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While Shiba Inu has been one of the most painful assets to hold in recent weeks, market watcher Javon Marks…
The post Shiba Inu RSI Calls For 231% Recovery, Analysis Shows first appeared on The Crypto Basic.
Shiba Inu has netted over a 51% surge in the last few days, with a notable analyst predicting a more…
The post Shiba Inu to Reach $0.00017, Expert Sets Realistic SHIB Price Target first appeared on The Crypto Basic.
A report by Finder, which consulted 13 crypto industry leaders about Shiba Inu’s outlook, highlighted an extended timeline for SHIB…
The post Top Panel Projects Timeline For Shiba Inu to Hit $0.000045 first appeared on The Crypto Basic.
A recent analysis on TradingView argues that Shiba Inu could soon advance to the long-lost $0.00003 price level. Over the…
The post TradingView Analysis Confirms Shiba Inu Path to Long-Lost $0.00003 Level first appeared on The Crypto Basic.
Shiba Inu (SHIB) continues to exhibit minimal price movement, leading to a division among analysts regarding its future. Some predict…
The post Analysts Divided on Shiba Inu Hitting $0.001 as Price Stays Flat first appeared on The Crypto Basic.
Shiba Inu (SHIB) has been showing signs of potential growth, and market analyst Alan Santana has mapped out a path…
The post Expert Predicts Timeline for Shiba Inu to Hit New ATH of $0.00023 first appeared on The Crypto Basic.
The price prediction for Shiba Inu came in hot, as analysts tipped the asset to surge 21,000% to $0.003 in…
The post Here is When Shiba Inu (SHIB) Will Hit $0.003 first appeared on The Crypto Basic.
This article highlights how Shiba Inu could record a jaw-dropping rally to $1.2. The ongoing mild recovery across the broader…
The post Heres One Way Shiba Inu Could Spike to $1.2 first appeared on The Crypto Basic.
Shiba Inu (SHIB) currently trades at a critical juncture after recently breaching the resisting trendline posing a roadblock to a…
The post Shiba Inu All the Way to $0.000081 as it Finally Breaches Crucial Region first appeared on The Crypto Basic.
If SHIB ever reaches the $0.1 or $0.01 target, investors might need big bags of Shiba Inu to clinch an…
The post Heres How Much Shiba Inu You Need to Make $1B if SHIB Reaches $0.1 or $0.01 first appeared on The Crypto Basic.
A market participant might need much fewer Shiba Inu tokens to become a millionaire in USD if SHIB eventually reaches…
The post What Do You Need to be a Millionaire if Shiba Inu Only Hits 1 Cent first appeared on The Crypto Basic.
Recent analyses suggest a potential price recovery for Shiba Inu (SHIB) as it navigates crucial support and resistance levels and…
The post Shiba Inu Targets 116% Rise as Indicators Confirm Bullish Momentum first appeared on The Crypto Basic.
The dog-themed meme coin Shiba Inu (SHIB) has seen a notable price recovery over the past 24 hours amid the broader market rally. After hitting a five-month low of $0.00001274 on July 5, the coin has gained 8% in the past 24 hours and is up a steady 20% over the past week. However, a [...]
The post Shiba Inu (SHIB) Tipped For Explosive 1,440% Rally To $0.0003 By 2024-2025 appeared first on Crypto Breaking News.
