Shiba Inu Price Prediction: SHIB Price Incurs a Weekly Loss of 2%, Here’s What Awaited Next!

Key Takeaways

• The Shiba Inu price is trying hard to halt the prevailing bearish trend it has carried for over a few months.
• The bears still appear to have major dominance, while the bulls are making various attempts to regain it.
• The technicals continue to favor the bears, but with the changing market sentiments, the bulls are believed to attain immense strength soon.

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Shiba Inu Overview as of August 30, 2023

Shiba Inu Price	$0.000008274
24 Price Change	+1.75%
7D Price Change	+1.24%
Market Cap	$4.87 billion
Circulating Supply	589.34 trillion
Trading Volume (24-Hour)	$170.64 million
ATH	$0.00008845
Fear-Greed Index	39 (Fear)
Sentiment	Neutral
Volatility	9.59%
Green Days	13/30 (43%)

Shiba Inu Technical Analysis

Bullish	57%
Bearish	43%

Source: Tradingview

• The Shiba Inu preserved an ascending trend ever since it met its lows in the first half of June, which has remained the same despite the recent pullback.
• The token is experiencing a significant rise in trading volume, with the bulls having a major share. Hence, the SHIB price can exhibit notable strength.
• The price is closely trending along the lower support of the rising wedge; hence, a bullish rebound could be fast approaching.
• Besides, the price is stuck between the 100-day EMA, which acts as resistance, and the 100-day SMA, which offers a strong support base.
• As the RSI is not flashing strong bullish signals, the possibility of a short-term bearish reversal could be imminent, followed by a rebound. 

Read More: Shiba Inu Price Prediction

SHIB Price Prediction 2023-2030

Year	Minimum Price / Maximum Price
2023	$0.0000115 to $0.000012
2024	$0.000095 to $0.000105

Shiba Inu Price Prediction August 2023

Initiating the month with a bearish undertone, the crypto swiftly gained momentum during the opening weekend, propelling it upwards. Displaying resilience against bearish pressures, the price sustained its bullish drive. There’s potential for SHIB’s value to exceed $0.000009 in the upcoming days.

As the monthly close is on the cards, the price could potentially set the stage for a positive trajectory till the end. As a result, the monthly closure for Shiba Inu’s price might range between $0.0000092 and $0.0000098.

Shiba Inu Price Prediction September 2023

Following a minor upward movement in late August, Shiba Inu’s prices might experience a slight correction in September. The bullish momentum could weaken temporarily, allowing bears to take profits, resulting in a minor pullback. Nonetheless, prolonged bullish action might be absent, leading to a period of price stability. 

Given historical patterns of September being bearish, the chance of a significant rebound appears to be limited. Consequently, it’s plausible that SHIB prices could conclude the month’s trading within the range of $0.00000895 to $0.0000911.

Shiba Inu Price Prediction October 2023

As the year progresses into its final quarter, there’s a potential uptick in market volatility. Traders’ optimism for a bullish year-end could attract a fresh influx of liquidity, bolstering the remaining months’ price levels. Point to note, the historical data points to significant October gains, suggests a continuation of this trend. 

The price movement reflects the shifting market sentiments in favor of bulls. Consequently, the price of SHIB could conclude the trading period in October within a range spanning from $0.000012 to $0.0000135. 

Shiba Inu Price Prediction November 2023

In November, the Shiba Inu price might encounter a minor setback as bullish momentum potentially wanes yet remains resilient. The month’s initial half may lack significant price shifts, with the value possibly confined within a tight consolidation pattern.

However, heightened trading activity could increase volatility as the month progresses, pushing the price closer to subsequent resistance levels. Consequently, by year-end, the SHIB price could potentially settle within the range of $0.000015 to $0.0000168

Shiba Inu Price Prediction December 2023

Having maintained a robust upward trajectory since the start of the month, the Shiba Inu price appears poised for a promising path. As the year draws to a close, market sentiments indicate an anticipated surge in volatility for both the broader markets and Shiba Inu’s prices. Forecasts envision an initial breakthrough of the prominent resistance, followed by the potential to establish firmer ground above this threshold, propelling the price toward the $0.000018 range. 

Amid this ascent, the bears could exert the influence, possibly confining the price around $0.0000175. As the annual trading period concludes, the Shiba Inu price might settle within the approximate range of $0.0000168 to $0.0000172, encapsulating the dynamic interplay of market forces.

Shiba Inu Price Prediction 2024

Anticipated to ride the momentum initiated in the early days of 2024, the Shiba Inu price seems poised for a robust upward trajectory, possibly benefiting from the bullish conclusion of 2023 as a sturdy foundation. Initial projections foresee an ascent beyond $0.00002, with subsequent milestones reaching yearly pinnacles, potentially fluctuating between $0.000025 and $0.000032 by the close of Q1. 

