The cryptocurrency market remains highly volatile, and Shiba Inu (SHIB) is no exception. To forecast SHIB’s price movement over the next 30 days, this analysis focuses on key technical indicators and chart patterns from TradingView data. We’ll examine Bollinger Bands, the Relative Strength Index (RSI), support and resistance levels, and potential market scenarios to provide a comprehensive outlook for traders and investors.
Currently, Shiba Inu (SHIB) is trading at $0.00002190**, with a 24-hour trading volume of **$639.68 million, a market capitalization of $12.90 billion, and a market dominance of 0.38%. Over the past 24 hours, SHIB has seen a modest increase of 1.69%.
SHIB reached its all-time high (ATH) of $0.00008819** on October 28, 2021, while its lowest recorded price was **$0.0000000005637 on November 28, 2020. Since its ATH, the lowest point in the current cycle was $0.00005821**, and the highest rebound since then reached **$0.00004501. The current market sentiment for SHIB is bearish, with the Fear & Greed Index showing a reading of 62 (Greed)—indicating rising speculative interest but not yet euphoric levels.
The circulating supply of SHIB stands at approximately 589.26 trillion tokens, out of a maximum supply of 589.74 trillion. Notably, the annual inflation rate is currently -0.01%, meaning about 35.36 billion SHIB tokens have been removed from circulation over the past year—suggesting a deflationary trend driven by token burns and reduced selling pressure.
Technical Analysis of SHIB Price
1-Hour Chart: Short-Term Indecision
👉 Discover real-time trading signals that could reveal the next big move in SHIB.
Bollinger Bands: These bands measure volatility by plotting two standard deviations above and below a moving average. On the 1-hour chart, SHIB is hovering near the middle band, signaling low volatility and a lack of strong directional momentum. Historically, such consolidation often precedes a breakout—either upward or downward. Traders should monitor whether price approaches the upper or lower band, as this may indicate the direction of the next significant move.
Relative Strength Index (RSI): The RSI currently reads 50.46, reflecting a neutral market condition. An RSI near 50 suggests neither overbought nor oversold conditions, with no clear momentum. A move above 60 could signal growing bullish strength, while a drop below 40 might confirm bearish control.
Short-Term Candlestick Patterns: Recent candles show smaller bodies with tight wicks, indicating market indecision. Combined with relatively low trading volume, this suggests traders are waiting for a catalyst—such as major news or broader market momentum—before making large moves.
Daily Chart: Slight Bearish Bias
Bollinger Bands (Daily): On the daily timeframe, SHIB is approaching the lower Bollinger Band. This proximity can suggest oversold conditions, potentially setting up for a bounce. However, if price fails to rebound and remains near this level for an extended period, it could lead to further downside pressure.
Daily RSI: The daily RSI stands at 43.31, indicating a slightly bearish tilt. While not yet in oversold territory (below 30), this reading reflects ongoing selling pressure. A continued decline in RSI could reinforce a stronger downtrend.
Heikin-Ashi Candles: These smoothed candles help filter noise and highlight trend direction. The most recent Heikin-Ashi candles show diminishing red candle sizes and shorter lower wicks, suggesting that bearish momentum may be weakening. This could hint at a potential reversal or stabilization phase ahead.
Key Support and Resistance Levels
Identifying critical support and resistance zones is essential for predicting SHIB’s next move.
Support Levels
- $0.00002100: A key historical support level where buying interest has previously emerged. A successful defense here could prevent deeper losses.
- $0.00002000: A psychological support level often watched by retail traders. A break below this could trigger additional selling.
Resistance Levels
- $0.00002250: Immediate resistance. A sustained breakout above this level could attract more buyers and open the path toward higher targets.
- $0.00002500: A major resistance zone. Clearing this hurdle would be necessary for SHIB to enter a sustained bullish trend.
Summary of Technical Indicators
- RSI: Neutral on the 1-hour chart, slightly bearish on the daily chart—indicating mixed sentiment across timeframes.
- Bollinger Bands: Price near the middle band (1H) and lower band (daily) suggests possible consolidation or downside bias.
- Volume: Low trading volume on both timeframes reflects weak conviction among traders, which may delay a decisive breakout.
Possible Scenarios for the Next 30 Days
Bullish Scenario
If SHIB breaks and holds above $0.00002250** with strong volume, it could rally toward **$0.00002500 or higher. Potential catalysts include:
- Overall crypto market rally: Broader bullish momentum in Bitcoin and altcoins often lifts meme coins like SHIB.
- Ecosystem developments: Progress in Shibarium adoption, new utility features, or exchange listings could boost investor confidence.
- Retail trader interest: Renewed hype around meme coins—especially during periods of high social media engagement—can drive short-term price surges.
👉 See how top traders are positioning themselves ahead of potential breakout moves.
Bearish Scenario
Failure to hold $0.00002100** could lead to further declines, possibly testing **$0.00002000 or lower. Contributing factors might include:
- Market-wide correction: A pullback in Bitcoin or Ethereum could drag SHIB down due to correlation.
- Reduced retail interest: If macroeconomic uncertainty dampens risk appetite, speculative assets like SHIB may lose momentum.
- Technical breakdown: Persistent low RSI readings and failure to bounce from key support levels would confirm ongoing bearish control.
Consolidation Scenario
Given the neutral RSI and low volume, SHIB may trade sideways between $0.00002100** and **$0.00002250 for the next few weeks. Range-bound action typically occurs when traders await clearer signals or external catalysts. This phase could eventually lead to a breakout—or extend into prolonged stagnation depending on broader market dynamics.
Frequently Asked Questions (FAQ)
Q: Is SHIB likely to go up in the next 30 days?
A: While current indicators are neutral to slightly bearish, a breakout above $0.00002250 with strong volume could trigger a short-term rally. Watch for market-wide momentum and ecosystem news as potential catalysts.
Q: What is the immediate support level for SHIB?
A: The key support is at $0.00002100. If this level holds, it may prevent further downside. A break below could open the door to $0.00002000 or lower.
Q: Can SHIB reach $0.001 in 2025?
A: Reaching $0.001 would require a massive market cap exceeding $589 billion—more than double Bitcoin’s current valuation. While theoretically possible in extreme bull markets, it’s highly unlikely under current conditions.
Q: Is Shiba Inu a good long-term investment?
A: SHIB’s long-term potential depends on real-world adoption of its ecosystem (e.g., Shibarium, DeFi tools). While speculative upside exists, investors should balance expectations with risk due to its meme coin nature.
Q: How does token burning affect SHIB’s price?
A: Burning reduces supply over time, creating deflationary pressure. With over 35 billion tokens removed last year, this can support price stability—but only if demand keeps pace.
Final Outlook
SHIB’s price direction over the next 30 days will hinge on market sentiment, trading volume, and key technical levels. While current data shows a neutral-to-slightly-bearish bias, the situation can shift rapidly with external catalysts such as macroeconomic news, Bitcoin trends, or project-specific updates from the Shiba Inu team.
Traders should closely monitor the support at $0.00002100** and resistance at **$0.000225 for early signs of the next major move. Whether SHIB breaks out upward, drops further, or consolidates will depend on how these levels hold under pressure.
👉 Stay ahead of market shifts with advanced analytics tools used by professional traders.