When Will the Price of Shiba Inu Reach $1?

In the context of increasing volatility in the memecoin segment, top meme coins have shown mixed price action over the past few days. Tokens like Dogecoin & Shiba Inu have successfully regained growth momentum, leading to them breaking through important resistance levels. Additionally, the optimism of whale investors and retail investors is reaching new all-time highs, indicating increasing buying and selling pressure on the second largest memecoin in the cryptocurrency market. After that, questions like “Will Shiba Inu reach 1 dollar by 2025?” and “Will the price of Shiba Inu reach 1 dollar in the next 30 days?” have flooded the internet. To explore the possibility of this event, scroll down to the bottom. Shiba Inu Records Price Increase According to the latest report, the SHIB burn rate has surged by 180.85% in 24 hours to 38,126,662 SHIB tokens. Notably, during this time, there have been 3 burn transactions with 2 transactions exceeding 10 million tokens in a single transaction.

Moreover, Shibarium has introduced a limit on the rate of Remote Procedure Call (RPC) to enhance Decentralization (DeFi), recommending developers to operate personal nodes for better resilience. This comes after a major sell-off by whales, Shiba Inu may see growth from new buyers and advancements in the Shibarium ecosystem. SHIB Memecoin is Striving to Overcome a Significant Resistance Level With a trading volume of 457.59 million dollars, the price of Shiba Inu has decreased by about 3% in the last 24 hours. Furthermore, with a circulating supply of 589.5 trillion, this memecoin is being traded at a price of 0.0000148 dollars and has a market capitalization of 8.75 billion dollars. With this, it has a dominance of 0.2541% in the cryptocurrency market.

The relative strength index (RSI) is on the verge of testing the neutral point in the daily timeframe, with the continuous average trend line serving as a resistance level for the SHIB price chart. This indicates mixed price action for this coin in the cryptocurrency space. While the 50-day EMA acts as support for the price chart in the 1D timeframe. On the other hand, the 200-day EMA shows a strong resistance level around $0.0000160. By assessing the current market sentiment, this memecoin is set to witness increased price volatility in the near future. How Much Will Shiba Inu Develop by 2025? Maintaining a value above $0.00001525 could set the stage for SHIB’s price to target $0.000020. If bullish sentiment increases at that time, this could lead to the second largest memecoin preparing to retest the higher price target of $0.000025 in the coming weeks. Conversely, if the bears cross the bulls, this could cause the SHIB price to retest the immediate support level of $0.0000125. Moreover, if pessimism strengthens, the price of the Shiba Inu token may fall to the critical support level of $0.000010.