Shiba Inu (SHIB) has struggled to gain momentum over the last few weeks. The asset has faced significant resistance at around $0.000025. SHIB’s price has fallen 2.6% in the daily chart and 3% in the 14-day chart. Nonetheless, the asset has rallied by over 11% in the weekly charts and nearly 4% over the previous month. Furthermore, SHIB has maintained its growth from last year, rallying over 177% since May 2023.
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Despite its recent lackluster performance, the popular dog-themed crypto might flip the tide soon.
Shiba Inu (SHIB) price prediction for May-end 2024
According to CoinCodex, SHIB could surge to $0.00003551 on May 31, 2024. Reaching $0.00003551 from current levels would translate to a growth of about 47.4%. Moreover, the platform anticipates SHIB to continue its rally well into June 2024, surpassing the $0.00008 level by June 17.
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Changelly also paints a similar image for Shiba Inu (SHIB) over the next few weeks. The platform predicts SHIB to hit $0.00003769 on May 31, 2024. Hitting $0.00003769 from current levels would translate to a growth of about 56.4%. The platform also anticipates SHIB’s price to continue its rally in June, surpassing the $0.00008 level by June 18.
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However, there is also the possibility that Shiba Inu (SHIB) will consolidate at current levels. Despite positive predictions, the asset has struggled to meet expectations over the last month. While SHIB is one of the most popular crypto assets in the market, the dog-themed crypto seems to have lost some of its spark since March 2024. However, fans and investors are hopeful that SHIB will turn things around very soon.
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