Shiba Inu (SHIB) Price Prediction 2022 – Will SHIB Hit $0.0001 Soon?

• Bullish SHIB price prediction is $0.00002014 to $0.00004337.
• Shiba Inu (SHIB) price might also reach $0.0001 soon.
• Bearish SHIB  price prediction for 2022 is $0.00000743.

In Shiba Inu (SHIB) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about SHIB to analyze the future movement of the cryptocurrency. 

Shiba Inu (SHIB) Current Market Status

According to CoinGecko, the price of Shiba Inu (SHIB) is $0.00001324 with a 24-hour trading volume of $945,653,558 at the time of writing. However, SHIB has increased by nearly 3.0% in the last 24 hours.

Moreover, Shiba Inu (SHIB) has a circulating supply of 589,378,776,721,060 SHIB. Currently, Shiba Inu (SHIB) trades in cryptocurrency exchanges such as Binance, FMFW.io, Coinbase Exchange, KuCoin, WhiteBIT and OKX.

What is Shiba Inu (SHIB)?

Shiba Inu (SHIB) was launched on the Ethereum blockchain and also resides on the Binance Smart Chain (BSC). This popular memecoin was developed and launched in 2020 by a pseudonymous founder Ryoshi.

Shiba Inu exists as a potential contender to the largest memecoin, Dogecoin (DOGE) and thus, it is called the DOGE killer. The network is working on launching its new Defi project, Shibarium Financial Ecosystem (SHIBFE). SHIBFE is followed by the launch of its native stablecoin project, SHI. SHI is an “algo-stablecoin” pegged to a dollar.

Shiba Inu (SHIB) Price Prediction 2022

Shiba Inu (SHIB) holds the 12th  position on CoinGecko right now. SHIB price prediction 2022 is explained below with a daily time frame.

A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a “U”. Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. 

More so, a rounding bottom chart can be divided into several main areas. First, the prior trend shows the buildup to the stock’s initial descent toward its low. The rounding bottom breaks out of its low point when the stock price closes above the price immediately prior to the start of the initial decline. 

Currently, Shiba Inu (SHIB) is in the range of $0.00001586 If the pattern continues, the price of SHIB  might reach the resistance levels of $0.00001870, & $0.00003401. If the trend reverses, then the price of SHIB may fall to $0.00001164.

Shiba Inu (SHIB) Support and Resistance Levels

The chart below shows the support and resistance levels of Shiba Inu (SHIB).

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Shiba Inu (SHIB). 

Resistance Level 1	$0.00002014
Resistance Level 2	$0.00003002
Resistance Level 3	$0.00004337
Support Level 1	$0.00001273
Support Level 2	$0.00000743

The charts show that Shiba Inu (SHIB)  has performed a bullish trend over the past month. If this trend continues, SHIB might run along with the bulls overtaking its resistance level at $0.00004337.

Accordingly, if the investors turn against crypto, the price of Shiba Inu (SHIB)  might plummet to almost $0.00000743, a bearish signal.

Shiba Inu (SHIB) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Shiba Inu (SHIB) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of SHIB lies below the cutoff line, indicating weak participants in the current trend.

Also, the Moving Average (MA) of Shiba Inu (SHIB) is shown in the chart above. Notably,  Shiba Inu (SHIB) price lies above 50 MA (short-term), so it is in an uptrend. Currently, SHIB has entered a bullish state. Therefore, there is a possibility of a reversal trend of SHIB at any time.

Meanwhile, the relative strength index (RSI) of the SHIB is 70.03. This means that Shiba Inu (SHIB) is in an overbought state. However, this means a major price reversal of SHIB may occur in the upcoming days. So, traders need to trade carefully. 

Shiba Inu (SHIB) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Shiba Inu (SHIB). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Shiba Inu (SHIB). Currently, the ADX of SHIB lies in the range of 48.32975785 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of Shiba Inu (SHIB). RVI measures the constant deviation of price changes over a period of time. The RVI of SHIB lies above 50, indicating high volatility. In fact, the RSI of Shiba Inu (SHIB) is at 70.03 thus confirming a potential buy signal.

Comparison of SHIB with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  Shiba Inu (SHIB).

From the above chart, we can interpret the price changes of ETH, BTC, and SHIB are moving in a similar trend. This indicates that when the price of ETH and BTC  increases or decreases, the price of SHIB also increases or decreases respectively.

Shiba Inu (SHIB) Price Prediction 2023

If the declining price action ultimately slows down in momentum and the trend reverses,  Shiba Inu (SHIB) might probably attain $0.00018 by 2023.

Shiba Inu (SHIB) Price Prediction 2024

With several upgrades in the network, Shiba Inu (SHIB) might enter a bullish trajectory. If the coin grabs the attention of major investors, SHIB might rally to hit $0.00026 by 2024. 

Shiba Inu (SHIB) Price Prediction 2025

If Shiba Inu (SHIB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, SHIB would rally to hit $0.0003.  

Shiba Inu (SHIB) Price Prediction 2026

If Shiba Inu (SHIB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, SHIB would rally to hit $0.00035. 

Shiba Inu (SHIB) Price Prediction 2027

If Shiba Inu (SHIB) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, SHIB would rally to hit $0.00047.

Shiba Inu (SHIB) Price Prediction 2028

If Shiba Inu (SHIB) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, SHIB would hit $0.00055 in 2028.

Shiba Inu (SHIB) Price Prediction 2029

If investors flock in and continue to place their bets on Shiba Inu (SHIB), it would witness major spikes. SHIB might hit $0.00069 by 2029.

Shiba Inu (SHIB) Price Prediction 2030

With greater advancements in the Shiba Inu ecosystem, the crypto community might continue to invest in SHIB for the next 8 years and drive significant price rallies for the token. Hence, Shiba Inu (SHIB) might hit $0.00075 by 2030.

Conclusion

With continuous improvements in the Shiba Inu network, we can say that 2022 is a good year for SHIB. For this reason, the bullish price prediction of Shiba Inu (SHIB) in 2022 is $0.00004337. On the other hand,  the bearish price prediction of Shiba Inu (SHIB) price prediction for 2022 is $0.00000743.

Furthermore, with the advancements and upgrades to the Shiba Inu ecosystem, the performance of SHIB would help to reach above its current all-time high (ATH) of $0.00008616 very soon. But, it might also reach $0.0001 if the investors believe that SHIB is a good investment in 2022.

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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