Shiba Saga Price Prediction: SHIA Price Plunges By Over 15%, Will it Rise Above $0.2?

Key Takeaways:

• The Shiba Saga price experienced a bullish push soon after its inception, but the ongoing market sentiments have compelled the price to maintain a descending trend.
• Though the volume remains reasonable, the trend remains south due to the overwhelming dominance. Of the bears.
• The technicals suggest the price is making every effort to rise above the interim resistance, indicating a bullish dominance.

Shiba Saga Overview as of September 11, 2023

Shiba Saga Technical Analysis

Source: Tradingview

• After undergoing a notable rise in the first few days of trade, the SHIA price experienced a massive pullback in the later stages.
• The price has maintained a steep descending trend since then and has now reached the peak of the consolidation 
• As the price faced extended bearish pressure, the possibility of a bullish breakout looms over the space
• Besides, the RSI in the short-term is trying to validate a rebound, which may further certify a flip from the bearish influence
• Therefore, notable price action may be fast approaching for the SHIA price in the short term 

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SHIA Price Prediction 2023-2030

Shiba Saga Price Prediction September 2023

The Shiba Saga price began the monthly trade in a steep descending trend. However, the price appears to have reached very close to the edge of the consolidation, and hence, giant price action could be fast approaching. After testing the apex, the SHIA price may undergo a breakout, while the direction of the rally could largely depend on the volume induced. 

As we progress into the latter half of the month, the prevailing trend is anticipated to retain its bearish character. The selling pressure could intensify, opening the door for bears to extract more substantial profits. As we approach the month’s end, the SHIA price may find itself trading within the range of $0.155 to $0.172.

Shiba Saga Price Prediction October 2023

In the initial days of the month, we might witness a market characterized by low levels, giving rise to a sense of depletion. However, there’s a prevailing belief that sentiments are poised to make a swift shift. This shift could signal a reduction in bearish activity, with bullish forces gaining notable momentum. As the first few days of trading progress, it’s possible that the SHIA price may climb above the critical lower support level, settling into a consolidating trend.

The rally is anticipated to receive a much-needed boost from the bullish side, facilitating a potential journey toward the upper resistance level. While intermittent bearish actions may make their presence felt, the dominance of the bulls is expected to grow. Consequently, it’s reasonable to speculate that by the end of the month, the SHIA price could conclude its trading cycle within the range of $0.21 to $0.25.

Shiba Saga Price Prediction November 2023

From the month’s onset, bullish momentum appears to have taken the lead, maintaining an upward trajectory following a recent rebound. This trend is anticipated to remain elevated, with the potential for an even greater boost as investor optimism swells, leading to a substantial influx of bullish activity. As a result, within the initial days of trading, we could witness the SHIA price surging beyond the $0.356 mark.

However, as we approach the end of the month, expectations point towards a reduction in volatility. The bullish camp may exhibit signs of fatigue, causing them to adopt a more passive stance. Simultaneously, bearish actions are expected to remain subdued, resulting in a narrower trading range. Consequently, it’s reasonable to anticipate that by month-end, the SHIA price may hover within the range of $0.358 to $0.370.

Shiba Saga Price Prediction December 2023

Historically, December has proven to be a bullish month in the market, primarily due to the optimism surrounding the annual close. This positive sentiment has led to a shift away from British influence, resulting in substantial price hikes. Consequently, there’s a prevailing belief that the SHIA price is poised to experience an upward surge, reaching and possibly surpassing the $0.41 mark, thereby sustaining the bullish momentum.

As we progress through the month, expectations point towards a resurgence in volatility as we approach the end of December. This resurgence is likely to coincide with a renewed dominance of the bulls. It’s anticipated that by the close of the month and the year, the SHIA price may find itself trading in the range of $0.52 to $0.675.

Shiba Saga Price Prediction 2024

Following a bullish close to 2023, it’s widely expected that the bulls will retain their dominant position, setting a positive tone for the start of trading in 2024. This could result in a significant uptrend, with prices soaring beyond the $0.8 mark in the year’s initial quarter. However, this surge might also attract the attention of bearish investors seeking to capitalize on profits, leading to a period of price stability throughout the first half of 2024.

As we move into the first few weeks of the year’s second half, there’s a belief that the SHIA price could initiate a bullish rebound, driven by notable accumulation. This resurgence may help the price recover lost ground and continue on a healthy upward trajectory for the remainder of the year. Consequently, by year-end, it’s plausible that the SHIA price could be trading in the range of $1.18 to $1.24.

