Sunday, December 4, 2022
 

Shiba Inu (SHIB) Price Prediction: Will SHIB reach $0.00005 in 2022?

  • Bullish SHIB price prediction ranges from $0.00001967 to $0.00004835.
  • SHIB price might also reach $0.00005 this 2022.
  • SHIB’s bearish market price prediction for 2022 is $0.00000618.

Shiba Inu (SHIB) is a meme token that took the cryptocurrency space by storm. It is called “DOGECOIN KILLER” by its community and other crypto users. It was launched on the Ethereum blockchain as an ERC-20 token.

Shiba Inu investors are bullish on the token since it has had a return on investment (ROI) of over 146000 times in the past 2 years. The recent crypto winter in the first half of 2022 led to a dip in the price of SHIB after it attained a present all-time high (ATH) price of $0.00008845 in October 2021. Hence,  Ethereum whales have increased their investment in SHIB in the past few months.

If you are interested in the future of Shiba Inu (SHIB) and would want to know the price analysis and price prediction of SHIB for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is Shiba Inu (SHIB)?

Shiba Inu (SHIB) was launched in 2020 by an anonymous creator called Ryoshi. Due to the high gas fees associated with the Ethereum blockchain, SHIB developers have migrated to token to other blockchains such as Solana and Binance Smart Chain.

SHIB team has always given made the community know that they are working diligently to ensure that its hodlers are rewarded with good returns. One of such was the launch of its decentralized exchange called Shibaswap and which led to its bullish run in the last quarter of 2021. With the expectations that the effect of Shiberse will be experienced soon after its announcement in January 2022, the SHIB community is bullish on Shiba Inu’s future.

With the impact that the entrance of non-fungible tokens (NFTs) into the cryptocurrency, the launch of the Shiba Inu NFT Incubator on Shibaswap could increase the adoption of more users of the SHIB token.

Shiba Inu (SHIB) Current Market Status

The total supply of Shiba Inu (SHIB) at the moment is 589,735,030,408,323 SHIB according to CoinMarketCap. At the time of writing, SHIB is trading for $0.00001199 which represents a 24 hours decrease of 4.90%. The trading volume of Shiba Inu in the past 24 hours is $0.493 billion which represents a 62.64% decrease.

Some of the top cryptocurrency exchanges for trading Shiba Inu (SHIB) are Binance, Coinbase, Kucoin, FTX, Gate.io, Kraken, Mexc, and others.

Now that you have known what SHIB is and its current market status, we shall discuss the price analysis of Shiba Inu (SHIB) for 2022.

Shiba Inu (SHIB) Price Analysis 2022

Currently, SHIB is ranked in the 15th position on CoinMarketCap. Will developments and upgrades within the Shiba Inu community lead to a rising in the price of Shiba Inu (SHIB)? We shall see this in this CoinEdition price analysis 2022 article.

Shiba Inu (SHIB) Price Analysis- Keltner Channel

SHIB/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
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 Shiba Inu (SHIB), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bearish, the present increase in the price of SHIB might not be sustained before any reversal would be expected.

Shiba Inu (SHIB) Price Analysis- Relative Strength Index

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

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Shiba Inu (SHIB) 1day chart of SHIB/USDT is at 54.84.  This shows that SHIB is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Shiba Inu (SHIB) Price Prediction-Moving Averages

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

The chart above shows the 1Day chart of Shiba Inu’s 200-day and 100-day Moving Average (MA). Presently, SHIB is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Shiba Inu (SHIB) might experience a big rise or fall in the future.

Shiba Inu (SHIB) Price Prediction 2022

HIB/USDT 1Day Chart (Source: Tradingview)
SHIB/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Shiba Inu (SHIB) was ranging between $0.00003198 at the resistance4 level and $0.00001967 at the resistance1 level, in the past few months, and then touched the $0.00000618 support2 level and $0.00000949 support1 level.

Irrespective of this sideways movement in the price of SHIB, we can deduce the following:

  1. The price of Shiba Inu (SHIB) is expected to breakout at the $0.00001967 resistance1 level, due to the history at that price. If investors have their way, the price of SHIB could surge higher to the $0.00003178 resistance4 level before reversing, due to the formation of a triple top.
  2. The reversal at resistance1 level, could lead to a further decrease in the price of SHIB up to support2 level at $0.00000618, until a double bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term SHIB price prediction for 2022 is bullish since it might break many psychological resistances. We can expect SHIB to reach $0.00005 this year.

Shiba Inu (SHIB) Price Prediction-Resistance and Support Levels

SHIB/USDT 1Day Chart (Source: Tradingview)
SHIB/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of SHIB has increased by 10.7% in the past 14 days. If this price increase continues, SHIB could break the $0.00001967 resistance1 level and move higher to $0.00004835 at the resistance6 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of SHIB might be dethroned from its present uptrend position. In simpler terms, SHIB might trend below the $0.00000618 support2 level, and even lower in 2022, a bearish signal.

