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 was noted at $0.000032.

2. Market sentiment

• The conditions in September 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 $0.000040 in 2032 and increase to $0.000050 in 2035. 

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: Examining prospects for a bullish 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. Initially, the memecoin clung to its lowest support at $0.000007 in September.

After a momentary fall below the low floor in October, the bulls initiated a recovery rally mid-month. Thus, the price rose and challenged the critical $0.000010 mark in mid-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 a 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 tested the highest yearly resistance at $0.000032, simultaneously 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 to $0.000012 in July. The broader market recovery in mid-month elevated the token over $0.000016.
 

However, it was lost to sellers later in the month. Consequently, SHIB returned to the former support and has remained close to it since then. As the analysis concluded, it was trading at $0.000013. AMBCrypto’s recent analysis revealed that SHIB could likely face rejection at the closest resistance as the short-term momentum favored the bears.
 

However, another report highlighted Kraken's addition of SHIB as collateral for over 200 perpetual futures. Furthermore, the memecoin formed a triangle/wedge pattern in the shorter time frame. A breakout seemed imminent and could potentially trigger a significant long-term uptrend.

To gain an edge, buyers must flip the market structure to bullish by decisively reclaiming the $0.000016 level. Should the bulls succeed, the immediate target would be $0.000022. However, if the downtrend continues and breaks the current support, the price can plunge to $0.000010 or lower to $0.000008.

Our prediction models envision a moderate yet growing bullish sentiment. They forecast the token's average trading price to rise as high as $0.000040 in 2032 and to $0.000050 by 2035.

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 -0.00000550, 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.