Key takeaways
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In 2024, the Shiba Inu coin price prediction could reach a maximum value of $0.000018
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In 2027, the SHIB price can reach a maximum value of $0.000058.
- The price of Shiba Inu is predicted to reach a minimum value of $0.000138 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 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 SHIB sustain its momentum and solidify its position in the crypto market? Can SHIB ever reach $1?
Overview
| Cryptocurrency | Shiba Inu |
| Token | SHIB |
| Price | $0.00001315 |
| Market Cap | $8,616,207,852 |
| Trading Volume | $243,533,156 |
| Circulating Supply | 589,270,237,177,971 |
| All-time High | $0.00008845 (Oct 27, 2021) |
| All-time Low | $0.00000000008165 (Aug 31, 2020) |
| 24 hour high | $0.00001403 |
| 24 hour low | $0.00001278 |
Shiba Inu price analysis: SHIB struggles at $0.000013 amidst whale activity and market uncertainty
Key Takeaways
- Shiba Inu price shows a downward trend, currently at $0.00001301, reflecting broader market uncertainties.
- SHIB experiences a 406% spike in large transactions, indicating whale activity and potential strategic shifts.
- Technical indicators suggest a neutral to bearish outlook, with SHIB consolidating within Keltner Channels.
Shiba Inu price analysis on September 18th shows that the prominent meme coin has experienced a minor decline in its trading price today, now at $0.00001301. Despite a general downturn of 3.32% in market value, the token displays a lively trading environment with a 24-hour volume reaching $126.5 million. This activity reflects a broader sentiment in the cryptocurrency market, particularly as investors and traders navigate uncertainties such as upcoming financial decisions from global entities like the Federal Reserve. This has triggered notable fluctuations in whale activities, with large transactions spiking significantly, suggesting keen interest in the token’s movements and potential strategic shifts by major holders.
IntoTheBlock data reveals a striking 406% increase in large transactions, each valued over $100,000, over the past three days, hinting at increased accumulation or redistribution by whales.
Concurrently, the SHIB burn rate has soared by an astounding 3,348%, with approximately 7.8 million tokens removed from circulation within a single day. This strategic token burn could influence market dynamics by reducing supply and potentially setting the stage for price adjustments.
Additionally, SHIB’s market cap remains robust at approximately $7.67 billion, securing its position as the 13th largest cryptocurrency, a testament to its significant foothold in the market despite volatile trading conditions.
SHIB daily chart analysis: SHIB faces a steady downtrend as technical indicators turn bearish
Analyzing Shiba Inu through the daily chart, SHIB has been on a steady downward trend over the last few hours, marking a slight decline to $0.00001301. This movement is encapsulated within a broader range observed on the chart.
SHIB has demonstrated a consistent ebb and flow, mirroring the general market’s reaction to external economic indicators and internal crypto-specific events like the K9 Finance launch. The trading volume peaks also correlate with substantial news drops and whale activities, emphasizing the impact of substantial transactions and investor sentiment on SHIB’s price trajectory.
Technical indicators on the daily chart, such as the Relative Strength Index (RSI) and Stochastic RSI, suggest a neutral to slightly bearish outlook, with the RSI hovering around the mid-range, signaling neither overbought nor oversold conditions. This technical ambivalence gives traders a cautious narrative, indicating that SHIB might settle into a consolidation phase before any significant price movement. It is crucial to monitor these indicators closely as they might precede potential pivots or continuation patterns in the market.
SHIB 4-Hour Chart Analysis: Shiba Inu’s Tug of War within Keltner Channels
Shiba Inu’s (SHIB) recent price activity on the 4-hour chart showcases a constrained movement within a defined range, bordered by the Keltner Channels, indicating a consolidation phase. The current price oscillation is characterized by the SHIB price frequently touching and occasionally breaching the lower boundary of these channels. This movement suggests tentative testing of support levels, where buying interest may be gauged.
Simultaneously, the Moving Average Convergence Divergence (MACD) remains subdued below the baseline, with the MACD line slightly below the signal line, reinforcing the ongoing bearish sentiment within this timeframe. This configuration underscores a cautious market, where sellers currently have a slight upper hand but without significant momentum to drive the price substantially lower.
The volume associated with SHIB transactions in these periods appears relatively consistent, lacking significant spikes, suggesting a wait-and-see approach among traders. This trading behavior aligns with the MACD’s position, where the absence of strong bullish momentum confirms the market’s uncertainty. The narrow spacing of the Keltner Channels further implies a low-volatility environment for SHIB, where large price swings are less likely without a catalyst. Traders might be looking for external market events or fundamental developments within the Shiba Inu ecosystem that could provide the necessary impetus for a decisive market move.
As SHIB continues to navigate within the tight confines of its current trading range, identifying key support and resistance levels becomes crucial for anticipating future price movements. The lower boundary of the Keltner Channels, sitting around $0.00001287, is an immediate support level to watch. A consistent closure below this level might indicate a breakdown and potential further declines. Conversely, the middle line of the Keltner Channels, currently at $0.00001330, acts as an interim resistance level. Should SHIB push above this line with increasing trading volume, it could suggest a shift in market sentiment from bearish to bullish, potentially leading to higher prices. The upper boundary of the Keltner Channels at $0.00001373 offers a longer-term resistance target, a breach of which could validate a stronger upward trend.
