Shiba Inu Price Prediction: 2024, 2025, 2030

SHIB price prediction: Key highlights

1. Primary support and resistance levels

• In the weekly time frame, SHIB established its lowest support level at $0.000007. Its highest resistance level is likely to be $0.000053.

2. Market sentiment

• The conditions in August 2024 suggest that the SHIB market is bearish.

3. Predictive forecasts

• Based on predictions from our AI/ML models, the average price of SHIB is expected to reach $0.001 in 2030 and increase to $0.01 in 2033.

Get valuable insights on SHIB via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

SHIB technical analysis: Bulls remain on edge for a reversal 

An analysis of SHIB’s weekly chart revealed significant fluctuations in price movement, offering insights into potential future trends and the Shiba Inu price prediction for 2024. The initial failure to overcome $0.000010 in August led to a decline to the lowest support at $0.000007 by September.

After a momentary fall below the low floor in October, the bulls initiated another recovery attempt mid-month. The price challenged the previous level once more in December.
 

The beginning of the new year did not immediately bring about a change in fortune for the memecoin. It struggled against the same level, only to face another setback. Yet, SHIB didn't fall to previous lows.
 

A turning point was observed towards the end of February when a significant price surge enabled the token to overcome this long-standing barrier. This breakthrough was not isolated, as many altcoins, including SHIB, followed Bitcoin's (BTC) higher trending price movements.

Continuing its upward trajectory into March, the token established $0.000032 as its new highest resistance level while reclaiming $0.000022. This development was particularly significant, as the level had not been overcome since Q2 2022. 

SHIB stood out as one of the cryptocurrency market's top performers, boasting substantial gains. However, this streak was interrupted as the broader market crashed. The dog-themed token underwent a correction in April after being deemed overbought.

The following descent caused SHIB to retrace its steps below $0.000026. Bullish attempts to reclaim this level remained unsuccessful. Consequently, the token was bound within a two-month range formation between this resistance and $0.000022.

Furthermore, a breakdown in mid-June flipped the latter bearishly, preceding further drops. The broader market recovery in mid-July elevated the token over $0.000016. However, it was lost to sellers later in the month. AMBCrypto’s analysis suggested that Shiba Inu would likely experience losses in the coming weeks. 
 

This materialized as the memecoin's value dropped to $0.000010 by August. As the analysis concluded, it was trading at $0.000013. The August price prediction report for Shiba Inu highlighted that SHIB was heading toward a break from a falling wedge pattern in the shorter time frame (STF). This pointed to the likelihood of a bullish reversal. Another report supported this outlook, anticipating a continued bull run.

For bulls to gain an edge, they must flip the market structure to bullish by decisively reclaiming the $0.000026 level. Should the bulls succeed, the immediate target would be $0.000032. Afterward, $0.000053 can be pointed as a barrier for further upside. 

However, if the downtrend continues and breaks $0.000010, the price can plunge to $0.000008 or the lowest support.
 

Our prediction models envision a moderate yet growing bullish sentiment. They forecast the token's average trading price to rise as high as $0.001 in 2030 and to $0.01 by 2033.

SHIB's 2024 roadmap: Key indicators to watch and trade

• SHIB’s trading volume remained lackluster for most of the observed period. An unsustainable increase in volume was observed during the late February surge, with a peak volume of 355.715 trillion recorded in March. The return to previous lows reflected a re-evaluation of the token's value by the market as traders reduced positions.
• The Awesome Oscillator (AO) turned positive in late November. From late February, the AO's positive values rose significantly. However, this momentum waned in April, culminating in the indicator dropping below the zero line by July. At press time, it stood at -0.00000278, indicating bearish conditions.
• The 20 and 50-week Exponential Moving Averages (EMAs) turned to support in late October and December, respectively. The candles briefly fell below the latter in January and the former by month’s end.
• Nonetheless, the price reinstated its dominant position in mid-February, making a golden cross. By mid-June, the dynamics reversed as the 20 EMA became a resistance. The candles dropped below the 50 EMA the following month and maintained this submissive position, albeit with an intermittent surge in mid-July. This highlighted the market’s selling bias.