Shiba Inu (SHIB) was launched in 2020 by an anonymous creator named Ryoshi. As a result of the high gas fees associated with the Ethereum blockchain, SHIB developers have migrated to other blockchains such as Solana and Binance Smart Chain.
According to CoinMarketCap, SHIB’s total supply is 589,735,030,408,323 SHIB. The most popular cryptocurrency exchanges to trade Shiba Inu (SHIB) are Binance, Coinbase, Kucoin, FTX, Gate.io, Kraken, Mexc and others.
SHIBA INU (SHIB) Price Prediction 2022Over the past few months, Shiba Inu (SHIB) price fluctuated between $0.00003198 at the resistance4 level and $0.00001967 at the resistance1 level, 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:
1. Based on the history at that price, Shiba Inu (SHIB) price is expected to breakout at the $0.00001967 resistance1 level. In the event that investors have their way, SHIB could surge higher to the $0.00003178 resistance4 level before reversing due to the formation of a triple top.
2. In case of a reversal at the resistance 1 level, the price of SHIB could further decline up to the support2 level at $0.00000618 until a double bottom is formed. This could lead to a bullish reversal.
In the meantime, our long-term
SHIB price prediction for 2022 is bullish since it might break several psychological resistances. We can expect
SHIB to reach $0.00005 this year.
