Shiba Inu Price Prediction: SHIB’s $0.002 Could Stall As Crypto Whales Focus on This Newcomer Under $0.0003

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Being the second biggest meme coin, SHIB has always been in the spotlight, and after the recent breakout, the Shiba Inu price prediction is getting hot. 

Since the breakout on July 9th, SHIB surged over 30% to reach a crucial resistance of $0.000016. However, it has faced extreme supply from this level, driving the price 20% lower to $0.000013 levels.

Image Courtesy: TradingView

Despite showing positive developments after expanding to the Base blockchain, Shiba Inu has failed to break out of the long-term correction. According to Shibburn, the burn rate surged by 374,629.7% on Wednesday, with a single transaction burning 600.7 million SHIB tokens worth $8,300. Data from IntoTheBlock also showed that Shiba Inu’s daily active addresses jumped by 12.9% in the same period.

Shiba Inu has amassed a huge following by riding retail mania and occasionally receiving celebrity endorsements. As a top memecoin, SHIB experienced monumental pumps on past bull cycles, but long-term holders wonder if it can be maintained. Despite unveiling Shibarium, its Layer-2 scaling solution, Shiba Inu has not been able to deliver the expected returns. 

Since the next boom will happen in 2025, SHIB owners are questioning whether the coin has the potential to achieve another 100x movement or if investors should invest in the next internet favourite meme coin, which matches the youth’s energy.

SHIB Holders Are Selling Fast: What is Shiba Inu Price Prediction?

In the past few days, the SHIB price has been dropping as investors continue selling. According to the data from CoinMarketCap, Shiba Inu has lost over a billion dollars in its market cap. 

Additionally, Shiba Inu price action over the last few days has left investors skeptical about its future. It has plunged by over 10% in the last three days. Technical indicators like the Stoch RSI (14) and Average Directional Index (14) show that bears are in control. 

Shiba Inu price predictionImage Courtesy: TradingView

The daily SHIB chart shows that bears are dominating with price loosely ranging between $0.00001280 (support) and $0.00001320 (resistance). Despite quickly recovering from the low of $0.00001230, buyers are still struggling to regain momentum, showing supply at the upper boundary.

Shiba Inu is currently in a correction phase, with price movement acting bearish. This lower low and lower high pattern reflects a lack of conviction from both buyers, indicating a potential breakdown could be nearing.

Reaching the Shiba Inu price prediction of $0.00002 in the near term seems quite complicated. Whether it will sustain its current price and strengthen its position in the crypto market by flashing bullish signals will be decided only by a breakout to the upside. Hence, investors are shifting focus to a new competitor in the crypto space: Maxi Doge ($MAXI).

Maxi Doge ($MAXI) Presale Becomes an Instant Hit, Demand Skyrockets

While the Shiba Inu price prediction disappoints investors, capital is rotating to a new star – Maxi Doge ($MAXI). This project has just launched its presale and is already gaining massive traction from both retail and institutional investors, raising over $100k within hours on day 1. 

Maxi Doge is taking the meme coin world to another level with a raw 1000x energy and meme-driven camaraderie. This token is all about the vibe and “to the moon” sentiments – no red candle, so no need to set a stop loss. 

With massive community support, Maxi Doge is one of a kind crypto that is not here with utility bullshit but portrays itself as a powerful statement, a disruptive movement, and a radical rebellion wrapped in the unmistakable humor of a “240-ib body-building DOGE.”

Maxi Doge aims to bring massive returns to retail investors, a level of return previously reserved for institutions. Investors are supporting this mission with heightened attention toward the $MAXI presale, which is both timely and well-deserved.

Trading at just $0.00025, the token is providing a highly discounted entry to investors. To buy $MAXI, simply head to the Maxi Doge website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to invest.

By Pradeep Chandravanshi

Pradeep is a crypto enthusiast and fintech journalist with over six years of hands-on experience in the cryptocurrency space. He’s written more than 4,000 articles, blending technical know-how with market insight to break down complex topics in a way that’s easy to follow. With a strong focus on both analysis and industry trends, Pradeep’s work aims to keep readers informed, engaged, and ahead of the curve in the fast-moving world of digital finance.