Shiba inu is giving a good short term swing trade which can result in a gain of almost 10-15%.
In this article, we will look at Shiba Inu price target by looking at price target and technicals.
Shiba Inu Price Target
- Price: Approximately $0.000011 USD per SHIB.
- Market Capitalization: Approximately $6.5 billion USD.
- 24-Hour Trading Volume: Approximately $350 million USD.
- Circulating Supply: Approximately 589 trillion SHIB.
- Total Supply: Approximately 1 quadrillion SHIB.
Price is in a Downtrend, however, it had a bullish breakout from Channel Down pattern and price reached our target of $0.000015 resistance for 20% gain. Now it’s pulled back to $0.000012 support, which could be another swing entry. Stop Loss at $0.00000108. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend.
Technical Indicators
- Price Movement: SHIB has experienced a 2% increase in the past 24 hours but a 5% decline over the past week.
- All-Time High: Currently trading 87% below its all-time high of $0.000086 USD.
- 24-Hour Range: Low of $0.0000108 USD and high of $0.0000113 USD.
Recent Developments
- Shibarium Beta Progress: The Shiba Inu development team announced that the beta testing phase of Shibarium, their Layer-2 solution, is progressing smoothly, with plans to launch the mainnet in Q3 2025.
- Burn Rate Increase: Community-led initiatives have resulted in a 20% increase in the SHIB burn rate over the past month.
- New Exchange Listings: SHIB has been listed on two additional cryptocurrency exchanges.
