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Shiba INU Price Prediction: Whales Accumulation Reach Skies, Will SHIB Price Raise To $0.00002?

Shiba INU Coin Price

Key Takeaways:

Shiba INU (SHIB) PRICE & Technical ANALYSIS 

Current Price $0.00001316
SHIB Price Prediction for Today $0.00001430
Volatility  8.69%
50-Day SMA $0.00001258
14 Day RSI 53.23
Sentiment Neutral
Fear and Greed Index 25 (Extreme Fear)
Green Days 12/30 (40%)
200-Day SMA $0.00001618

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) 

Source: Tradingview

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

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