Shiba INU Price Prediction Drops a Hint of Rapid Price Rally in Q4 of 2022

The Crypto market stays in accumulation zone after a recent overall capitalization drop from $1 Trillion. Shiba INU—The second largest Memecoin based on market cap—is developing its ecosystem and working on multiple projects.

Recently Shiba Eternity team announced the worldwide launching date of their game on October 6. Shiba INU is looking forward to entering in Matevers, which increases the figure of people participating. This official announcement will drive the buyers’ attraction to SHIB in the 4th Quarter of 2022.

The official Shiba Eternity worldwide Download Day has been scheduled for October 6th, 2022.
This will allow us to accomplish the following:
📽 Announce the 30 Second Spot Winner on October 1st, 2022.
📖 Release the entire lore of Shiba Eternity on October 1st, 2022.
🧵1/3 pic.twitter.com/NPtEfhDhln
— Shib (@Shibtoken) September 30, 2022

Amid ecosystem development, many big investors keep eye on the price momentum of Shiba INU. Notably, the Shiba INU coin is widely held by the top 1000 ETH-holding addresses. This key factor may drive the Shiba INU price Prediction to August’s highest level of $0.000018 ahead.

🐳 The top 1000 #ETH whales are hodling
$133,680,683 $SHIB
$85,729,954 $BIT
$56,294,393 $UNI
$53,383,743 $LINK
$48,716,406 $MKR
$40,400,960 $LOCUS
$39,950,196 $MANA
$38,496,248 $BTR
Whale leaderboard 👇https://t.co/jFn1zIOq03 pic.twitter.com/L8bzuPoNDu
— WhaleStats (tracking crypto whales) (@WhaleStats) September 26, 2022

Shiba INU Price Prediction displays upcoming rally in price

Shiba INU is staying at $0.0000112 Mark during publishing against the USDT pair. Although price is performing well for a short-term perspective and buyers are going to acquire the dominance in their hands.

The 4-hours price chart is showing support for an advancing structure over the past several days. This high-low formation remains above the upward trend line (yellow). Big whales are watching the resistance, once the price breaks its immediate resistance at $0.00000115, the price will retest the August month high before any pullback.

The SHIB crypto remains near an immediate resistance level, but the bulls also have a key hedge area near the $0.0001010 area. At this point, if the price turns lower, the bears may try to avoid a sell-off. Interestingly, there is a clear upside position for the bulls to drive the bullish trend.

Shiba INU Price Stays Below 20-SMA

The Shiba INU price prediction suggests a rapid bullish rally above the recent bullish hurdle. Also, buyers are struggling at the 20 day moving average. Bullish confirmation will be strong if price sustains above 20-SMA (white).

Conclusion

However, Shiba INU price moves higher above bullish trendline but due to low trading volume buyers continue getting rejection at $0.0000115-resistance. The Shiba INU price prediction indicates a rapid bullish rally after a 20 day moving average breakout.

Support level – $0.000010 and $0.000007

Resistance level – $0.000014 and $0.000018

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing