shiba Inu (SHIB) prices could race up to $0.000600. However, reaching this level could not be so difficult for Shiba Inu 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 seven years as per the prediction.

Shiba Inu (SHIB) Price Prediction 2029

In the next eight years, Shiba Inu (SHIB) prices could race up to $0.000800. However, reaching this level could not be so difficult for Shiba Inu 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 eight years as per the prediction.

Shiba Inu (SHIB) Price Prediction 2030

As per the latest upgrades, developments, Shiba Inu (SHIB) price prediction, and new project forecasts of the platform. 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 $0.0010.

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 $0.000017 to $0.000022. As said above, it may even reach $0.000030 if investors have decided that SHIB is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

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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