The anonymous crypto analyst pullbacksignal has published a technical analysis of Shiba Inu (SHIB) via TradingView, which attests to the cryptocurrency a strong upside potential. In the 4-hour chart against Tether (USDT), the Shiba Inu price has formed an inverse head and shoulders pattern, traditionally recognized as a bullish reversal signal following a downtrend. Shiba Inu Price Eyes 45% Rally The inverse head and shoulders pattern is marked by three troughs with the middle trough (head) deeper than the flanking ones (shoulders), and it is the opposite of the traditional head and shoulders bearish pattern. The shoulders are ideally of equal depth, and the head is a clear dip below the shoulders. A key feature of this pattern is the ‘neckline,’ a resistance line drawn by connecting the high points of the two troughs forming the shoulders. A decisive breakout above this neckline is generally perceived as a confirmation of the pattern and signals the start of a potential bullish trend. Related Reading: Forbes Says Shiba Inu Price Will Rise 1,700% To Reach $0.0003 ATH, Heres When In his chart, the crypto analyst highlights this breakout signal. The neckline, drawn in red, has been breached on Saturday, July 13, with a closing price above this line, signaling bullish momentum. The left shoulder and right shoulder are aligned at approximately $0.000016, framing the head which dips below $0.000013. This dip, followed by a rebound to the second shoulder, completes the formation and sets the stage for potential upward movement. Notably, the crypto analyst identifies three potential targets post-breakout which investors might aim for. The first target is at $0.0000209, representing an initial resistance level past the breakout point. The second target lies at $0.0000239 and could serve as a mid-term goal for the price following the breach. The ultimate target at $0.0000285 reflects the full potential of the breakout, equating to an approximate 45% increase from the neckline breakout level. Related Reading: Shiba Inu Sees Sharp 100% Decline In Whale Activity, Is This Good Or Bad For Price? Moreover, an important element in the chart is the ascending blue trendline. This line, starting from the base of the head and moving upward through the formation of the right shoulder, underpins the bullish sentiment, illustrated by a rising support level. This trendline not only confirms the higher lows, which align with the bullish reversal pattern, but also serves as a dynamic support that can guide trading decisions. A bounce off this trendline could offer additional buying opportunities, reinforcing confidence in the continuation of the uptrend. For traders looking to capitalize on this setup, it is essential to manage risk. The analysis suggests a stop loss at $0.0000140. Furthermore, the pullback level marked at $0.0000150 is highlighted as a crucial support area. If the entire market is about to see another major correction, this price could serve as the ultimate buy-the-dip level. At press time, SHIB traded at $0.00001925. Featured image created with DALL·E, chart from TradingView.com
In an analysis, Moataz “Eljaboom” Elsayed, a crypto analyst and Forbes 40 under 40 nominee, has forecasted a significant surge in the value of Shiba Inu (SHIB). According to Elsayed, the meme-based cryptocurrency is poised for a potential increase that could see its value reach $0.00024, marking an unprecedented 1,105% gain from its current levels. Shiba Inu Price Set To Skyrocket 1,100%? In a review of SHIB’s price activity on the weekly chart (SHIB/USDT), Elsayed pinpointed a repeating pattern that initially occurred during the second quarter of 2021, shortly after Binance, a major crypto exchange, began trading SHIB. According to him, Shiba Inus historical data is exhibiting a pattern that, if repeated, will propel its price to new heights. He noted that the cryptocurrency experienced a notable rise to $0.00005 during the week of May 10, 2021, following its listing on Binance. Related Reading: Shiba Inu Open Interest Returns To February 2024 Levels, What Happened Last Time? Elsayed’s analysis draws attention to a critical period in SHIBs market behavior. After reaching a high of $0.00005, the token underwent a correction, settling below a pivotal support range of $0.00001784 to $0.00001995 for nearly 120 days. However, a subsequent breakout occurred in October 2021 as the broader bull market gained momentum, catapulting SHIB by 343.64% from its support level to a peak of $0.00008854. History Is Repeating Itself #SHIB pic.twitter.com/zeeXVWhpKZ Elja (@Eljaboom) June 8, 2024 The subsequent correction and entry into a bear market, exacerbated by the collapse of the Terra ecosystem