Shiba Inu (SHIB) Price Prediction 2023

Bullish SHIB price prediction for 2023 is $0.00001419 to $0.00002204.

Shiba Inu (SHIB) price might also reach $0.00008 soon.

Bearish SHIB price prediction for 2023 is $0.00000788.

In Shiba Inu (SHIB) price prediction 2023, 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

Current Price
$0.00001095
24 – Hour Trading Volume
$435,501,648
24 – Hour Price Change
2.9% up
Circulating Supply
589,362,870,941,827
All – Time High
$0.00008616 (on Oct 28, 2021)
SHIB Current Market Status
(Source: CoinGecko)

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 holds the 14th position on CoinGecko right now. SHIB price prediction 2023 is explained below with a daily time frame.

SHIB/USDT Ascending Triangle Pattern (Source: Tradingview)

The above chart of Shiba Inu (SHIB) laid out an Ascending Triangle pattern.The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows.

If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern.

Currently, Shiba Inu (SHIB) is in the range of 0.00001102. If the pattern continues, the price of SHIB might reach the resistance levels of $0.00001515 and $0.00002980. If the trend reverses, then the price of SHIB may fall to $0.00000990 and $0.00000780.

Shiba Inu (SHIB) Support and Resistance Levels

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

SHIB/USDT Support and Resistance Levels (Source: Tradingview)

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 $0.00001419Resistance Level 2 $0.00002204Support Level 1 $0.00000993Support Level 2 $0.00000788SHIB/USDT Support and Resistance Levels

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 $0.00002204.

Accordingly, if the investors turn against crypto, the price of Shiba Inu (SHIB) might plummet to almost $0.00000788, a bearish signal.

Shiba Inu (SHIB) Price Prediction 2023 — 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.

SHIB/USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of Shiba Inu (SHIB) is shown in the chart above. Notably, Shiba Inu (SHIB) price lies below 50 MA (short-term), so it is on a downtrend. Currently, SHIB has entered a bearish 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 43.49. This means that Shiba Inu (SHIB) is in an oversold 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 2023 — ADX, RVI

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

SHIB/USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Shiba Inu (SHIB). Currently, the ADX of SHIB lies in the range of 18.16 and thus, it indicates a weak 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 below 50, indicating low volatility. In fact, the RSI of Shiba Inu (SHIB) is at 43.49 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).

BTC Vs ETH Vs SHIB Price Comparison (Source: Tradingview)

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

Shiba Inu (SHIB) Price Prediction 2024-2030

Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Shiba Inu (SHIB) between 2024 and 2030.

Shiba Inu (SHIB) Price Prediction 2024

If the declining price action completely slows down in momentum and the trend reverses, Shiba Inu (SHIB) might probably attain $0.0002 by 2024.

Shiba Inu (SHIB) Price Prediction 2025

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 $0.0005 by 2025.

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 investors for the next 3 years, SHIB would rally to hit $0.003.

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 investors for the next 4 years, SHIB would rally to hit $0.005.

Shiba Inu (SHIB) Price Prediction 2028

If Shiba Inu (SHIB) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, SHIB would rally to hit $0.008

Shiba Inu (SHIB) Price Prediction 2029

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 $0.01 in 2029.

Shiba Inu (SHIB) Price Prediction 2030

If investors flock in and continue to place their bets on Shiba Inu (SHIB), it would witness major spikes. SHIB might hit $0.03 by 2030.

Conclusion

With continuous improvements in the Shiba Inu network, we can say that 2023 is a good year for SHIB. For this reason, the bullish price prediction of Shiba Inu (SHIB) in 2023 is $0.00002204. On the other hand, the bearish price prediction of Shiba Inu (SHIB) price prediction for 2023 is $0.00000788.

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 $0.00008 if the investors believe that SHIB is a good investment in 2023.

FAQ

1. What is Shiba Inu (SHIB)?

Shiba Inu (SHIB) is a popular memecoin that was launched in 2020 as an ERC-20 token. It is compatible with both the Ethereum blockchain and Binance Smart Chain (BSC).

2. Where can you purchase Shiba Inu (SHIB)?

Shiba Inu (SHIB) has been listed on many crypto exchanges which include Binance, Coinbase Exchange, KuCoin, OKX and Bitfinex.

3. Will Shiba Inu (SHIB) reach a new ATH soon?

With the ongoing developments and upgrades within the Shiba Inu platform, SHIB has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Shiba Inu (SHIB)?

On October 28, 2021, Shiba Inu (SHIB) reached its new all-time high (ATH) of $0.00008616.

5. Is Shiba Inu (SHIB) a good investment in 2023?

Shiba Inu (SHIB) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Shiba Inu in the past few months, SHIB is considered a good investment in 2023.

6. Can Shiba Inu (SHIB) reach $0.00008?

Shiba Inu (SHIB) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Shiba Inu (SHIB) will hit $0.00008 soon.

7. What will be Shiba Inu (SHIB) price by 2024?

Shiba Inu (SHIB) price is expected to reach $0.0002 by 2024.

8. What will be Shiba Inu (SHIB) price by 2025?

Shiba Inu (SHIB) price is expected to reach $0.0005 by 2025.

9. What will be Shiba Inu (SHIB) price by 2026?

Shiba Inu (SHIB) price is expected to reach $0.003 by 2026.

10. What will be Shiba Inu (SHIB) price by 2027?

Shiba Inu (SHIB) price is expected to reach $0.005 by 2027.

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

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