Market-wide selloff sees Shiba Inu (SHIB) price hold crucial support, with bulls counter-attacking

Market-wide selloff sees Shiba Inu (SHIB) price hold crucial support, with bulls counter-attacking

Shiba Inu (SHIB), the popular meme cryptocurrency, is currently experiencing a surge in trading volumes and a positive shift in market sentiment. Here's a breakdown of the current situation and future price predictions for SHIB.

Short-Term Price Forecast (2025)

Technical indicators suggest a potential rise for SHIB, with a breakout from a descending wedge pattern and supportive momentum indicators like RSI and MACD. The short-term price forecast for SHIB indicates a potential rise to around $0.0000145 to $0.00005 by late 2025 [3][4][5]. Trading volumes are moderately positive, with a Fear & Greed Index at 67, indicating some bullish optimism [4].

Mid-Term Outlook (2028-2033)

Forecasts for the mid-term outlook anticipate SHIB could reach around $0.000308 by 2028 to 2033, given network growth, increased adoption, and bullish sentiment [1].

Long-Term Projections (2036-2050)

Long-term price predictions for SHIB are more ambitious, with some forecasts suggesting SHIB could reach approximately $0.00409 by 2036 to 2040, reflecting significant appreciation but requiring sustained network adoption and bullish macro trends [1]. Further ahead, between 2040 and 2050, SHIB could potentially scale between $0.0036 and $0.02, if it integrates broadly into the financial ecosystem with improved scalability, security, and regulatory acceptance [2].

These long-term price predictions hinge on factors including broader crypto market conditions, adoption of Shiba Inu's ecosystem (such as Shibarium scaling solutions), reduced token supply via burning programs, and improved fundamentals [1][2][5].

Current Market Situation

Futures trading volume for SHIB jumped 25%, and the current trading volume stands at $203.59M with a market cap of $7.05B [6]. The long-short ratio for SHIB's futures trading trended positive, pointing to growing expectations of an imminent upturn in profits [6].

On Tuesday, August 5, the Shiba Inu price found reliable support at $0.000012, and the Relative Strength Index (RSI) for SHIB is currently at 45.61, recovering from oversold levels [6]. Sustained buying volume and an RSI breach above 50 could reignite a bullish SHIB price momentum [6].

The 5-day SMA for SHIB is at $0.00001212, the 8-day SMA at $0.00001238 has flipped below the 13-day SMA at $0.00001294, indicating the emergence of bearish pressure [6]. However, if SHIB holds above the $0.000012 support, it could target a retest of $0.00001300 [6].

Other Developments

Solaxy (SOLX), a layer-2 solution on the Solana blockchain, is gaining traction among SHIB investors as a diversification option [7]. Solaxy's mainnet launch is imminent, alongside Tier-1 CEX listings and staking yields of up to 70% APY [7].

In conclusion, the current market trend for SHIB still hangs in the balance, with the close clustering of averages suggesting potential for both bullish and bearish outcomes. Confirmation of a lower low and RSI breaking below 39 again would invalidate the bullish thesis [6].

| Term | Price Forecast Range | Key Influences | |--------------|--------------------------------|----------------------------------------------| | Short-term (2025) | ~$0.0000145 to $0.00005 | Technical breakout, rising momentum, bullish RSI/MACD, moderate volume | | Mid-term (2028-2033) | Around $0.000308 | Network growth, increased adoption, bullish sentiment | | Long-term (2036-2050) | $0.0036 to $0.02+ | Integration into mainstream finance, scalability, regulation, supply reduction |

These price forecasts reflect a mixture of technical analysis, fundamental factors, and market sentiment, with notable uncertainties inherent in highly speculative meme tokens like SHIB [1][2][3][4][5].

Investors could potentially consider investing in Shiba Inu (SHIB) based on the short-term and mid-term price predictions. The short-term price forecast Indicates a potential rise to around $0.0000145 to $0.00005 by late 2025, and forecasts for the mid-term outlook anticipate SHIB could reach around $0.000308 by 2028 to 2033. However, one should note that the long-term price predictions for SHIB require sustained network adoption and bullish macro trends for the token to integrate broadly into the financial ecosystem with improved scalability, security, and regulatory acceptance, and reach as high as $0.02 by 2050.

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