Shiba Inu (SHIB) Price Prediction 2023

Shiba Inu (SHIB) might hit $0.00007 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of SHIB will see rapid growth to $0.00006. The growth will thereafter moderate, but no significant drops are predicted. By upgrading burning rewards, investors could burn more SHIB thereby reducing its volume in circulation. This could make the price of SHIB reach $0.00007 shortly.

Shiba Inu (SHIB) Price Prediction 2024

Shiba Inu’s (SHIB) price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.00009, making it not plummet but play consistently. Additionally, this could only be possible if SHIB breaks through past psychological resistance levels.

Shiba Inu (SHIB) Price Prediction 2025

Shiba Inu (SHIB) prices might grow past $0.00011 during the next three years. Furthermore, hitting this level might not be so tough for SHIB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, SHIB has a strong chance of reaching a new all-time high (ATH) price.

Shiba Inu (SHIB) Price Prediction 2026

Shiba Inu (SHIB) prices might grow past $0.00013 during the next four years. Furthermore, hitting this level might not be so tough for SHIB due to new medium, short-term, and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, SHIB has a strong chance of reaching a new all-time high (ATH) price.

Shiba Inu (SHIB) Price Prediction 2027

Shiba Inu (SHIB) prices might grow past $0.00015 during the next five years. Furthermore, hitting this level might not be so tough for SHIB due to new medium, short-term, and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, SHIB has a strong chance of reaching a new all-time high (ATH) price.

Shiba Inu (SHIB) Price Prediction 2028

Shiba Inu (SHIB) prices might grow past $0.00017 during the next six years. Furthermore, hitting this level might not be so tough for SHIB due to new medium, short-term, and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, SHIB has a strong chance of reaching a new all-time high (ATH) price.

Shiba Inu (SHIB) Price Prediction 2029

Shiba Inu (SHIB) prices might grow past $0.00019 during the next seven years. Furthermore, hitting this level might not be so tough for SHIB due to new medium, short-term, and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, SHIB has a strong chance of reaching a new all-time high (ATH) price.

Shiba Inu (SHIB) Price Prediction 2030

Shiba Inu (SHIB) prices might grow past $0.002 during the next eight years. Furthermore, hitting this level might not be so tough for SHIB due to new medium, short-term, and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, SHIB has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Shiba Inu might reach $0.00005 in 2022 and $0.002 by 2030 if investors have decided that SHIB is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Shiba Inu (SHIB)?

Shiba Inu is a meme token with the symbol SHIB.

How to buy Shiba Inu Token?

Like other cryptocurrencies, Shiba Inu (SHIB) can be traded in cryptocurrency exchanges like Binance, Coinbase, Kucoin, Gate.io, Kraken, and others.

Will Shiba Inu surpass its present ATH?

Shiba Inu has a low possibility of surpassing its present all-time high (ATH) price of $0.00008845 in 2022.

When was Shiba Inu launched?

It was launched in the second half of 2020.

What will be the Shiba Inu (SHIB) price by 2023?

Shiba Inu’s (SHIB) price is expected to reach $0.00007 by 2023.

What will be the Shiba Inu (SHIB) price by 2024?

Shiba Inu’s (SHIB) price is expected to reach $0.00009 by 2024.

What will be the Shiba Inu (SHIB) price by 2025?

Shiba Inu’s (SHIB) price is expected to reach $0.00011 by 2025.

What will be the Shiba Inu (SHIB) price by 2026?

Shiba Inu’s (SHIB) price is expected to reach $0.00013 by 2026.

What will be the Shiba Inu (SHIB) price by 2027?

Shiba Inu (SHIB) price is expected to reach $0.00015 by 2027.

What will be the Shiba Inu (SHIB) price by 2028?

Shiba Inu (SHIB) price is expected to reach $0.00017 by 2028.

What will be the Shiba Inu (SHIB) price by 2029?

Shiba Inu (SHIB) price is expected to reach $0.00019 by 2029.

What will be the Shiba Inu (SHIB) price by 2030?

Shiba Inu (SHIB) price is expected to reach $0.002 by 2030.

More Crypto Price Predictions:

  • Bullish SHIB price prediction ranges from $0.00001967 to $0.00004835.
  • SHIB price might also reach $0.00005 this 2022.
  • SHIB’s bearish market price prediction for 2022 is $0.00000618.

Shiba Inu (SHIB) is a meme token that took the cryptocurrency space by storm. It is called “DOGECOIN KILLER” by its community and other crypto users. It was launched on the Ethereum blockchain as an ERC-20 token.

