Shiba Inu (SHIB) Price Prediction 2025, 2026-2030

Explore short and medium-term Shiba Inu price prediction analysis and check long-term Shiba Inu forecasts for 2025, 2030, and beyond.

5-Day Prediction
$ 0.00001262
1-Month Prediction
$ 0.00001480
3-Month Prediction
$ 0.00001381
6-Month Prediction
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1-Year Prediction
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2030 Prediction
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2040 Prediction
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2050 Prediction
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Current Price $ 0.00001136
Price Prediction $ 0.00001480  (27.58%)
Fear & Greed Index 73 (Greed)
Sentiment Bearish
Volatility 5.44%
Green Days 12/30 (40%)
50-Day SMA $ 0.00001293
200-Day SMA $ 0.00001473
14-Day RSI 48.13

According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 27.58% and reach $ 0.00001480 by August 3, 2025. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 73 (Greed). Shiba Inu recorded 12/30 (40%) green days with 5.44% price volatility over the last 30 days. Based on the Shiba Inu forecast, it's now a bad time to buy Shiba Inu.

$
≈ $ 2,018.78

If you invest $ 1,000.00 in Shiba Inu today and hold until Oct 23, 2025, our prediction suggests you could see a potential profit of $ 2,018.78, reflecting a 201.88% ROI over the next 110 days (fees are not included in this estimate).

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Short-Term Shiba Inu Price Targets

DatePredictionPotential ROI
Jul 05, 2025$ 0.00001160
2.11%
Jul 06, 2025$ 0.00001218
7.21%
Jul 07, 2025$ 0.00001254
10.38%
Jul 08, 2025$ 0.00001270
11.76%
Jul 09, 2025$ 0.00001262
11.04%

Over the next five days, Shiba Inu will reach the highest price of $ 0.00001270 on Jul 08, 2025, which would represent 11.76% growth compared to the current price. This follows a 1.58% price change over the last 7 days.

Prediction Table

20252026202720282029203020402050
MonthMin. PriceAvg. PriceMax. PricePotential ROI
Jul 2025$ 0.00001160$ 0.00001280$ 0.00001519
33.66%
Aug 2025$ 0.00001340$ 0.00001520$ 0.00001715
50.98%
Sep 2025$ 0.00001245$ 0.00001399$ 0.00001664
46.47%
Oct 2025$ 0.00001372$ 0.00002076$ 0.00003430
201.88%
Nov 2025$ 0.00002031$ 0.00002188$ 0.00002355
107.30%
Dec 2025$ 0.00001528$ 0.00001821$ 0.00002243
97.40%

In 2025, Shiba Inu (SHIB) is anticipated to change hands in a trading channel between $ 0.00001160 and $ 0.00003430, leading to an average annualized price of $ 0.00001714. This could result in a potential return on investment of 201.88% compared to the current rates.

Shiba Inu Price Prediction 2025

July 2025: SHIB Prediction

Our market analysis anticipates a positive trend for Shiba Inu in July. The forecasted price range is between $ 0.00001160 and $ 0.00001519 for an average monthly price of $ 0.00001280. Investors could experience a potential gain of 33.66% if shorting SHIB at current prices.

Potential ROI: 33.66%

August 2025: SHIB Prediction

The algorithm assumes that Shiba Inu will increase to $ 0.00001520, building off July's market momentum. Our price prediction suggests a range between $ 0.00001340 and $ 0.00001715. This could lead to a potential gain of 50.98% (if you’d have decided to buy SHIB at current prices), indicating a bullish sentiment for the month.

Potential ROI: 50.98%

September 2025: SHIB Prediction

After a bullish showing in August, Shiba Inu is predicted to rise to $ 0.00001399 in September. The projected trading range is expected to span from $ 0.00001245 to $ 0.00001664. This suggests a positive market outlook, with a potential return of 46.47% for investors.

Potential ROI: 46.47%

October 2025: SHIB Prediction

With a positive market trend seen last month, Shiba Inu is expected to prolong the trend in October. The projected monthly trading range is between $ 0.00001372 and $ 0.00003430, with the average monthly value sitting at $ 0.00002076, which would be a 48.46% increase compared to the previous month. This could offer investors a potential return of 201.88%.

Potential ROI: 201.88%

November 2025: SHIB Prediction

Forecasts for November suggest a continuation of the market trend, with a potential price increase to $ 0.00002188. The expected price range lies between $ 0.00002031 and $ 0.00002355, influenced by last month's market performance. Investors may witness a potential gain of 107.30%, if they decide to buy SHIB at current prices and sell it at predicted rates.

