Key Takeaways
- Shiba Inu Current Status: Shiba Inu price continues to trade under a bullish influence, regardless of the selling pressure that has been hindering the progress of the crypto market rally. However, the price is expected to trigger a healthy rebound after experiencing a brief consolidation.
- Market Performance: After rising by over 45%, the Shiba Inu price is facing a small pullback of 3.67% in the past 24 hours. The market capitalization also dropped by 3.68%, standing at $9.98 billion as the SHIB price trades at . Besides, the bullish sentiments have risen to 86% while the Fear-Greed Index has slipped to 37, suggesting a fear among the market participants.
- Technical Analysis: The attempts to rise above the 200-day Moving average have failed for the third consecutive time, indicating a strong presence of the bears. Meanwhile, the technical indicators remain in bullish favor, which suggests the price may soon experience a strong rebound and eventually achieve levels above the upper threshold, probably at around $0.000025.
- SHIB Price Prediction: The Shiba Inu price is slowly ranging towards the upper targets, mainly to deviate bearish attention. Meanwhile, the volume remains the main concern as it has failed to rise and sustain above $350 million since the start of the month. Therefore, the SHIB price is believed to maintain a consolidated ascending trend, defending the lower support, which could elevate the levels beyond the threshold.
- Future Outlook: The on-chain data reveals a significant surge in whale activity in the recent past, but the trader’s interest in the token seems to have dropped due to Shibarium’s challenges. However, the token has displayed magnificent moves in the past and hence is believed to demonstrate a strong ascending chart pattern in the coming days.
Where will Shiba Inu Price Head Next?
- Shiba Inu price has been ranging within an ascending parallel channel and after facing rejection, the bulls are looking for the right time to enter.
- The Relative Strength Index remains incremental while holding the lower ascending trend line as a strong support. Hence indicating the probability of maintaining a healthy ascending trend.
- Besides, the Moving Average Convergence Divergence displays a decent rise in the selling pressure after the recent bearish crossover.
- Therefore, the SHIB price is believed to experience a minor pullback slightly below $0.0000168 and further trigger a strong rebound to reach the upper resistance of the channel at $0.000022.
| Indicator | Value |
|---|---|
|
Support levels (Fibonacci, S1/S2/S3)
|
$0.0000136 / $0.0000114/ $0.00000783
|
|
Resistance levels (Fibonacci, R1/R2/R3) |
$0.000020 / $0.000022 / $0.000026
|
|
50-day EMA |
$0.000015828
|
|
200-day EMA |
$0.000016859
|
|
RSI level |
53.56 |
|
MACD level (Signal Line) |
0.000000661 |
Shiba Inu Price Prediction October 2024
Shiba Inu price displayed a magnificent run during the first quarter but later maintained a descending consolidation till the last month. The rebound continues to prevail till now, which may overcome the ongoing bearish activity. However, the volume has dropped significantly, which may hinder the rally’s progress for a while. In the last few days, the SHIB price is believed to have geared up and risen above the average range at around $0.0000185 at the end.
After gaining some strength, the bulls are expected to maintain a strong momentum for a long time. This could keep the price elevated and push the price beyond the crucial resistance at $0.00002. With this, the buying pressure may continue to pile up, which could keep up a strong ascending trend for the rest of the month. At the end of the month, the Shiba Inu price is believed to trade between $0.000022 to $0.000025.
When SHIB price entered the last few weeks of the quarter, the bulls are expected to gear up heavily with a giant influx of buying volume. Meanwhile, the bears are believed to remain passive, as the bulls are expected to keep up a huge dominance over the rally. With this, the token could rise above $0.000025 and end the monthly trade above $0.000028.
Shiba Inu Price Prediction 2025
SHIB price is expected to follow an upward path, likely entering a strong bullish phase. By the end of Q1, it may reach the peak of the current bull run, estimated between $0.000165 and $0.000195. In the second half, while the pace of growth could slow, bullish momentum is expected to persist, leading to possible rejections near the $0.0002 mark. Eventually, bearish pressure might take over, prompting a healthy correction that could stabilize the price between $0.000095 and $0.000112 by year’s end.
SHIB price may continue to face bearish influences at the start of 2026, potentially pushing the price lower. As the year progresses, a steeper decline might occur as bulls struggle to uphold support levels. This decline could signal the onset of a bear market following the earlier bull phase, with the price potentially dropping by 60% to 70% from recent highs, and possibly settling between $0.0000678 and $0.0000695 by year’s end.
Shiba Inu price is likely to remain in a bear market throughout 2027, following the steep downtrend from the previous year. During this period, the price may continue setting lower highs and lows, reflecting growing bullish interest and the potential for a trend reversal. The bear market could begin to turn around by early Q3, setting the stage for gradual recovery. A more significant upswing might occur towards year’s end, with the price potentially reaching around $0.000119.
In 2028, SHIB price may show signs of optimism following a prolonged period of bearish pressure. The price is anticipated to follow a steady upward trend, with bulls gradually gaining strength. By mid-year, SHIB price could surpass the $0.0002 level, bolstering bullish sentiment. In the latter half, the recovery could gain momentum, potentially pushing the price beyond previous bearish influences. By year’s end, SHIB might trade within the $0.00028 to $0.00032 range, indicating a more positive outlook compared to earlier bearish phases.
In 2029, after enduring significant bearish pressure, SHIB price is expected to show optimism with a steady upward trend as bulls gradually gain momentum. By mid-year, the price could surpass $0.00042, reinforcing bullish confidence. As the second half progresses, a notable recovery phase may drive the price beyond prior bearish resistance. By year’s end, SHIB could be trading within a range of $0.0005 to $0.000532.
The year 2030 is anticipated to begin with strong bullish momentum for SHIB price, holding above $0.00052. Despite reaching new all-time highs, the upward trend is likely to persist, with potential for continued growth. By mid-year, the price might range between $0.00055 and $0.00062. In the latter half, this trend could intensify, although potential bearish challenges may suggest the bull run is nearing its peak. After hitting an estimated high of $0.00075 to $0.00082, the year might close with the price stabilizing around $0.00055 to $0.00062.
Will Shiba Inu Price Rise Again in 2024?
SHIB price has demonstrated considerable resilience in its initial trading phase, effectively maneuvering through bearish conditions. This robust performance bodes well for SHIB price prospects in 2024, with expectations of maintaining a steady upward trajectory despite occasional encounters with bearish pressures.
