$SHIB
🚨 Shib Price Targets and Predictions 🚨
Analysts remain optimistic about SHIB’s potential despite these challenges. Charting Guy noted that SHIB breaking above major resistance lines “opens the door for a move back toward the 0.618 Fibonacci retracement zone,” placing the key target above $0.00003.
Market forecasters suggest an aggressive short-term trajectory, with projections indicating SHIB could reach approximately $0.00001795 by April 29, $0.00002416 by April 30, and potentially hit $0.00003039 by May 1 — a near 124% increase from current levels.
The immediate price action around $0.000018 will be crucial in determining whether SHIB can fully capitalize on this setup, experts warn.
Beyond pure technicals, Shiba Inu’s fundamentals are steadily strengthening. The project’s daily burn rate recently soared by over 1,500%, reaching 11.8 million SHIB burned per day. The supply in circulation has decreased significantly — from over 999 trillion tokens initially to around 589 trillion today.
The Shibarium Layer 2 blockchain network continues to gain traction, recently breaking above $1 billion in cumulative transaction volume. Active Shibarium network addresses have climbed steadily, reflecting the expanding utility of the SHIB network.
Looking further ahead, Shiba Inu’s Coincodex price prediction for December 2025 appears promising if the market stabilizes. Analysts forecast SHIB trading between $0.00002837 and $0.00002980 by year-end 2025, suggesting a potential gain of over 106% from current levels.
The broader crypto market appears to be entering a risk-on phase, with the Fear & Greed Index currently reading 61 (“Greed”). This positive sentiment may provide a supportive backdrop for meme coins like SHIB to flourish in the coming weeks.
With technical breakouts, rising momentum, an improving ecosystem, and favorable market sentiment, Shiba Inu appears poised for a move higher. However, maintaining support above the ascending trendline will be crucial to avoid a deeper correction.