Potential ROI: 107.30%

December 2025: SHIB Prediction

Shiba Inu is predicted to finish the year by changing hands in a trading channel between $ 0.00001528 and $ 0.00002243. This would entail that the price of SHIB increased by 60.30% in comparison to today’s prices (assuming December’s average price of $ 0.00001821). In other words, investors would generate a potential profit of 97.40% if SHIB follows the prediction.

Potential ROI: 97.40%

Shiba Inu Price Prediction 2026

In 2026, Shiba Inu is forecasted to trade in a price channel between $ 0.00001575 and $ 0.00003059. On average, SHIB is expected to change hands at $ 0.00002141 during the year. The most bullish month for SHIB could be March, when the currency is anticipated to trade 169.25% higher than today.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$ 0.00001933$ 0.00002060$ 0.00002340
105.94%
February$ 0.00002058$ 0.00002275$ 0.00002388
110.20%
March$ 0.00002339$ 0.00002573$ 0.00003059
169.25%
April$ 0.00002052$ 0.00002337$ 0.00002512
121.15%
May$ 0.00001943$ 0.00002125$ 0.00002205
94.10%
June$ 0.00001920$ 0.00002102$ 0.00002445
115.22%
July$ 0.00001668$ 0.00001906$ 0.00002423
113.29%
August$ 0.00001636$ 0.00001785$ 0.00001846
62.48%
September$ 0.00001575$ 0.00001650$ 0.00001682
48.03%
October$ 0.00001711$ 0.00002095$ 0.00002320
104.20%
November$ 0.00002242$ 0.00002525$ 0.00002806
147.02%
December$ 0.00001958$ 0.00002252$ 0.00002546
124.07%

Shiba Inu Price Prediction 2027

Generally speaking, Shiba Inu price prediction for 2027 is bullish. The SHIB cryptocurrency is forecasted to hit a high point of $ 0.00002233 in February and reach a low of $ 0.00001306 in May. Overall, SHIB is expected to trade at an average price of $ 0.00001665 in 2027.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$ 0.00002006$ 0.00002086$ 0.00002182
92.09%
February$ 0.00001988$ 0.00002112$ 0.00002233
96.54%
March$ 0.00001692$ 0.00001840$ 0.00002013
77.18%
April$ 0.00001554$ 0.00001666$ 0.00001719
51.28%
May$ 0.00001306$ 0.00001426$ 0.00001557
37.07%
June$ 0.00001428$ 0.00001503$ 0.00001594
40.31%
July$ 0.00001516$ 0.00001704$ 0.00002083
83.38%
August$ 0.00001506$ 0.00001654$ 0.00002025
78.21%
September$ 0.00001409$ 0.00001449$ 0.00001497
31.74%
October$ 0.00001339$ 0.00001401$ 0.00001457
28.27%
November$ 0.00001334$ 0.00001492$ 0.00001607
41.47%
December$ 0.00001570$ 0.00001648$ 0.00001769
55.68%

Shiba Inu Price Prediction 2028

The outlook for Shiba Inu in 2028 indicates a possible uptrend, with an expected price of $ 0.00002666. This represents a 134.62% increase from the current price. The asset's price is projected to oscillate between $ 0.00001609 in January and $ 0.00003661 in November. Investors could see a potential ROI of 222.26%, suggesting a favorable investment environment.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$ 0.00001609$ 0.00001881$ 0.00002043
79.83%
February$ 0.00001782$ 0.00001975$ 0.00002105
85.25%
March$ 0.00001708$ 0.00001796$ 0.00001930
69.88%
April$ 0.00001730$ 0.00001833$ 0.00001911
68.22%
May$ 0.00001865$ 0.00003028$ 0.00003521
209.87%
June$ 0.00002747$ 0.00003244$ 0.00003648
221.06%
July$ 0.00002421$ 0.00002821$ 0.00003283
188.99%
August$ 0.00002493$ 0.00002668$ 0.00002957
160.25%
September$ 0.00002519$ 0.00002789$ 0.00003474
205.81%
October$ 0.00003134$ 0.00003414$ 0.00003635
219.94%
November$ 0.00003241$ 0.00003471$ 0.00003661
222.26%
December$ 0.00002923$ 0.00003068$ 0.00003527
210.40%

