When Will Shiba Inu Reach $1?

The $1 mark is dreamt by almost all Shiba investors and almost everyone has this question that when, if ever will shib reach $1.

In this article today, we will try to answer this question along with the current price analysis and news roundup.

Table of Contents

Shiba Inu Price Prediction

SHIB has been holding steady in a narrow range between $0.000008 and $0.00001 for the past week, despite the volatility in the broader crypto market. Shib is having support at the 50-day moving average (MA) and resistance at the 20-day MA.

Let’s have a look at the chart below for price action analysis:

The price is consolidating inside the descending triangle. We have to wait for a successful breakout or breakdown.

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The coin is also trading above the 200-day MA, which indicates a long-term bullish trend. The relative strength index (RSI) is hovering around the 50 level. The MACD histogram is slightly positive, indicating some bullish momentum.

Will SHIB Ever Reach $1?

One of the most common questions among SHIB investors is if the coin will ever reach $1 , which would imply a market cap of nearly $1 quadrillion, or more than the combined value of all the world’s assets. The answer, unfortunately, is very unlikely.

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SHIB would need to increase by more than 11 million percent to reach $1. Even if SHIBA Inu started growing at same rate as Bitcoin did in its first decade, it would still take more than 100 years to reach $1 .

Therefore, a more realistic target for SHIB investors is to aim for smaller milestones, such as $0.00001 , $0.0001 , or $0.001 in the near future.

Weekly Price Analysis

SHIB has been showing a strong recovery from its 2024 low of $0.00000827 , which it reached on January 18. The coin bounced back by more than 20% in the following days, reaching a high of $0.00001007 on January 21.

The coin has since consolidated in a symmetrical triangle pattern, which could indicate a continuation of the uptrend or a reversal of the downtrend.

Resistance level – $0.000011

Support level – $0.000007 .