Shiba Inu (SHIB) Coin Price Prediction 2022–2030. How High Will SHIB Reach?
An anonymous creator, Ryoshi, launched the Shiba Inu (SHIB) token in 2020. SHIB developers have migrated SHIB tokens to other blockchains such as Solana and Binance Smart Chain because of Ethereum’s high gas fees.
According to CoinMarketCap, Shiba Inu has a total supply of 589,735,030,408,323 SHIB. Among the top cryptocurrency exchanges for Shiba Inu (SHIB) trading are Binance, Coinbase, Kucoin, FTX, Gate.io, Kraken, Mexc and more.
The price of Shiba Inu Coin (SHIB) ranging between $0.00003198 at the resistance4 level and $0.00001967 at the resistance1 level, in the past few months, and then touched the $0.00000618 support2 level and $0.00000949 support1 level.
Irrespective of this sideways movement in the price of SHIB, we can deduce the following:
1. As a result of the history at that time, Shiba Inu coin (SHIB) is expected to breakout at the $0.00001967 resistance1 level. It may be possible for SHIB to surge to the $0.00003178 resistance4 level before reversing, due to the formation of a triple top.
2. In the event that the price of SHIB reverses at the resistance 1 level, it could drop to the support 2 level at $0.00000618 until a double bottom is formed. This could lead to a bullish reversal.
Since many psychological barriers may be broken, we anticipate a bullish long-term SHIB price prediction for 2022. We can expect SHIB to reach $0.00005 this year.