Shiba Inu Price Prediction 2029

Following a bullish trend in the previous year, 2029 is expected to continue this momentum. Shiba Inu’s value is forecasted to increase, potentially reaching an average price of $ 0.00002518. The price is predicted to fluctuate between a low of $ 0.00002076 in June and a high of $ 0.00003225 in October.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$ 0.00002275$ 0.00002555$ 0.00002947
159.42%
February$ 0.00002327$ 0.00002485$ 0.00002808
147.12%
March$ 0.00002156$ 0.00002396$ 0.00002733
140.53%
April$ 0.00002435$ 0.00002740$ 0.00003121
174.69%
May$ 0.00002392$ 0.00002621$ 0.00002915
156.59%
June$ 0.00002076$ 0.00002251$ 0.00002546
124.12%
July$ 0.00002247$ 0.00002344$ 0.00002452
115.79%
August$ 0.00002379$ 0.00002455$ 0.00002531
122.80%
September$ 0.00002341$ 0.00002402$ 0.00002510
120.97%
October$ 0.00002392$ 0.00002652$ 0.00003225
183.88%
November$ 0.00002659$ 0.00002731$ 0.00002805
146.91%
December$ 0.00002455$ 0.00002588$ 0.00002745
141.59%

Shiba Inu Price Prediction 2030

Forecasts for 2030 suggest that SHIB will experience a significant growth, with expected fluctuation ranging from $ 0.00002474 to $ 0.00003075. Investors might anticipate a potential ROI of 170.68%, aligning with a bullish outlook for the year.

MonthMinimum PriceAverage PriceMaximum PricePotential ROI
January$ 0.00002619$ 0.00002679$ 0.00002804
146.77%
February$ 0.00002670$ 0.00002758$ 0.00002797
146.17%
March$ 0.00002784$ 0.00002879$ 0.00003075
170.68%
April$ 0.00002668$ 0.00002775$ 0.00002854
151.20%
May$ 0.00002623$ 0.00002695$ 0.00002730
140.25%
June$ 0.00002614$ 0.00002699$ 0.00002827
148.80%
July$ 0.00002512$ 0.00002593$ 0.00002817
147.94%
August$ 0.00002499$ 0.00002556$ 0.00002584
127.46%
September$ 0.00002474$ 0.00002506$ 0.00002540
123.61%
October$ 0.00002544$ 0.00002699$ 0.00002776
144.34%
November$ 0.00002747$ 0.00002866$ 0.00002973
161.67%
December$ 0.00002629$ 0.00002738$ 0.00002862
151.94%

Shiba Inu Price Prediction For Years 2025, 2026, 2027, 2028, 2029, and 2030

Over the next several years, Shiba Inu is projected to increase, with prices potentially reaching $ 0.00003661 by 2028. This represents a 222.26% gain from today's value. The long-term forecast suggests a bullish trend, with potential highs of $ 0.00003661 and lows of $ 0.00001160 over the period.

YearMin. PriceAvg PriceMax. PricePotential ROI
2025$ 0.00001160$ 0.0₅8569$ 0.00003430
201.88%
2026$ 0.00001575$ 0.00002141$ 0.00003059
169.25%
2027$ 0.00001306$ 0.00001665$ 0.00002233
96.54%
2028$ 0.00001609$ 0.00002666$ 0.00003661
222.26%
2029$ 0.00002076$ 0.00002518$ 0.00003225
183.88%
2030$ 0.00002474$ 0.00002704$ 0.00003075
170.68%

Shiba Inu Technical Analysis

Sentiment

Bearish

Based on data from July 04, 2025 at 12:18, the general Shiba Inu price prediction sentiment is bearish with 7 technical analysis {count, plural, =1 {indicator} other {indicators}} signaling bullish signals, and 24 signaling bearish signals.

Shiba Inu was last updated on July 04, 2025 at 12:18

Shiba Inu's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)

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Based on our technical indicators, Shiba Inu's 200-day SMA will in the next month and will hit $ 0.00001325 by Aug 03, 2025. Shiba Inu's short-term 50-Day SMA is estimated to hit $ 0.00001238 by Aug 03, 2025.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 48.13, which indicates that the SHIB market is in a neutral position.

Popular SHIB Moving Averages and Oscillators for Fri, Jul 04, 2025

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$ 0.00001181SELL
SMA 5$ 0.00001193SELL
SMA 10$ 0.00001175SELL
SMA 21$ 0.00001169SELL
SMA 50$ 0.00001293SELL
SMA 100$ 0.00001314SELL
SMA 200$ 0.00001473SELL

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$ 0.00001199SELL
EMA 5$ 0.00001235SELL
EMA 10$ 0.00001262SELL
EMA 21$ 0.00001274SELL
EMA 50$ 0.00001349SELL
EMA 100$ 0.00001527SELL
EMA 200$ 0.00001699SELL

