Shiba Inu (SHIB) was created by an anonymous creator Ryoshi and launched in 2020. SHIB developers have migrated from Ethereum blockchains due to gas fees, choosing other blockchains such as Solana and Binance Smart Chain instead.
CoinMarketCap reports that Shiba Inu has a total supply of 589,735,030,408,323 SHIB. Binance, Coinbase, Kucoin, FTX, Gate.io, Kraken, Mexc are some of the top cryptocurrency exchanges for trading Shiba Inu (SHIB).
SHIBA INU (SHIB) Price Prediction 2022
Shiba Inu coin (SHIB) ranging between $0.00003198 at the resistance4 level and $0.00001967 at the resistance1 level in the recent past, and then touched $0.00000618 support2 level and $0.00000949 support1 level.
Irrespective of this sideways movement in the price of SHIB, we can deduce the following:
- SHIB coin’s price is expected to breakout at the $0.00001967 resistance1 level, based on the history at that price. In the event that investors get their way, it could surge into the $0.00003178 resistance4 level before reversing, due to the formation of a triple top.
- Resistance1 level reverse will lead to a further decline in the price of SHIB to the support2 level at $0.00000618 until a double bottom is formed. This could lead to a bullish reversal.
Nevertheless, we predict a bullish SHIB price prediction for 2022 as psychological barriers may be broken. We can expect SHIB to reach $0.00005 this year.
