The post Will Shiba Inu Coin Reach $1 Before July 1? appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) has always been a coin of high dreams and wilder speculation. With its fanbase aiming for $0.01 or even $1, the question resurfaces: can SHIB hit that dream mark by July 1, 2025? Let’s break down the reality based on the latest charts. Shiba Inu Price Prediction: What Are the Charts Telling Us Right Now? SHIB/USD 1 Hr Chart- TradingView As of May 17, 2025, SHIB is trading at $0.00001430. Both the hourly and daily charts indicate short-term bearish pressure. On the hourly chart, SHIB is stuck below all the key moving averages—20, 50, 100, and 200 SMA. The hourly price action is consistently getting rejected around the $0.00001536 and $0.00001553 marks, which represent the 100- and 200-hour SMAs, respectively. That’s a clear signal of weak momentum. SHIB/USD 1 Day Chart- TradingView On the daily chart, SHIB price recently failed to hold above $0.00001600, which had acted as a breakout point in late April. After hitting a local high near $0.00001800, the coin retraced sharply and is now once again testing support near $0.00001314 (the 50-day SMA). Is $1 a Realistic Target by July? Let’s do the math. SHIB is currently trading at: $0.00001430 To hit $1, it would need to rise by: $1 / $0.00001430 ≈ 69,930x That’s nearly a 70,000% increase, or a 6,993,000% gain from current levels. Even during the 2021 bull run frenzy, SHIB price best rally was around 48,000% over a longer timeframe. Hitting $1 in 45 days would require SHIB to double approximately every 2.5 hours—which is beyond any historical precedent in crypto. What Are the Support and Resistance Levels? On the daily timeframe, SHIB price has immediate support at $0.00001314, which is the 50 SMA. Below that lies stronger support at $0.00001200. If this zone breaks, price could freefall toward…

---

Filed under: News - @ May 17, 2025 7:17 am