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21$ 0.00SELL
SMA 50$ 0.0₅3073SELL
SMA 100$ 0.0₅7506SELL
SMA 200$ 0.0₅6923SELL

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21$ 0.00001443SELL
EMA 50$ 0.00001608SELL
EMA 100$ 0.00001516SELL
EMA 200$ 0.0₅7995SELL

Shiba Inu Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

PeriodValueAction
RSI (14)48.13NEUTRAL
Stoch RSI (14)100.00SELL
Stochastic Fast (14)90.71SELL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)24.07NEUTRAL
Awesome Oscillator (5, 34)0.00NEUTRAL
Momentum (10)0.00NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-9.29SELL
Ultimate Oscillator (7, 14, 28)49.43NEUTRAL
VWMA (10)0.00BUY
Hull Moving Average (9)0.00BUY
Ichimoku Cloud B/L (9, 26, 52, 26)0.00NEUTRAL

Shiba Inu Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.00001191, Shiba Inu has support levels of $ 0.00001170, $ 0.00001152, and the strongest at $ 0.00001130. Similarly, Shiba Inu resistance levels are at $ 0.00001209, $ 0.00001231, and $ 0.00001249.

Support Levels

#PriceStrength
S1$ 0.00001170  
S2$ 0.00001152  
S3$ 0.00001130  

Resistance Levels

#PriceStrength
R1$ 0.00001209  
R2$ 0.00001231  
R3$ 0.00001249  

Correlation

Over the past 7 days, Shiba Inu price was most positively correlated with the price of Avalanche (AVAX), Polkadot (DOT), Worldcoin (WLD), Flow (FLOW), and Dogecoin (DOGE) and most negatively correlated with the price of DeXe (DEXE), Pi Network (PI), Bitcoin Cash (BCH), Bitcoin SV (BSV), and Sei (SEI).

Positively Correlated Currencies

NameCorrelation
0.969
0.968
0.966
0.964
0.963

Negatively Correlated Currencies

NameCorrelation
-0.270
-0.254
-0.247
-0.231
-0.071

Shiba Inu price is positively correlated with the top 10 coins by market cap with a price of 0.469, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.667.

Currencies that are positively correlated with Shiba Inu indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Shiba Inu, a move in one direction for Shiba Inu would translate into a move in the opposite direction for the negatively correlated coin.

Shiba Inu Price Prediction FAQ

What is Shiba Inu's price prediction today?

Based on our Shiba Inu prediction chart, the price of Shiba Inu will increase by 0.00% and reach $ 0.00001160 by Jul 5, 2025.

What is Shiba Inu price prediction for tomorrow?

Shiba Inu is predicted to gain 0.00% and reach a price of $ 0.00001160 tomorrow.

What is the Shiba Inu price prediction for this week?

According to our Shiba Inu price prediction, SHIB is forecasted to trade within a price range of $ 0.00001160 and $ 0.00001254 this week. Shiba Inu will increase by 8.11% and reach $ 0.00001254 by Jul 07, 2025 if it reaches the higher value target.

What is the Shiba Inu price prediction for next week?

The Shiba Inu price prediction for next week is between $ 0.00001254 on the lower end and $ 0.00001270 on the high end. Based on our SHIB price prediction chart, the price of Shiba Inu will increase by 1.28% and reach $ 0.00001270 by Jul 14, 2025 if it reaches the upper price target.

What is the Shiba Inu price prediction for 2025?

Shiba Inu is forecasted to trade within a range of $ 0.00001160 and $ 0.00003430. If it reaches the upper price target, SHIB could increase by 201.88% and reach $ 0.00003430.

What is the Shiba Inu price prediction for 2026?

According to our Shiba Inu price prediction, SHIB is forecasted to trade within a price range of $ 0.00001160 and $ 0.00003430 next year. Shiba Inu will increase by 201.88% and reach $ 0.00003430 if it reaches the higher value target for 2026.

What is the Shiba Inu price prediction for 2030?

The Shiba Inu price prediction for 2030 is between $ 0.00002076 on the lower end and $ 0.00003225 on the high end. Based on our SHIB price prediction chart, the price of Shiba Inu could gain 183.88% and reach $ 0.00003225 if it reaches the upper price target.

Will Shiba Inu reach $0.01?

Shiba Inu would need to gain 87,920.01% to reach $0.01. According to our Shiba Inu prediction algorithm, the price of Shiba Inu will not reach $0.01. The highest expected price our algorithm estimates is $ 0.00008146 by 2049.

Will Shiba Inu reach $0.1?

Shiba Inu would need to gain 880,100.14% to reach $0.1. According to our Shiba Inu prediction algorithm, the price of Shiba Inu will not reach $0.1. The highest expected price our algorithm estimates is $ 0.00008146 by 2049.

