- SHIB drops 9.2% in 24 hours as selling pressure intensifies.
- Short-term forecasts show potential 70% rebound despite bearish long-term outlook.
- Technical predictions split between 5-day gains and monthly losses.
Shiba Inu (SHIB) continues to decline as the well-liked meme crypto fell 9.2% over the previous 24 hours. This is only a segment of a broader collapse that saw a 14.7% loss over the previous week. This consistent bearishness has led everyone to wonder if SHIB will continue to hold onto important support at the $0.00001 level.
Based on statistics from Coincodex, SHIB is expected to drop by around 2.19% in the next month. It may likely hit $0.00001268 by April 28, 2025. This long-term prediction matches prevailing market mood, which technical analysis categorizes as “Bearish” on a Fear & Greed Index score of 26, squarely in the “Fear” category.
Shiba Inu short-term forecasts are favorable
Despite the negative monthly outlook, short-term predictions offer a more optimistic perspective. The 5-day forecast suggests SHIB could reach $0.00002547.
The following week’s price targets for each day have a strange pattern. The models project the price targets moving lower and lower each day to $0.00001593 on April 10 (51.46% return on investment), $0.00001412 on April 11 (34.22% return on investment), and drop even further to $0.00001228 on April 13 (16.76% return on investment).
30-day performance of the cryptocurrency indicates SHIB experienced 15 good days out of the last 30. It’s an even 50% split, indicating that the token didn’t establish any clear trend.
For investors with a longer time horizon, SHIB’s performance in the past year presents a bleak picture, with the token down 63.3% from its price 12 months ago. Monthly prediction statistics provide further insights into what may occur with SHIB in the future.
In March 2025, the meme token ranged as low as $0.00001211 and as high as $0.00002886, with an average of $0.00001548. April predictions provide a tighter and lower trading range with an expected lowest price of $0.00001089, a high of $0.00001277, and an average of $0.00001195.
As SHIB approaches the crucial support level of $0.00001, market participants will be closely observing for indications that buyers are willing to buy, which may assist in maintaining the price stable.
