Shiba Inu (SHIB) Price Prediction 2024, 2025–2030 | CoinCodex (2024)

According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to drop by -0.69% and reach $ 0.00001397 by October 13, 2024. Per our technical indicators, the current sentiment is Neutral while the Fear & Greed Index is showing 32 (Fear). Shiba Inu recorded 15/30 (50%) green days with 4.53% price volatility over the last 30 days. Based on the Shiba Inu forecast, it's now a good time to buy Shiba Inu.

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Based on the historical price movements of Shiba Inu and the BTC halving cycles, the yearly low Shiba Inu price prediction for 2025 is estimated at $ 0.00001169. Meanwhile, the price of Shiba Inu is predicted to reach as high as $ 0.00006139 next year. Using the same basis, here is the Shiba Inu price prediction for each year up until 2030.

Shiba Inu price prediction 2025

The Shiba Inu price prediction for 2025 is currently between $ 0.00001169 on the lower end and $ 0.00006139 on the high end. Compared to today’s price, Shiba Inu could gain 337.95% by 2025 if SHIB reaches the upper price target.

Shiba Inu price prediction 2030

The Shiba Inu price prediction for 2030 is currently between $ 0.00001516 on the lower end and $ 0.00005289 on the high end. Compared to today’s price, Shiba Inu could gain 277.31% by 2030 if it reaches the upper price target.

Shiba Inu's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Shiba Inu's 200-day SMA will drop in the next month and will hit $ 0.00001782 by Oct 13, 2024. Shiba Inu's short-term 50-Day SMA is estimated to hit $ 0.00001604 by Oct 13, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 47.70, which indicates that the SHIB market is in a neutral position.

Popular SHIB Moving Averages and Oscillators for Sat, Sep 14, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Shiba Inu Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

Shiba Inu Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.00001344, Shiba Inu has support levels of $ 0.00001334, $ 0.00001315, and the strongest at $ 0.00001305. Similarly, Shiba Inu resistance levels are at $ 0.00001363, $ 0.00001372, and $ 0.00001391.

Shiba Inu Correlation

Over the past 7 days, Shiba Inu price was most positively correlated with the price of Pepe Coin (PEPE), Dogecoin (DOGE), Tezos (XTZ), The Graph (GRT) and Theta Token (THETA) and most negatively correlated with the price of Helium (HNT), StarkNet (STRK), Arweave (AR), Monero (XMR) and Litecoin (LTC).

Shiba Inu price is positively correlated with the top 10 coins by market cap with a price of 0.765, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.783.

Currencies that are positively correlated with Shiba Inu indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Shiba Inu, a move in one direction for Shiba Inu would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the Shiba Inu price in the future, it’s helpful to also explore Shiba Inu’s price history. In the last month, the SHIB/USD pair is down .

Shiba Inu Price Analysis

How to read and predict Shiba Inu price movements?

Shiba Inu traders use a variety of tools to try and determine the direction in which the SHIB market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Shiba Inu price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Shiba Inu Price Prediction Indicators

Moving averages are among the most popular Shiba Inu price prediction tools. As the name suggests, a moving average provides the average closing price for SHIB over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for SHIB is a sum of SHIB’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the SHIB price moves above any of these averages, it is generally seen as a bullish sign for Shiba Inu. Conversely, a drop below an important moving average is usually a sign of weakness in the SHIB market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the SHIB price.

How to read Shiba Inu charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Shiba Inu with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Shiba Inu’s price action in 1-hour chunks. Each candlestick will display SHIB’s opening price, closing price, as well as the highest and lowest prices that Shiba Inu reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Shiba Inu?

Just like with any other asset, the price action of Shiba Inu is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of SHIB. The market capitalization of Shiba Inu can change significantly in a short period of time.

When trying to make a Shiba Inu forecast, many traders also try to monitor the activity of SHIB “whales”, which are entities and individuals that control large amounts of SHIB. Since the Shiba Inu market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Shiba Inu’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.