Shiba Inu investors are bullish on the token since it has had a return on investment (ROI) of over 146000 times in the past 2 years. The recent crypto winter in the first half of 2022 led to a dip in the price of SHIB after it attained a present all-time high (ATH) price of $0.00008845 in October 2021. Hence,  Ethereum whales have increased their investment in SHIB in the past few months.

If you are interested in the future of Shiba Inu (SHIB) and would want to know the price analysis and price prediction of SHIB for 2022, 2023, 2024, 2025, 2026, up to 2030, keep reading this CoinEdition article.

What is Shiba Inu (SHIB)?

Shiba Inu (SHIB) was launched in 2020 by an anonymous creator called Ryoshi. Due to the high gas fees associated with the Ethereum blockchain, SHIB developers have migrated to token to other blockchains such as Solana and Binance Smart Chain.

SHIB team has always given made the community know that they are working diligently to ensure that its hodlers are rewarded with good returns. One of such was the launch of its decentralized exchange called Shibaswap and which led to its bullish run in the last quarter of 2021. With the expectations that the effect of Shiberse will be experienced soon after its announcement in January 2022, the SHIB community is bullish on Shiba Inu’s future.

With the impact that the entrance of non-fungible tokens (NFTs) into the cryptocurrency, the launch of the Shiba Inu NFT Incubator on Shibaswap could increase the adoption of more users of the SHIB token.

Shiba Inu (SHIB) Current Market Status

The total supply of Shiba Inu (SHIB) at the moment is 589,735,030,408,323 SHIB according to CoinMarketCap. At the time of writing, SHIB is trading for $0.00001199 which represents a 24 hours decrease of 4.90%. The trading volume of Shiba Inu in the past 24 hours is $0.493 billion which represents a 62.64% decrease.

Some of the top cryptocurrency exchanges for trading Shiba Inu (SHIB) are Binance, Coinbase, Kucoin, FTX, Gate.io, Kraken, Mexc, and others.

Now that you have known what SHIB is and its current market status, we shall discuss the price analysis of Shiba Inu (SHIB) for 2022.

Shiba Inu (SHIB) Price Analysis 2022

Currently, SHIB is ranked in the 15th position on CoinMarketCap. Will developments and upgrades within the Shiba Inu community lead to a rising in the price of Shiba Inu (SHIB)? We shall see this in this CoinEdition price analysis 2022 article.

Shiba Inu (SHIB) Price Analysis- Keltner Channel

SHIB/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)
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 Shiba Inu (SHIB), it could be seen that the present bullish run could continue since the recent candlesticks are within the first half of the chart from the top. Also, since the last candlestick is bearish, the present increase in the price of SHIB might not be sustained before any reversal would be expected.

Shiba Inu (SHIB) Price Analysis- Relative Strength Index

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

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Shiba Inu (SHIB) 1day chart of SHIB/USDT is at 54.84.  This shows that SHIB is showing a strong trend since it is between 50 and 70. This value could trigger a further bullish run if more buyers could be attracted to gain from the expected price increase to the 70 RSI value, which is the overbought region, before any price correction soon.

Shiba Inu (SHIB) Price Prediction-Moving Averages

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

The chart above shows the 1Day chart of Shiba Inu’s 200-day and 100-day Moving Average (MA). Presently, SHIB is on a bullish trend as indicated in the recent uptrend. Since the 200-MA is above the 100-MA, we can deduce the price is bullish for long-term hodlers.

Also, since the gap between the moving averages is wide and within the recently formed candlesticks, the price of Shiba Inu (SHIB) might experience a big rise or fall in the future.

Shiba Inu (SHIB) Price Prediction 2022

HIB/USDT 1Day Chart (Source: Tradingview)
SHIB/USDT 1Day Chart (Source: Tradingview)

From the chart above, we can observe that the price of Shiba Inu (SHIB) was ranging between $0.00003198 at the resistance4 level and $0.00001967 at the resistance1 level, in the past few months, and then touched the $0.00000618 support2 level and $0.00000949 support1 level.

Irrespective of this sideways movement in the price of SHIB, we can deduce the following:

  1. The price of Shiba Inu (SHIB) is expected to breakout at the $0.00001967 resistance1 level, due to the history at that price. If investors have their way, the price of SHIB could surge higher to the $0.00003178 resistance4 level before reversing, due to the formation of a triple top.
  2. The reversal at resistance1 level, could lead to a further decrease in the price of SHIB up to support2 level at $0.00000618, until a double bottom is formed. This could lead to a bullish reversal.

Meanwhile, our long-term SHIB price prediction for 2022 is bullish since it might break many psychological resistances. We can expect SHIB to reach $0.00005 this year.

