- The Shiba INU price closed the previous day’s trade at $0.000013 with a market capitalization of $7.15 billion and a circulating supply of 549,063.28 billion SHIB
- The SHIB price is strongly heading towards the immediate highs as the token appears to be preparing for 22% jump before the end of the monthly trade
Shiba INU (SHIB) PRICE & Technical ANALYSIS
|SHIB Price Prediction for Today||$0.00001430|
|14 Day RSI||53.23|
|Fear and Greed Index||25 (Extreme Fear)|
|Green Days||12/30 (40%)|
Additional Read: Top Metaverse Coins
Shiba INU Technical Analysis for the Month
Shiba INU raised significantly high after testing the lower support at $0.00001214 for quite a long time. The price is attempting very hard to regain the positions above the trend line, for which the SHIB token price is required to rise above the next resistance at $0.00001406. /the bears are trying to restrict the price below these levels but after experiencing a prolonged bearish action, the price may break out soon.
After reaching the neckline of the double-bottom pattern that coincides with the local resistance at $0.000014, the price may rise high and regain levels beyond $0.000015. The Shiba INU price is trading at $0.000013 at the momentum which may rise beyond $0.000016 by the end of the monthly trade.
Shiba INU Technical Analysis at a Glance
The Shiba INU price has been largely bullish for the past couple of months despite the reduced volatility & volume. The token has been receiving a massive influx of liquidity now and then which has helped the price to remain elevated. Therefore, it is quite evident that the bulls have maintained a notable strength and hence may not allow the price to drop below the crucial support levels.
|Short Term||Despite the bearish pressure, the SHIB price trades above the average region, flashing significant bullish signals|
|Mid Term||The SHIB price appears due for a strong breakout as the selling volume has eased up notably|
|Long Term||In the long term, the selling pressure has eased but the buying volume lacks the required volume and hence maintain a stagnant trend|
Read more at SHIBA INU Technical Analysis
Will SHIB Price Reach $0.00001406 Today?
The SHIB price has been heavily consolidated along $0.00001214 for nearly a couple of weeks before the price managed to leap long during the weekend. The bears attempted very hard to close the previous day’s trade on a bearish note, but the price sustain above $0.000013 until press time.
Therefore, the Shiba INU token is expected to trade within the predefined levels between $0.00001347 & $0.00001279 until the day’s close. The volatility is expected to surge and the price may break above the immediate resistance in the next couple of hours. However, until the day’s close the price may raise high if a significant influx of volume is induced, else may remain consolidated at the same levels.
Will SHIB Price Reach $0.00002 by the End of the Month?
After dropping by more than 75% since the May highs, the Shiba INU price remained restricted below $0.000014, which includes a fakeout that spiked high to hit $0.00001761. As mentioned before, the price is attempting very hard to surpass the immediate resistance at $0.000014 and regain the position above the uptrend line to secure $0.000015.
The Shib Inu price prediction for the month can be around $0.00002 if the market sentiments coil up ahead of the Ethereum Merge & Cardano’s Vasil Hard Fork. The price is expected to raise high and surpass $0.00001809 initially and if the Shiba INU token withstands the bearish action, may eventually surpass $0.00002 before the end of the month.
Shiba INU Price Prediction: Price Trend Comparison with Dogecoin(DOGE)
- Shiba INU & Dogecoin are among the popular tokens within the crypto space, aiming to enter the top 10 positions at the earliest
- The price trend remained pretty much similar since the beginning of August, but the SHIB coin price gained extensive bullish momentum and raised high leaving DOGE behind.
- The DOGE/USDT also surged notably but faced a massive rejection as it reached +29.65% and currently trading at -3.07% at the press time
- On the other hand, the SHIB/USDT price spiked high to hit +49.57% and dropped heavily to trade at -3.04% at the press time.
Additional Read: Dogecoin Price Prediction
Shiba INU Price Prediction: 2022, 2023, 2024, 2025
The Shiba INU price is heavily consolidating but an extended bearish pressure may eventually rise the price high. By the end of the monthly trade, the price may rise to slice through $0.00001809 resistance. By the end of the year, the price may find new yearly highs and ignite a bullish start for the coming years.
|Year||SHIB Price Forecast|
|2022||$0.000034 to $0.000042|
|2023||$0.000050 to $0.000064|
|2024||$0.000055 to $0.000062|
|2025||$0.000066 to $0.000068|
Additional Read: Shiba INU Price Prediction 2022
Shiba INU News Today
- The Shiba INU token is currently the most accumulated token by the top 500 Ethereum Whales. According to WhaleSats, the top ETH whales are now holding over $157.4 million worth of SHIB, 5.3% of their entire holdings.
🐳 The top 500 #ETH whales are hodling
— WhaleStats (tracking crypto whales) (@WhaleStats) September 10, 2022
- Recently, a Shiba INU whale purchased 1713 trillion SHIB tokens equivalent to more than $22.2 million