Shiba Inu coin Price Prediction: Technical Analysis
| Metric | Value |
| Price Prediction | $ 0.00001312 (-2.79%) |
| Volatility | 8.29% |
| 50-Day SMA | $ 0.00001713 |
| 14-Day RSI | 26.70 |
| Sentiment | Bearish |
| Fear & Greed Index | 17 (Extreme Fear) |
| Green Days | 12/30 (40%) |
| 200-Day SMA | $0.00002012 |
Shiba Inu technical indicators: Levels and action
Daily Simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 0.00001454 | SELL |
| SMA 5 | $ 0.00001508 | SELL |
| SMA 10 | $ 0.00001583 | SELL |
| SMA 21 | $ 0.00001686 | SELL |
| SMA 50 | $ 0.00001713 | SELL |
| SMA 100 | $ 0.00002062 | SELL |
| SMA 200 | $ 0.00002012 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 0.00001500 | SELL |
| EMA 5 | $ 0.00001544 | SELL |
| EMA 10 | $ 0.00001606 | SELL |
| EMA 21 | $ 0.00001666 | SELL |
| EMA 50 | $ 0.00001793 | SELL |
| EMA 100 | $ 0.00001933 | SELL |
| EMA 200 | $ 0.00001880 | SELL |
Shiba Inu Recent news
- Shiba Inu is gearing up for significant developments within its ecosystem, highlighted by the imminent launch of the Bonecrusher Mainnet and the K9finance liquid staking platform on Shibarium, set to enhance SHIB’s value through increased transaction volume and a boosted total value locked (TVL)
- A recent update from a Shiba Inu team member hints at an intriguing evolution of the ecosystem, potentially involving the new TREAT token, sparking widespread speculation among enthusiasts and investors.
Is Shiba Inu a good investment?
Shiba Inu (SHIB) has shown potential as a worthwhile investment, driven by several key factors that could spark a significant rally in its price. Despite delisting a low-volume trading pair, Binance continues to support SHIB despite maintaining eight active spot pairs, including SHIB/USDT. Coinbase Derivatives plans to launch a regulated futures contract for SHIB, potentially increasing investor exposure starting July 15. Additionally, Grayscale has spotlighted SHIB among the top 10 most valuable assets, enhancing its visibility and credibility in the market.
Recent data reveals a 6,000% surge in SHIB’s burn rate, reducing supply and fostering positive market sentiment. The upcoming Bitcoin conference featuring Donald Trump and Welly’s fast-food chain expansion inspired by Shiba Inu further adds to the bullish outlook. Although SHIB remains volatile, these developments suggest a promising future for the token, making it an intriguing option for investors looking to diversify their cryptocurrency portfolio.
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 capitalization required. Significant demand increases and supply reductions would be necessary to approach such a price.
Will SHIB reach $10
It is highly unlikely that SHIB will reach $10 due to its enormous circulating supply and the unrealistic market capitalization required.
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 SHIB may have a promising long-term future. However, its success will depend on continued adoption, market trends, and developments within the cryptocurrency space.
Shiba Inu coin price prediction for September 2024
Based on the price fluctuations of Shiba Inu at the beginning of September 2024, the average SHIB rate is expected to be $0.00001453. Its minimum and maximum prices can be expected at $0.00001438 and $0.00001504, respectively.
| Month | Potential Low | Potential Average | Potential High |
| September | $0.00001438 | $0.00001453 | $0.00001504 |
Shiba Inu coin price prediction 2024
In 2024, the minimum price of Shiba Inu will be around $0.00001259. The maximum expected price for SHIB may be around $0.00001365. On average, the trading price might be $0.00001315.
| Year | Potential Low | Potential Average | Potential High |
| 2024 | $0.00001259 | $0.00001315 | $0.00001365 |
Shiba Inu coin price prediction 2024-2030
| Year | Minimum | Average | Maximum |
| 2025 | $0.000023 | $0.000023 | $0.000027 |
| 2026 | $0.000032 | $0.000034 | $0.000039 |
| 2027 | $0.000047 | $0.000048 | $0.000058 |
| 2028 | $0.000068 | $0.000070 | $0.000081 |
| 2029 | $0.000097 | $0.000100 | $0.000118 |
| 2030 | $0.000138 | $0.000143 | $0.000166 |
Shiba Inu coin Price Prediction 2025
The Shiba Inu price is forecast to reach the lowest possible level of $0.000023 in 2025. According to the findings, the SHIB price could reach the maximum possible level of $0.000027 with an average forecast price of $0.000023.
Shiba Inu coin price Prediction 2026
The price of Shiba Inu is predicted to reach a minimum value of $0.000032 in 2026. The Shiba Inu price could reach a maximum value of $0.000039 with an average trading price of $0.000034 throughout 2026.
Shiba Inu coin Price Prediction 2027
According to the forecast price and technical analysis, the price of Shiba Inu is predicted to reach a minimum level of $0.000047 in 2027. The SHIB price can reach a maximum level of $0.000058, with an average trading price of $0.000048.
Shiba Inu coin Price Prediction 2028
The price of Shiba Inu is predicted to reach a minimum value of $0.000068 in 2028 and a maximum value of $0.000081, with an average trading price of $0.000070.
Shiba Inu coin Price Prediction 2029
The price of Shiba Inu is expected to reach a minimum level of $0.000097 in 2029. The SHIB price can reach a maximum level of $0.000118 with an average price of $0.000100 throughout 2029.
Shiba Inu coin Price Prediction 2030
In 2030, the price of Shiba Inu is forecasted to be around a minimum value of $0.000138. The price can reach a maximum of $0.000166, with an average trading value of $0.000143.
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. The price of Shiba Inu could reach a maximum value of $0.000088 with an average trading price of $0.000078.
Shiba Inu historic price sentiment
- 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, the price of Shiba Inu 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.
