Shadow Token Price Prediction: 2024, 2025, 2030

SHDW price prediction: Key highlights

1. Primary support and resistance levels 

• On the daily chart, $2.37 was marked as the highest resistance.
• Meanwhile, $0.68 can likely be the lowest floor for the price.

2. Market sentiment

• The market sentiment for the token is seen to be bearish in May 2024.

3. Predictive forecasts

• Based on our AI/ML algorithms, the average price for SHDW is projected to reach close to $30 in 2028 and soar over $1,200 in 2033. 

Given below is a comprehensive daily technical analysis of SHDW, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

SHDW technical analysis: Exchange listings fail to save the price

The Shadow Token price prediction for 2024 delves into the token’s movements on its price chart, which lay the foundation for the asset's potential future trajectory. In the context of a shorter time frame (STF), the token exhibited affirmed footing at a price level of $1.31. 
 

A significant price increase towards the end of March saw the token escalate to a peak resistance level of $2.37. This surge was predominantly influenced by SHDW’s inclusion in Coinbase's upcoming listings roadmap. This heightened attention came at a pivotal time, as 2024 also marked the year when SHDW was listed on several centralized exchanges (CEXs), including Crypto.com and Gate.io. 

The token’s addition to these platforms further expanded its accessibility and trading volume, potentially contributing to its price dynamics during this period. Following the initial surge, SHDW experienced a retracement, with the price stabilizing at $1.78. 

Nevertheless, in early April, the anticipation culminated with Coinbase officially listing SHDW, which began trading on the platform on April 10. This event briefly revitalized the token’s trading momentum to test the peak resistance again.
 

Despite these positive developments, the upward momentum was not sustained, and SHDW encountered a stronger bearish trend shortly thereafter. By mid-April, the token’s price had fallen below the $1.31 mark. 

Efforts to maintain a foothold at the critical support level of $1.06 faltered towards the latter half of the month. The lack of sufficient buying pressure led to a further decline, culminating in SHDW reaching its lowest support level at $0.76 by the end of April.
 

At press time, the altcoin traded at $0.79. As reported by CoinMarketCap, this price point signified a substantial depreciation exceeding 60% over the last month.
 

If this trend continues, the price can likely shed more of its gains. Meanwhile, $0.68 might provide support for further declines. Contrastingly, if the market sentiment improves, the bulls can gather enough strength to initiate a stronger rally, allowing the price to reclaim $1.06.
 

This would put overcoming the next resistances as a prioritized target, paving the way for the asset to retest its peak barrier. The predictive models for SHDW indicate a significant long-term growth trajectory. According to the current forecasts, the average price of SHDW is projected to exceed $30 by 2028. 
 

This represents a substantial increase from its current trading levels and suggests a robust adoption and integration scenario for SHDW in the coming years, potentially driven by increased utility, wider acceptance, and positive market dynamics. Looking ahead, the models predict an even more remarkable growth, with SHDW's price soaring to over $1,200 by 2033.

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

• The trading volume exhibited a generally lackluster trend throughout the period analyzed, punctuated by sporadic spikes. Interestingly, as prices continued to decline in April, there was a noticeable albeit slight recovery in volume.
• The Moving Average Convergence Divergence (MACD) and its signal line both commenced above the zero line, with the former dominating. The MACD line briefly dipped below its counterpart in late March but soon regained its position. 
• In April, both lines began their descent, with the MACD line dropping below the signal line during the first week. By mid-April, both lines had crossed below zero, with the MACD line leading.
• The downtrend persisted until the end of the analysis period. As per the latest data, the MACD line was at -0.1987, the signal line at -0.1833, and the histogram at -0.0154. These values confirmed a continued bearish trend 
• At the beginning of the period, the price candles lightly crossed above the upper Bollinger Band, causing a slight expansion. This was further amplified as SHDW experienced a significant uptick above the upper band.
• By mid-April, the price had dropped below the 20-day Moving Average (MA) and slightly below the lower band. At press time, it had maintained its position below the MA but managed to stay marginally above the lower band. It reinforced the idea that the downtrend was still in play.