Will Shiba Inu reach $1?

Shiba Inu would need to gain 8,801,901.40% to reach $1. According to our Shiba Inu prediction algorithm, the price of Shiba Inu will not reach $1. The highest expected price our algorithm estimates is $ 0.00008146 by 2049.

What is the current {name}} sentiment?

The current Shiba Inu sentiment is bearish according to our technical analysis. The majority of technical indicators are showing sell.

What is the Shiba Inu Fear & Greed Index and what does it indicate?

Currently, the Shiba Inu Fear & Greed Index stands at 73, which means that investors’ sentiment is in the so-called Greed zone.

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Shiba Inu investors’ sentiment, and is based primarily on Bitcoin-related market data.

Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.

Is it profitable to invest in Shiba Inu?

Over the last 30 days, Shiba Inu had 12/30 (40%) green days. According to our historical data, it is currently not profitable to invest in Shiba Inu. The price of Shiba Inu decreased by -23.62% in the last 1 year The price of by in the last 1 year..

Is Shiba Inu a good buy in 2025?

Based on multiple technical quantitative indicators, the current forecast for Shiba Inu in 2025 is bearish. This could be an indication that Shiba Inu is a bad buy in 2025. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Shiba Inu or not.

What will the price of Shiba Inu be next week?

According to our Shiba Inu forecast, the price of Shiba Inu will increase by 8.75% over the next week and reach $ 0.00001262 by July 9, 2025.

What will the price of Shiba Inu be next month?

According to our Shiba Inu forecast, the price of Shiba Inu will increase by 27.58% over the next month and reach $ 0.00001480 by August 3, 2025.

What is Shiba Inu's 50-Day SMA and what does it indicate?

Shiba Inu’s 50-day SMA (simple moving average) is currently . The 50-day SMA indicates the average price of Shiba Inu over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive SHIB price trend in the medium term, while a dropping SMA indicates the opposite.

The 50-day SMA is calculated by adding together Shiba Inu’s closing prices in the last 50 days, and dividing the total by 50.

What is Shiba Inu's 200-Day SMA and what does it indicate?

Shiba Inu’s 200-day SMA is currently . The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Shiba Inu 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that SHIB has been trending downwards over the long term.

Many cryptocurrency traders pay close attention to the markets when the current Shiba Inu price crosses an important moving average like the 200-day SMA.

The 200-day SMA is calculated by taking Shiba Inu’s closing prices in the last 200 days, adding them together, and dividing the total by 200.

What is Shiba Inu's 14-day RSI and what does it indicate?

Shiba Inu’s 14-day RSI is at , indicating that is currently neutral.

The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Shiba Inu. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Will Shiba Inu go back up?

Based on our algorithmically generated price prediction for Shiba Inu, the price of SHIB is expected to increase by 27.58% in the next month and reach $ 0.00001480 on Aug 3, 2025. Additionally, Shiba Inu’s price is forecasted to gain 89.99% in the next six months and reach $ 0.00002204 on Dec 31, 2025. Finally, Shiba Inu is expected to trade at $ 0.00002421 on Jul 4, 2026, following a 108.69% value increase in one year.

How does our price prediction for Shiba Inu work?

The Shiba Inu price prediction on CoinCodex is calculated using the historical Shiba Inu price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Shiba Inu prediction.

How to read and predict Shiba Inu price movements?

Shiba Inu traders use a variety of tools to try and determine the direction in which the SHIB market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Shiba Inu price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Shiba Inu Price Prediction Indicators

Moving averages are among the most popular Shiba Inu price prediction tools. As the name suggests, a moving average provides the average closing price for SHIB over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for SHIB is a sum of SHIB’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the SHIB price moves above any of these averages, it is generally seen as a bullish sign for Shiba Inu. Conversely, a drop below an important moving average is usually a sign of weakness in the SHIB market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the SHIB price.

How to read Shiba Inu charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Shiba Inu with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Shiba Inu’s price action in 1-hour chunks. Each candlestick will display SHIB’s opening price, closing price, as well as the highest and lowest prices that Shiba Inu reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Shiba Inu?

Just like with any other asset, the price action of Shiba Inu is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of SHIB. The market capitalization of Shiba Inu can change significantly in a short period of time.

When trying to make a Shiba Inu forecast, many traders also try to monitor the activity of SHIB “whales”, which are entities and individuals that control large amounts of SHIB. Since the Shiba Inu market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Shiba Inu’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man
DISCLAIMER: Not Investment Advice
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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