Shiba Inu (SHIB) Price Prediction-Resistance and Support Levels

SHIB/USDT 1Day Chart (Source: Tradingview)
SHIB/USDT 1Day Chart (Source: Tradingview)

This bullish chart shows that the price of SHIB has increased by 10.7% in the past 14 days. If this price increase continues, SHIB could break the $0.00001967 resistance1 level and move higher to $0.00004835 at the resistance6 level, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of SHIB might be dethroned from its present uptrend position. In simpler terms, SHIB might trend below the $0.00000618 support2 level, and even lower in 2022, a bearish signal.

Shiba Inu (SHIB) Price Prediction 2023

Shiba Inu (SHIB) might hit $0.00007 in 2023 if this bullish trend continues. Moreover, in the first half of 2023, the price of SHIB will see rapid growth to $0.00006. The growth will thereafter moderate, but no significant drops are predicted. By upgrading burning rewards, investors could burn more SHIB thereby reducing its volume in circulation. This could make the price of SHIB reach $0.00007 shortly.

Shiba Inu (SHIB) Price Prediction 2024

Shiba Inu’s (SHIB) price could hold the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.00009, making it not plummet but play consistently. Additionally, this could only be possible if SHIB breaks through past psychological resistance levels.

Shiba Inu (SHIB) Price Prediction 2025

Shiba Inu (SHIB) prices might grow past $0.00011 during the next three years. Furthermore, hitting this level might not be so tough for SHIB due to new medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, SHIB has a strong chance of reaching a new all-time high (ATH) price.

Shiba Inu (SHIB) Price Prediction 2026

Shiba Inu (SHIB) prices might grow past $0.00013 during the next four years. Furthermore, hitting this level might not be so tough for SHIB due to new medium, short-term, and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, SHIB has a strong chance of reaching a new all-time high (ATH) price.

Shiba Inu (SHIB) Price Prediction 2027

Shiba Inu (SHIB) prices might grow past $0.00015 during the next five years. Furthermore, hitting this level might not be so tough for SHIB due to new medium, short-term, and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, SHIB has a strong chance of reaching a new all-time high (ATH) price.

Shiba Inu (SHIB) Price Prediction 2028

Shiba Inu (SHIB) prices might grow past $0.00017 during the next six years. Furthermore, hitting this level might not be so tough for SHIB due to new medium, short-term, and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, SHIB has a strong chance of reaching a new all-time high (ATH) price.

Shiba Inu (SHIB) Price Prediction 2029

Shiba Inu (SHIB) prices might grow past $0.00019 during the next seven years. Furthermore, hitting this level might not be so tough for SHIB due to new medium, short-term, and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, SHIB has a strong chance of reaching a new all-time high (ATH) price.

Shiba Inu (SHIB) Price Prediction 2030

Shiba Inu (SHIB) prices might grow past $0.002 during the next eight years. Furthermore, hitting this level might not be so tough for SHIB due to new medium, short-term, and long-term price objectives for purchase or sell orders, may be discovered. According to the forecast, SHIB has a strong chance of reaching a new all-time high (ATH) price.

Conclusion

As said above, Shiba Inu might reach $0.00005 in 2022 and $0.002 by 2030 if investors have decided that SHIB is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

What is Shiba Inu (SHIB)?

Shiba Inu is a meme token with the symbol SHIB.

How to buy Shiba Inu Token?

Like other cryptocurrencies, Shiba Inu (SHIB) can be traded in cryptocurrency exchanges like Binance, Coinbase, Kucoin, Gate.io, Kraken, and others.

Will Shiba Inu surpass its present ATH?

Shiba Inu has a low possibility of surpassing its present all-time high (ATH) price of $0.00008845 in 2022.

When was Shiba Inu launched?

It was launched in the second half of 2020.

What will be the Shiba Inu (SHIB) price by 2023?

Shiba Inu’s (SHIB) price is expected to reach $0.00007 by 2023.

What will be the Shiba Inu (SHIB) price by 2024?

Shiba Inu’s (SHIB) price is expected to reach $0.00009 by 2024.

What will be the Shiba Inu (SHIB) price by 2025?

Shiba Inu’s (SHIB) price is expected to reach $0.00011 by 2025.

What will be the Shiba Inu (SHIB) price by 2026?

Shiba Inu’s (SHIB) price is expected to reach $0.00013 by 2026.

What will be the Shiba Inu (SHIB) price by 2027?

Shiba Inu (SHIB) price is expected to reach $0.00015 by 2027.

What will be the Shiba Inu (SHIB) price by 2028?

Shiba Inu (SHIB) price is expected to reach $0.00017 by 2028.

What will be the Shiba Inu (SHIB) price by 2029?

Shiba Inu (SHIB) price is expected to reach $0.00019 by 2029.

What will be the Shiba Inu (SHIB) price by 2030?

Shiba Inu (SHIB) price is expected to reach $0.002 by 2030.

More Crypto Price Predictions:

 

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