Shiba Inu price has been gaining momentum, fuelling speculation about whether it can hit the highly anticipated $0.001 mark in the next 45 days. SHIB has staged an impressive 7% gain today, March 12, 2025, and trades at $0.0000124. With rising prices and the broader crypto market trend shifting positive, can SHIB price rebound and possibly target $0.001 in the next 45 days?
Is $0.001 Possible for Shiba Inu Price in the Next 45 Days?
Shiba Inu price could be on the verge of a major rebound as macro factors flip bullish. US inflation fell to 2.8%, which is lower than market expectations, fuelling speculations of a possible interest rate cut during next week’s FOMC meeting.
If the Federal Reserve trims rates from the current range of between 4.25% and 4.50%, it could drive a parabolic rally for Shiba Inu price in the next 45 days, and possibly lead to a rally towards $0.001.
A rapid surge in the SHIB burn rate could also drive such a parabolic rally. However, at press time, the burn rate was down 65%, indicative of fewer tokens being removed from the circulating supply.
However, as Shibarium approaches a crucial milestone, this burn rate could surge significantly and lower the total supply, leading to a significant upswing for Shiba Inu price.
Social metrics platform LunarCrush has also noted that meme tokens such as Shiba Inu have seen a significant increase in social mentions. Per the platform, SHIB mentions rose by 4,300, indicating that the market interest is rising, which may help fuel a parabolic price rally.
Mapping SHIB’s Path to $0.001
Shiba Inu price faces key technical barriers on its path to $0.001, with its massive 587 trillion token supply making such a rally highly challenging. If SHIB were to hit this target, it would surpass Ethereum in market cap, becoming the largest altcoin. However, institutional interest remains low, and no SHIB ETF filings. This limits the potential for widespread adoption.
Additionally, current market conditions suggest Shiba Inu price is unlikely to reach $0.001 within the next 45 days. The weekly RSI sits at 37, signaling bearish momentum and oversold conditions. With buying pressure lacking, SHIB faces significant hurdles in achieving sustained gains beyond $0.001.
However, the on-balance volume (OBV) indicator shows a bullish divergence as it remains elevated despite the price drop. This suggests that panic selling is behind the price decline rather than a bearish shift in the market sentiment. This makes it likely for the Shiba Inu price to rally.
Even if buying pressure resumes, a more realistic target for a Shiba Inu price prediction in the next 45 days is the 476.4% Fibonacci level of $0.00039.
To sum up, a Shiba Inu price rally to $0.001 in the next 45 days is unrealistic. However, if the SHIB burn rate were to suddenly increase and institutions show interest in a SHIB ETF, such gains could happen.
Frequently Asked Questions (FAQs)
$0.001 is not a realistic price target for Shiba Inu price in the next 45 days. However, if there is a massive surge in demand, SHIB could rally to $0.0003.
Shiba Inu’s weekly RSI shows sellers are in control. However, a surge in social mentions hints at a possible rise in demand.
SHIB is the second-largest meme coin after Dogecoin. Given that institutions have expressed interest in a spot DOGE ETF, a spot SHIB ETF might be launched soon.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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