Shiba Inu (SHIB) is currently trading at $0.00000922 with a 24-hour trading volume of $327,077,480, according to CoinMarketCap. SHIB, on the other hand, has dropped by nearly 0.2% in the last 24 hours.
Furthermore, there are 589,372,293,271,537 Shiba Inu (SHIB) in circulation. Shiba Inu (SHIB) is currently traded on some of the largest crypto exchanges including Binance, Coinbase Exchange, KuCoin, OKX, MEXC, and Gate.io.
What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) debuted on the Ethereum blockchain and is also available on the Binance Smart Chain (BSC). Ryoshi, a pseudonymous founder, created and launched this popular meme coin in 2020.
Shiba Inu exists as a potential competitor to the most popular meme coin, Dogecoin (DOGE), and is thus dubbed the DOGE killer.
Shibarium Financial Ecosystem, a new Defi project, is being developed by the network. SHIBFE is followed by the launch of SHI, its native stablecoin that is pegged to dollar.
Shiba Inu (SHIB) Price Prediction 2022
Shiba Inu (SHIB) is currently ranked 14th on CoinMarketCap. With a daily time frame, SHIB price prediction 2022 is explained below.
SHIB chart above shows the descending channel pattern, also known as the falling channel. Two parallel trendlines form a descending channel.
The upper trendline, which connects the highs, and the lower trendline, which connects the lows, run downwards in parallel. This pattern is indicative of a bearish market.
Shiba Inu is currently trading in the $0.00000878 range. If the pattern holds, the price of SHIB could reach resistance levels of $0.00001149, $0.00001391 and $0.00001793. If the trend changes, the price of SHIB could fall to $0.00000836.
Shiba Inu (SHIB) Support and Resistance Levels
The graph below depicts Shiba Inu support and resistance levels.
We can clearly interpret the following as Shiba Inu resistance and support levels based on the above daily time frame.
| Resistance Level 1 | $0.00001317 |
| Resistance Level 2 | $0.00002019 |
| Resistance Level 3 | $0.00003023 |
| Support Level | $0.00000723 |
Shiba Inu (SHIB) has shown a bullish trend over the last month, according to the charts. If this trend continues, SHIB may follow the bulls and break through its resistance level at $0.00003023.
As a result, if investors turn against cryptocurrency, the price of Shiba Inu (SHIB) could fall to nearly $0.00000723, indicating a bearish signal.
Shiba Inu Price Prediction 2022 — ADX, RVI
Let’s take a look at Shiba Inu’s Average Directional Index (ADX). It aids in determining the overall strength of the trend. The indicator is the average of the values in the expanding price range.
This system attempts to measure the strength of price movement in both positive and negative directions by using DMI indicators and ADX.
The Shiba Inu ADX is depicted in the chart above (SHIB). The ADX of SHIB is currently in the range of 30.8169, indicating a strong trend.
The above graph also depicts Shiba Inu’s Relative Volatility Index (RVI) (SHIB). RVI calculates the constant deviation of price changes over time.
SHIB’s RVI is less than 50, indicating low volatility. Shiba Inu (SHIB)’s RSI is currently at 36.94, confirming a potential buy signal.
Comparison of SHIB to BTC and ETH
The chart below compares the prices of Bitcoin (BTC), Ethereum (ETH), and Shiba Inu.
According to the above chart, the price movements of BTC, ETH, and SHIB are all following a similar pattern. This means that when the price of BTC and ETH rises or falls, the price of SHIB rises or falls accordingly.
Shiba Inu (SHIB) Price Prediction 2023
Shiba Inu (SHIB) could reach $0.00003 by 2023 if the declining price action completely slows down and the trend reverses.
Shiba Inu (SHIB) Price Prediction 2024
Shiba Inu (SHIB) may enter a bullish trend as a result of network upgrades. If the coin catches the attention of major investors, SHIB could rise to $0.00005 by 2024.
Shiba Inu (SHIB) Price Prediction 2025
If Shiba Inu (SHIB) maintains major resistance levels and remains a better investment option among investors for the next three years, SHIB will rally to $0.00007.
Shiba Inu (SHIB) Price Prediction 2026
If Shiba Inu (SHIB) maintains major resistance levels and remains a better investment option among investors for the next three years, SHIB will rally to $0.00007.
Bottom Line
We can say that 2023 will be a good year for SHIB due to continuous improvements in the Shiba Inu network. As a result, the bullish price forecast for Shiba Inu (SHIB) in 2023 is $0.00003023.
Furthermore, with the advancements and upgrades to the Shiba Inu ecosystem, SHIB’s performance would help it to quickly surpass its current all-time high (ATH) of $0.00008616.
However, if investors believe that SHIB is a good investment in 2022, it could reach $0.00002.
FAQ
1. What is Shiba Inu (SHIB)?
Shiba Inu (SHIB) is a popular memecoin that was released as an ERC-20 token in 2020. It is compatible with the Ethereum blockchain as well as the Binance Smart Chain.
2. Where can you purchase Shiba Inu (SHIB)?
Shiba Inu (SHIB) is listed on several crypto exchanges like Binance, Coinbase Exchange, KuCoin, OKX, MEXC, and Gate.io.
3. What is the current all-time high (ATH) of Shiba Inu (SHIB)?
Shiba Inu (SHIB) reached a new all-time high (ATH) of $0.00008616 on October 28, 2021.
4. Is Shiba Inu (SHIB) a good investment in 2022?
Shiba Inu (SHIB) appears to be one of the year’s top-performing cryptocurrencies. Shiba Inu’s recent achievements indicate that SHIB will be a good investment in 2022.
5. Can Shiba Inu (SHIB) reach $0.00002?
Shiba Inu (SHIB) is one of the active cryptocurrencies that is still bullish. If the current bullish trend continues, Shiba Inu (SHIB) will soon reach $0.00002.
6. What will be Shiba Inu (SHIB) price by 2023?
The price of Shiba Inu (SHIB) is expected to reach $0.00003 by 2023.
7. What will be Shiba Inu (SHIB) price by 2024?
The price of Shiba Inu (SHIB) is expected to reach $0.00005 by 2024.
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