in May 2022, saw SHIB prices fall below key support levels. It remained subdued under these levels for 658 days, struggling to surpass the $0.00001 mark. Yet, a resurgence in March of this year saw SHIB soar by more than 370% to a yearly high of $0.00004567. Building on this data, Elsayed anticipates a similar, if not more pronounced, trajectory for SHIB in the near future. He estimates that this next breakout could propel SHIB’s price to $0.0002404, effectively increasing its market capitalization to $141.6 billion. Given the cyclical nature of the crypto market, such could be on the cards, according to the crypto analyst. Related Reading: Shiba Inu Whale Enter Buying Frenzy, 715 Billion SHIB Snapped Up In Days In the daily SHIB/USD chart, Shiba Inu’s price is currently in a consolidation phase, following a significant rally to this year’s high in early March. Despite breaking out of a symmetrical triangle pattern in mid-May, SHIB failed to sustain a close above the 0.382 Fibonacci retracement level of $0.00002883. Subsequent to this rejection, the price fell below the 0.236 Fibonacci level and is now struggling to establish support at the 100-day Exponential Moving Average (EMA). Maintaining a daily close above $0.00002326 is critical to prevent a potential further decline towards the 200-day EMA at $0.00001977. Featured image created with DALL·E, chart from TradingView.com
Shiba Inu investors holding 250 million or 500 million SHIB tokens could become millionaires if SHIB rallies to the ambitious target of $0.005. Shiba Inu is participating in the ongoing relief rally across the broader market. This rally pushed SHIB above the $0.000015 mark. Despite the surge, many investors still believe Shiba Inus performance is low, as they expect a higher threshold with fewer zeros.Meanwhile, proponents continue to keep investors hopes alive that bigger upsides are coming. These enthusiasts believe Shiba Inu could eventually cancel more zeros and hit an unprecedented level of $0.005. Experts Set Timelines for Shiba Inu Surge to $0.005 This $0.005 target has gained popularity within the Shiba Inu community in recent months. Several analysts argue the target is achievable, setting different timelines for when it could play out. According to Changelly, Shiba Inu could reach the $0.005 price mark by May 2040. During this period, Changelly expects SHIB to trade at an average target of $0.00517 and a maximum target of $0.00578. Changelly SHIB Prediction for May 2040Changelly SHIB Prediction for May 2040However, leading crypto prediction platform Telegaon sees SHIB clinching the target sooner, specifically between 2036 and 2039. Worth of 250M or 500M SHIB Tokens at $0.005 While these predictions are purely speculative, hitting the $0.005 milestone would translate to significant gains for early Shiba Inu investors. For context, Shiba Inu traded at $0.00001520 hours before press time. At this price, its valuation reached $8.95 billion, positioning it as the 15th largest cryptocurrency by market cap. Accordingly, hitting the $0.005 milestone would require a massive growth of 32,794% from the current price of $0.00001520. This would translate to a market capitalization of $2.94 trillion, surpassing Bitcoins current valuation. Meanwhile, a rise of that magnitude could put smiles on the faces of early investors, particularly those holding between 250 million and 500 million SHIB tokens. With Shiba Inu currently trading at $0.00001520, investors can purchase these 250 million and 500 million SHIB tokens for $3,800 and $7,600, respectively. Notably, a portfolio of 250 million SHIB tokens worth $3,800 today would be valued at $1.25 million if SHIBs price eventually reaches the $0.005 target. Similarly, the 500 million SHIB holdings will be worth $2.5 million at a unit price of $0.005. Can SHIB Hit $0.005?Although this analysis seems enticing, the major question revolves around whether Shiba Inu is capable of reaching the $0.005 mark, given its supply. Out of Shiba Inus total supply of 589.55 trillion tokens, approximately 589.25 trillion SHIB are in circulation. If the circulating supply remains at this level, Shiba Inu must surge 32,794% from its current price to reach the $0.005 target. Many might consider this growth highly unlikely due to investors committing funds to new tokens over existing ones. As a result, a massive burn is required to drastically reduce Shiba Inus supply to make the $0.005 target feasible. In a hypothetical scenario where Shiba Inus supply decreases to 50 trillion, SHIB would only need to soar by 2,693% from the current price to hit $0.005. This would put Shiba Inus market cap at $250 billion instead of the $2.94 trillion stated earlier.