Shiba Saga Price Prediction 2025

Starting from the beginning of 2025, there’s a strong expectation for the price to sustain a robust upward movement characterized by a steep ascent. This could be interpreted as the resurgence of a bull market, driving prices significantly higher. By the conclusion of the year’s first half, it’s conceivable that the price might be trading in the range of $2.75 to $2.8.

Even as the price reaches impressive heights, the prevailing sentiment suggests that the upward momentum will persist, with the aim of reaching a new all-time high (ATH). During the middle of the third quarter, the SHIA price could potentially reach unprecedented levels, ranging from $3.45 to $3.95. However, beyond this point, there may be a substantial market rejection, leading to a period of consolidation. As the year draws to a close, the price is might see itself settling within the range of $2.8 to $2.41.

Shiba Saga Price Prediction 2026

The year 2025 could usher in a challenging period for SHIA price enthusiasts, as bearish forces are anticipated to exert significant influence right from the outset. This could lead to a prolonged phase of bearishness, with the price consistently testing lower support levels and struggling to maintain a foothold. What initially seems like a correction could ultimately morph into a full-fledged bear market.

As we progress into the year’s second half, the descending trend is expected to gather even more momentum, driving prices down below crucial support thresholds. By the conclusion of Q3, the price might be trading in the range of $1.21 to $1.18, and as the year draws to a close, it could find itself hovering between $0.95 and $0.98.

Shiba Saga Price Prediction 2027

The Shiba Saga price appears to have followed a steady path since the start of the year, attempting to hold above significant support levels. With the bulls taking a backseat, it’s likely that the bears will exert some control during the first half of the year, keeping the price in check. However, as we approach the conclusion of the first half, there may be a modest uptick in bullish activity, leading to a slight increase in market volatility.

Moving into the year’s second half, buying pressure is expected to intensify, resulting in sustained price levels. The bulls may put in substantial efforts to initiate a recovery phase, aiming to close the year with prices ranging from $1.29 to $1.35. This outlook suggests that, while the market may experience some challenges in the first half, a more optimistic trend could emerge in the latter part of the year

Shiba Saga Price Prediction 2028

As we step into the year 2028, there’s a strong indication of a significant recovery phase taking hold, firmly establishing the price above the $0.3 mark. The trend is poised to demonstrate resilience in the form of consistent higher highs and higher lows, reflecting the growing strength of the bullish camp. By the conclusion of the year’s first half, it’s quite conceivable that the price may be trading within the range of $2.45 to $2.65.

Heading into the latter part of the year, this upward momentum is expected to intensify, maintaining the pattern of constant higher highs and lows. By the end of the third quarter, there’s a belief that a bullish surge may be triggered, propelling the price beyond its previous peaks. Consequently, it’s plausible that the SHIA price could be trading in a range of $3.25 to $3.45 as we bid farewell to 2028.

Shiba Saga Price Prediction 2029

Following its ascent past the significant $1 mark in the final days of 2028, the SHIA price is anticipated to embark on 2029 with a period of consolidation within a narrow price range. As bearish influences ease, the bulls are expected to ramp up their efforts, potentially driving the SHIA price to trade in the vicinity of $4.09 during the mid of 2029.

Regrettably, these levels might encounter strong resistance, leading to a substantial market rejection. This rejection could initiate a pronounced downward trend, which may evolve into a full-fledged bear market as the year progresses. Consequently, the SHIA price could conclude the year in the range of $3.95 to $3.98.

Shiba Saga Price Prediction 2030

The bearish trend that commenced in the final days of 2029 appears set to extend its influence into the year 2030, effectively keeping the SHIA price constrained below critical levels. This downward trajectory is expected to persist as a steep and unrelenting bearish trend until the culmination of the year’s first half, offering investors little respite.

However, as we transition into the year’s second half, there is a ray of hope for a market rebound. The rally may witness a notable resurgence, initiating a healthy upward swing. This signifies the potential revival of an upward trend, with the SHIA price maintaining a positive trajectory for the remainder of the year. As the year draws to a close, it’s plausible that the SHIA price could be trading in the range of $4.3 to $4.5

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Will the Shiba Saga Price Rise Again in 2023?

Shiba Saga’s bullish momentum remains strong, keeping prices on the rise. This trend is anticipated to persist throughout 2023, ensuring a steady and positive trajectory for the year.

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