Shiba Inu Price Overview
Currently, the price of Shiba Inu (SHIB) is $0.0000165, reflecting a 1% decline over the past 24 hours. Historically, SHIB has closed above its opening price on 48.99% of days. The all-time high for SHIB was $0.0000725, reached nearly three years ago, which means the current price is down 77.21% from that peak.
### Technical Analysis
Among 17 technical indicators, 4 suggest a buy while 2 indicate a sell, resulting in a bullish short-term sentiment. The key resistance level for SHIB is at $0.0000176; a close above this level could lead to further gains, while support is set at $0.0000161. If the price falls below $0.0000161, a further decline may occur. Conversely, a close above $0.0000176 could push the price up to the next resistance at $0.0000202.
The 14-day relative strength index (RSI) is at 60.20, indicating neutral market conditions. The weekly RSI is lower at 32.21, also suggesting a balanced market.
### Historical Performance
Historically, SHIB has closed above its opening price on the last day of October three times out of four years, with only one instance of a lower closing price. October has been the strongest month for Shiba Inu, with three out of four years ending higher than the start. In contrast, June has been consistently weak, with prices falling in all four years.
### Past Bull Run
Shiba Inu experienced a notable bull run in October 2021, peaking at $0.0000885. Since that time, 1,071 days have passed.
### Future Price Predictions
Looking ahead, Shiba Inu is projected to reach $0.0000192 in the next 10 days. For the longer term, forecasts estimate a price of $0.000189 by 2025, with a potential high of $0.000364 by 2030. The prediction for 2040 suggests a price of $0.00113.
For 2024, the expected price range for SHIB is between a maximum of $0.0000212 and a minimum of $0.0000527. Predictions for 2025 anticipate a high of $0.000189 and a low of $0.000141.