Investors who take advantage of the latest market dip by investing $1,000 in Shiba Inu could see returns of $10,000, $50,000, or even $100,000 if SHIB rises significantly. Shiba Inus attempt to recover the gains it lost during the peak of the global tariff war has stalled amid the recent market downturn. The broader crypto market experienced a slight dip due to anticipation of the Federal Reserves interest rate decision. Reacting to the upcoming macroeconomic event, the total crypto market cap slumped 0.73% in the past day to $2.93 trillion. This downturn resulted in a bloodbath in crypto prices, with Shiba Inu plunging by 3.37% within the past day. At the time of this publication, Shiba Inu was trading at $0.00001258, translating to a market valuation of $7.41 billion. In the meantime, the slight retracement has not dampened investors hopes for a significant rebound this cycle. Therefore, they consider the dip a major opportunity to acquire SHIB at discounted prices, with some encouraging a minimum investment of $1,000 in Shiba Inu. How Much SHIB Must Rise for $1K to be Worth $10K, $50K, or $100K A $1,000 stake would have fetched 83 million SHIB tokens when the price reached a daily high of $0.00001373 on May 1. However, following the latest dip, investors can scoop 79.49 million SHIB tokens at the current price of $0.00001258. This portfolio of 79.49 million Shiba Inu tokens, valued at $1,000 today, could soar to $10,000, $50,000, or $100,000 depending on how high Shibs price appreciates. For this $1,000 SHIB investment to be valued at $10,000, $50,000, or $100,000, Shiba Inu must hit target prices of $0.0001258, $0.000629, or $0.001258. While the $0.0001258 target demands a surge of 900% from the current price, the $0.000629 and $0.001258 projections represent gains of 4,900% and 9,900%, respectively. Clinching any of these targets would bolster the market valuation of Shiba Inus price. Assuming Shiba Inus circulating supply remains constant, its market cap would rise to $74.12 billion if the price hits $0.0001258. Further, if the price soars to $0.000629 and $0.001258, respectively, Shiba Inu would reach lofty valuations of $370.63 billion and $741.27 billion. When Can SHIB Reach $0.0001258, $0.000629, or $0.001258 Last year, popular crypto expert Eunice Wong projected that the second wave of this seasons bull run could take Shiba Inus price to the $0.000125 mark. However, Changelly analysts think the $0.0001258 projection could become a reality by February 2030, five years from now. They also expect Shiba Inu to continue its uptrend and finally clinch the $0.000629 target four years later, precisely by July 2034. Finally, Changelly believes the ambitious target of $0.001258, which requires Shiba Inu to eliminate two zeros from its price, would materialize between 2035 and 2039. Notably, these projections are speculative and should not be considered financial advice. As with all cryptocurrencies, SHIBs price is highly volatile, and there are no guarantees it will reach these targets within the predicted timeframes.
Technical analyst Javon Marks has reiterated his breakout target for Shiba Inu, which would mark an approximate 528% increase from its current levels.Amid this bullish projection, Shiba Inu has been trading at $0.0000129, down 0.4% from its intra-day high. The meme coin has also declined by 7.4% in the past 7 days, although the longer time frame is rather positive.Road to $0.000081Despite this performance, crypto analyst Javon Marks has reiterated his earlier prediction that Shiba Inus price could reach $0.000081 this cycle. This follows a successful retest of the breakout level that saw SHIB price rally to a seven-month high of $0.00003329 in December 2024. The rally was followed by a pullback, which brought the price back to a low of $0.0000108.According to Marks, this correction phase was expected and confirmed SHIB's technical structure. Since then, the SHIB price has been volatile and is trading around the $0.00001290 range.However, the price closing above $0.00002 at the end of 2024 added confidence to the ongoing structure. This current level is now seen as a base for further upside, as analysts predict a 528% rally is looming.Technical Structure Supported by Bullish DivergenceSHIBs chart shows a hidden bullish divergence forming, which is generally seen as a sign of underlying strength. This pattern occurs when price action makes higher lows, while indicators like RSI or MACD form lower lows.Marks pointed out that this type of divergence suggests buying pressure is building up, even as momentum indicators reflect short-term weakness. This setup often leads to the continuation of the existing trend.Holding above the breakout level while forming higher lows reinforces SHIBs technical positioning. Market watchers are monitoring for a breakout from the current consolidation, which could send the token toward higher resistance levels if volume increases.Long-Term Holder Growth Reflects Investor ConfidenceOn-chain data from IntoTheBlock confirms a rise in SHIB holders who have held the token for more than one year. These