After a measured retracement during Q2, the SHIB price could experience rejuvenation, ushering in a formidable bullish trend for the latter half of 2024. This evolution might even transition into a full-fledged bull run during Q4, potentially propelling prices beyond their all-time highs. Consequently, it’s conceivable that the SHIB price could ultimately wrap up the annual trading cycle by surpassing the $0.00009 mark.

Shiba Inu Price Prediction 2025

The momentum of positivity appears poised to extend into the initial days of 2025, propelling the Shiba Inu price on an upward trajectory. This anticipated upswing could persist, culminating in the zenith of the ongoing bullish surge. Forecasts suggest a climb to approximately $0.000115 to $0.00012 by the close of H1, followed by a subsequent minor retracement. 

As the bullish fervor encounters limitations, a scenario unfolds wherein the somewhat depleted bulls might falter in their attempts to drive the price past upcoming resistance thresholds. As the year ends, the SHIB price could settle within a range spanning $0.000075 to $0.000082, a journey marked by aspirations to eclipse the new all-time high but potentially facing resistance.

Shiba Inu Price Prediction 2026

The year 2025 began with Shiba Inu (SHIB) prices caught in a consolidation phase, reflecting a tight trend attributed to robust bearish sentiment. This trend’s intensity heightened as the year progressed, subjecting SHIB to substantial bearish pressures and constraining its climb below a crucial resistance level. While sporadic bullish interventions injected momentum, they often met familiar resistance patterns, resulting in lower support testing.

The intricate interplay between bullish and bearish forces unveiled an absorbing narrative. By year-end, the SHIB price might range from around $0.000025 to $0.000042. This projection underscores the intricate dynamics shaping SHIB’s trajectory, painting a vivid picture of the ongoing tug-of-war within the crypto realm.

Shiba Inu Price Prediction 2027

The year 2027 commenced under the looming shadow of a substantial bearish influence that shaped the Shiba Inu (SHIB) price trajectory. However, a glimmer of hope emerged in the early weeks as a promising rebound gained momentum. This upward trend is expected to persist, although consolidation within a narrow range could persist for a prolonged duration.

The year’s latter half might herald a healthier uptrend, breaking free from the shackles of consolidation. As the year winds down, the Shiba Inu price could potentially settle in the range of $0.000056 to $0.000064. This projection reflects the complex interplay of recovery, consolidation, and market sentiment shaping SHIB’s journey throughout 2027

Shiba Inu Price Prediction 2028

In 2027, Shiba Inu (SHIB) initiated a promising recovery, triggering a vigorous rebound. As 2028 unfolds, this revival might evolve into an intensified upswing, gaining traction from the outset. Forecasts suggest the price will sustain its healthy momentum, gradually ascending towards higher targets.

The year’s commencement reflects renewed vigor, and the SHIB price could potentially maintain this elevated trajectory, closing the yearly trade within a range spanning $0.000085 to $0.00011. This projection underscores the potential for sustained recovery and ongoing bullish sentiment, setting the stage for an intriguing year ahead in the world of SHIB trading.

Shiba Inu Price Prediction 2029

In the first quarter of 2024, Shiba Inu (SHIB) might revisit its previous all-time high (ATH) around $0.00012, setting an optimistic tone. Despite potential bearish interruptions, the price is poised for a resilient upswing. The second half could ignite a bull run as the year unfolds, propelling the price toward the next significant milestone.

By year-end, SHIB could potentially surge to approximately $0.000185 to $0.00025, marking a substantial gain. This projection encapsulates the potential for ATH retests, sustained bullish sentiment, and potential milestones. SHIB traders and enthusiasts can anticipate an eventful year with exciting price dynamics in the evolving crypto landscape.

Shiba Inu Price Prediction 2030

The momentum of a bullish close in 2029 sets the stage for Shiba Inu (SHIB) to establish new highs potentially. This upswing could evolve into a robust bull run, propelling the price toward uncharted territories. The climax might arrive during Q3, with a new all-time high (ATH) in sight, ranging around $0.00055 to $0.00075, followed by a possible bearish pullback.

As the year concludes, SHIB’s price could potentially settle within the range of $0.00045 to $0.0005. This projection underscores the progression from bullish momentum to a transformative bull run, navigating the dynamic terrain of crypto markets, and potentially reshaping SHIB’s trajectory in 2029.

Additional Read: Pepe Price Prediction

Will the Shiba Inu Price Rise Again in 2023?

After reaching their zenith during the 2021 bull run, Shiba Inu prices have embarked on a journey of consolidation within a pronounced bearish trajectory. Dominance by the bears has been a prevailing theme, resulting in an extended period of price compression. Amidst this, the bulls are diligently working to validate a potential bullish resurgence, although the awaited confirmation remains pending. This intriguing juxtaposition sets the scene for a prospective healthy upswing in the upcoming months of 2023.

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