Price Prediction for Shiba Inu in 2025: How High Will the Price of $SHIB Rise?

As April is coming to a positive close, the crypto market experienced a correction of about 1% on the last day. With this, top tokens like Bitcoin, Ethereum, XRP, and Dogecoin have returned to their important support levels. On the other hand, the price of Shiba Inu has recorded a significant correction today, losing more than 4% of its valuation. Subsequently, the monthly profit of the SHIB memecoin has been cut down to 5.84%, leading to a slight panic in the crypto market community. Are you one of the many SHIB memecoin investors or planning to expand your portfolio by adding this coin to your wallet? In this article, we will provide you with the technical aspects and potential monthly price predictions for SHIB. So, fasten your seatbelt and scroll to the end to find out what will happen next with Shiba Inu! Factors Affecting the Price of SHIB Memecoin Although it is the second largest memecoin in the crypto market, the price of the SHIB token is greatly influenced by many direct and indirect factors. Some of them are listed below. Dogecoin price action ($DOGE): The price of Shiba Inu is greatly influenced by the price action of Dogecoin, the leading coin in the memecoin segment. Whether it's a dump or a pump, SHIB crypto always follows in the footsteps of DOGE memecoin. New competition: With more new meme coins joining the crypto market daily with unique technology and applications, Shiba Inu is facing a high risk of losing value and position in the long-term forecast. Bitcoin: Not only the SHIB coin, but the entire crypto market community is worried when it comes to the price of Bitcoin. With a dominance of 63.79%, the BTC token serves as the backbone of the crypto industry. Cross-border market: uncertain market conditions can impact the market on a large scale. Moreover, such situations often harm the memecoin market. Unfavorable political reforms such as Trump's trade wars or disputes between two countries can become negative for the crypto community. After considering the internal and external factors of the global crypto market, let's explore the price prediction for Shiba Inu for next month, which is May 2025! Shiba Inu Memecoin Will Break Through the Important Resistance Level of $0.000015 In the context of increasing instability in the crypto market, the price of SHIB has undergone a correction of more than 4% in 24 hours with a trading volume of 179.48 million dollars. Furthermore, with a market capitalization of 7.68 billion dollars and a listing value of 0.00001296 dollars, the second largest memecoin has successfully defended its position as the 17th in the crypto market.

The simple moving average (SMA) has shown a bullish convergence in the daily timeframe, indicating increasing buying-selling pressure. However, the price has recorded a downtrend, highlighting mixed sentiment in the market. On the other hand, the Relative Strength Index (RSI) has failed to break through the overbought range in the SHIB price chart. This has led it to experience a sharp decline towards the neutral point. Furthermore, the average trend line is undergoing a negative convergence, implying an increase in volatility for the memecoin in the crypto market. Will SHIB Stock Price Increase Again? Assuming the bulls reclaim the $0.00001335 level, this could lead the price of the meme coin SHIB to retest the highest price of $0.0000160. Maintaining an upward price action could push it towards the target of $0.0000190 in the near future. On the contrary, if the bears prevail over the bulls, the price of Shiba Inu may test the immediate support level of $0.00001250. Furthermore, if bearish sentiment intensifies, the price of the second-largest memecoin could drop to the important low of $0.00001050.