long-term holders have increased steadily since mid-2022 and continued into early 2025.This growth occurred during rallies and corrections, pointing to consistent accumulation. A growing base of long-term holders can reduce selling pressure, which supports price stability and helps maintain key support zones.Notably, the number of short-term traders who hold for less than one month has dropped by 36.5%.Shiba Inu Balance by Time HeldShiba Inu Balance by Time HeldThis decrease in speculative behavior, often linked to reduced volatility, shows that SHIB is becoming a more mature asset in the market.Cruisers, or holders with a holding period between one and twelve months, have grown by 3.15%. This trend supports the view that investors are shifting from short-term trading to medium and long-term positions.Burn Activity Adds to Bullish SentimentElsewhere, according to data from Shibburn, SHIBs token burn activity has increased sharply. Over the past 24 hours, 2,219,043 SHIB tokens were burned, which marked a 278.42% increase. Over the past 7 days, 313,950,965 tokens were removed from circulationup 324.14%.https://twitter.com/shibburn/status/1919301080313184409SHIBs burn mechanism reduces supply and is designed to increase scarcity over time. As more tokens are burned, the supply becomes more limited, supporting upward price movement if demand remains steady or grows.
Shiba Inu could cancel two zeros if Elon Musk promotes it like Dogecoin, based on historical data on DOGE performance.Shiba Inu and Dogecoin have a rich history of extraordinary price surges due to various factors that supported their movement. Meanwhile, some consider Shiba Inu the best-performing crypto asset of 2020/2021, as it experienced an astounding 150,000,000% price increase.Dogecoin also saw fantastic price movement during that cycle. Notably, its performance was mainly attributed to its historic endorsement from Elon Musk at the time. Unlike DOGE, Shiba Inu's impressive growth was primarily due to community support and market hype.With Dogecoin having benefited from the support of the richest man in the world, questions now arise as to how SHIB might perform if it received similar promotion from Elon Musk as DOGE did.Dogecoin Historic Price Movements Amid Elon Musk's PromotionElon Musk first mentioned "DOGE" in a tweet on July 18, 2020. It was in response to a follower's query about Bitcoin, to which Musk replied, "I only sell DOGE." On that day, Dogecoin was trading at $0.003031 and surged 24% to $0.003753 the next day following the mention. At the time, Shiba Inu had not yet been created.DOGE later dipped to $0.002400 in the following months. However, Musk mentioned DOGE again in a tweet on November 17, 2020. Dogecoins price rose from $0.002886 that day to $0.003800 before the end of the month. The surge continued into the following month, with DOGE breaking past the $0.0040 level.On December 20, 2020, Musk made a more pronounced statement by tweeting, One word: DOGE, in a standalone post, not as a reply. This tweet had a greater impact, pushing Dogecoin from $0.0038 to $0.0054 the next day, a 55.4% gain in a single day. From that point forward, Dogecoin experienced a consistent uptrend, reaching the $0.01 region in January 2021 as the crypto community increasingly took notice of Elons promotion.A more significant boost occurred on February 4, 2021, when Musk posted an image depicting a moonshot with the caption DOGE. This marked the beginning of Dogecoins historic rally. Musks promotion of DOGE intensified that month with multiple tweets.Elon Musk Dogecoin mentioning DogecoinElon Musk mentions DogecoinDOGE Gained 24,235% Amid Musk's SupportDogecoin surged from $0.0311 in February 2021 to an all-time high of $0.7376 by May that year, a 2,271% increase in just three months. Notably, the Tesla Shop began accepting DOGE as payment during this period.Considering DOGE's price of $0.003031 at the time of Musks first mention to its peak, it experienced a staggering 24,235% increase, all within a single year.What if Elon Musk Starts Promoting Shiba Inu Like He Did DOGE?This leads to a speculative question: What if Elon Musk promotes Shiba Inu like he did Dogecoin? While this remains speculative and uncertain, we can estimate the potential outcome if SHIB were to experience comparable growth to DOGEs 24,235%.Applying a 24,235% increase to SHIBs current price of $0.00001322 would result in a price of approximately $0.003217. This effectively eliminates two zeros for SHIB's price, just as Dogecoin did due to Musks influence.However, the idea of Musk promoting SHIB is purely speculative and unlikely. Musk has shown a stronger preference for Dogecoin over other crypto assets.Moreover, Shiba Inu may have indirectly benefited from Musks promotion of DOGE in 2020/2021. While Dogecoin soared from July 2020 to May 2021, Shiba Inu also saw significant growth starting in January 2021. SHIB's momentum extended until October 2021, when it reached its peak of $0.00008845. Considering its low-to-peak performance that season, SHIB arguably even outperformed DOGE during that period.
