Here is When Shiba Inu Could Reach $0.00017, $0.00024 and $0.00038

As Shiba Inu (SHIB) enthusiasts anticipate some pivotal price goals, crypto exchange platform Changelly has projected when the token could hit targets such as $0.00017, $0.00024 and $0.00038.

In a report today, Changelly provided a comprehensive overview of Shiba Inu, calling attention to its current price position and the state of crucial technicals. The platform also projected a timeline for when SHIB could hit certain price goals.

Data confirms that Shiba Inu sentiment is mostly favorable, with a massive 71% leaning toward the bullish zone, while 29% is bearish. This bullish sentiment is mostly due to the fact that SHIB has had 70% green days over the past month, gaining in 21 out of 30 days.

Currently trading for $0.00001052, Shiba Inu sits above its 50-day EMA ($0.00000943) and 200-day EMA ($0.00000821). This position suggests bullish momentum for the token in the short and long terms.

The Changelly research team believes Shiba Inu’s upward momentum would persist to the end of the year, suggesting that the crypto token would end the year at a price of $0.0000111 on Dec. 31, marking a 5.6% increase in SHIB’s current value. However, the asset would need to conquer the resistance at $0.00001106 to clinch this target.

When Would Shiba Inu Hit $0.00017, $0.00024 and $0.00038

Changelly asserts that Shiba Inu would continue to witness price growth into the new year, predicting a price of $0.00001151 on Jan. 28, 2024. The team further forecast SHIB to hit the $0.00002 territory in 2025, projecting an average price of $0.00002299 for the year.

Despite looking forward to a sustained uptrend, the Changelly team does not see Shiba Inu deleting another zero until 2029, when the price of the asset is expected to see an average price of $0.0001029. However, they believe SHIB would only clinch $0.00017 a year later, in 2030.

Moreover, the $0.00024 price territory is expected to be the maximum price of Shiba Inu in 2031. Should this projection materialize, it would translate to a 2,181% price appreciation for SHIB in less than eight years. While this appears ambitious due to Shiba Inu’s supply, the possibility exists.

The Changelly team expects SHIB to conquer the $0.0003 psychological threshold in 2032, as part of the sustained upward trajectory. They predict Shiba Inu to reach the lofty price target at $0.00038 in 2032, representing a massive 3,512% rally from the current price.

While these price predictions would appeal to most SHIB enthusiasts due to their bullish undertone, it is important for investors to remain cautious. The unpredictable and volatile nature of the crypto market makes it near impossible to accurately forecast an asset’s direction.