Shiba Inu price has been gaining momentum, fuelling speculation about whether it can hit the highly anticipated $0.001 mark in the next 45 days. SHIB has staged an impressive 7% gain today, March 12, 2025, and trades at $0.0000124. With rising prices and the broader crypto market trend shifting positive, can SHIB price rebound and possibly target $0.001 in the next 45 days? 

Is $0.001 Possible for Shiba Inu Price in the Next 45 Days? 

Shiba Inu price could be on the verge of a major rebound as macro factors flip bullish. US inflation fell to 2.8%, which is lower than market expectations, fuelling speculations of a possible interest rate cut during next week’s FOMC meeting. 

If the Federal Reserve trims rates from the current range of between 4.25% and 4.50%, it could drive a parabolic rally for Shiba Inu price in the next 45 days, and possibly lead to a rally towards $0.001. 

A rapid surge in the SHIB burn rate could also drive such a parabolic rally. However, at press time, the burn rate was down 65%, indicative of fewer tokens being removed from the circulating supply.

However, as Shibarium approaches a crucial milestone, this burn rate could surge significantly and lower the total supply, leading to a significant upswing for Shiba Inu price. 

Social metrics platform LunarCrush has also noted that meme tokens such as Shiba Inu have seen a significant increase in social mentions. Per the platform, SHIB mentions rose by 4,300, indicating that the market interest is rising, which may help fuel a parabolic price rally.

Mapping SHIB’s Path to $0.001 

Shiba Inu price faces key technical barriers on its path to $0.001, with its massive 587 trillion token supply making such a rally highly challenging. If SHIB were to hit this target, it would surpass Ethereum in market cap, becoming the largest altcoin. However, institutional interest remains low, and no SHIB ETF filings. This limits the potential for widespread adoption.

Additionally, current market conditions suggest Shiba Inu price is unlikely to reach $0.001 within the next 45 days. The weekly RSI sits at 37, signaling bearish momentum and oversold conditions. With buying pressure lacking, SHIB faces significant hurdles in achieving sustained gains beyond $0.001.

However, the on-balance volume (OBV) indicator shows a bullish divergence as it remains elevated despite the price drop. This suggests that panic selling is behind the price decline rather than a bearish shift in the market sentiment. This makes it likely for the Shiba Inu price to rally. 

Even if buying pressure resumes, a more realistic target for a Shiba Inu price prediction in the next 45 days is the 476.4% Fibonacci level of $0.00039.

SHIB/USDT: 1-Week Chart

To sum up, a Shiba Inu price rally to $0.001 in the next 45 days is unrealistic. However, if the SHIB burn rate were to suddenly increase and institutions show interest in a SHIB ETF, such gains could happen. 

The post Shiba Inu Price: Is $0.001 Possible In the Next 45 Days? appeared first on CoinGape.

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Filed under: News - @ March 12, 2025 2:52 pm