While aggressive SHIB burns are often seen as the only way for Shiba Inu to reach $0.01, SHIB could still hit that milestone through other means. Like most crypto assets, Shiba Inus performance has been below expectations. Given the positive developments in the market, most Shiba Inu community members expect the token to be trading at higher levels compared to the current price. In particular, the United States government, under Donald Trumps leadership, has been supportive of crypto. The government is making efforts to establish fair and clear regulations for the industry. As part of this effort, the SEC recently declared that meme coins like Shiba Inu are not securities. Despite this, Shiba Inu has continued to underperform. At the current price of $0.00001327, it is down 10.28% in the past week and has fallen by 60.13% from its December 8 peak of $0.00003329. Is Burns the Only Way for SHIB to Hit $0.01?Nonetheless, some Shiba Inu enthusiasts have remained optimistic about SHIBs prospects, particularly its potential surge to the $0.01 target. For context, reaching the $0.01 target requires Shiba Inu to rise by 75,257% from the current price of $0.00001327. If this happens, Shiba Inu would have a market cap of $5.89 trillion, assuming its supply of 589.5 trillion tokens remains constant. The $0.01 prediction has gained popularity within the Shiba Inu community, with members deliberating whether SHIB could ever achieve the milestone. While Shiba Inus marketing lead, Lucie, believes SHIBs potential surge to the $0.01 target is more likely to happen, critics emphasize that the prediction is unrealistic. These critics think that Shiba Inu could only reach the $0.01 target if it experiences an aggressive burn that would drastically reduce its supply by a huge margin. Another Path to $0.01 However, some users believe that SHIBs price could reach the ambitious target if it stays closely correlated with Bitcoin and the premier assets value spikes tremendously. According to data from IntoTheBlock, Shiba Inus correlation with Bitcoin stands at 92% over the past 30 days at the time of publication. Shiba Inu correlation with BitcoinThis indicates that Shiba Inus value would spike massively whenever the price of Bitcoin soars, and vice versa. Notably, Shiba Inu has a history of outperforming Bitcoin. Therefore, a little surge in Bitcoins price could translate to a heavy increase for Shiba Inu, potentially paving the way for SHIBs surge to the ambitious $0.01 target. Bitcoin to Still Maintain Dominance This analysis assumes that Shiba Inus potential rise to $0.01 would not stop Bitcoin from being the worlds largest cryptocurrency by market cap. As mentioned earlier, Shiba Inu is expected to have a market cap of $5.89 trillion if its price rises to $0.01. Notably, Bitcoin can only maintain its dominance in the crypto market if its market cap exceeds the $5.89 trillion mark. For instance, at a market cap of $5.89 trillion, each Bitcoin would be worth $296,585, assuming BTC maintains its circulating supply of approximately 19.86 million coins. Bitcoin could further solidify its dominance in the crypto market if its valuation doubles that of Shiba Inu when SHIB rises to $0.01. Doubling SHIBs $5.89 trillion market cap would hypothetically put Bitcoins valuation at $11.78 trillion. At this valuation, Bitcoin would trade at $593,171 per coin, representing an increase of 516% from the current price of $96,265. Despite how enticing this analysis seems, there is no guarantee that Shiba Inu would ever clinch a target price of $0.01 even when Bitcoins price increases. Therefore, investors must exercise caution and conduct due diligence before investing in cryptocurrencies.
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