Here’s the Timeline for Shiba Inu Price to Hit $0.00002 & $0.00003 as SHIB/DOGE Signals Bottom

The SHIB/DOGE ratio has formed a local bottom, suggesting that Shiba Inu price may be poised for significant gains if history rhymes. If a rally ensues, the next price targets for SHIB will be $0.0002 and $0.00003. Hitting these targets will pave the way for an all-time high price. However, how long would it take for Shiba Inu to achieve to reach $0.00002 and $0.00003?

SHIB/DOGE Ratio Signals Bottom Formation

The SHIB/DOGE ratio has plummeted significantly and recently reached 0.0000621. After falling to this two-month low, SHIB/DOGE quickly rebounded to 0.0000640 at press time. This bounce suggests that the ratio may have bottomed, giving Shiba Inu price room to recover.

As seen in the above chart, the first target for this ratio is 0.0000706. Once it reaches this price, SHIB will aim for the 2025 high of 0.0000815. However, for this bullish thesis to hold, Shiba Inu needs to emerge as the top-performing meme coin and post bigger gains compared to Dogecoin. This is not an unlikely scenario considering that in the past, SHIB has outperformed Dogecoin.

For instance, in 2021, Shiba Inu briefly dethroned Dogecoin and emerged as the largest meme coin after a massive price rally. In early 2024, the SHIB/DOGE ratio also reached a multi-year high of $0.0002 after Shiba Inu consistently outperformed DOGE. With the ratio signalling a local bottom, the price of Shiba Inu may record massive gains soon.

Timelines for Shiba Inu Price to Reach $0.00002 or $0.000030

The daily Shiba Inu price chart shows two key Fibonacci levels that this meme coin will target in case it enters an uptrend. These levels are the 161.8% Fib level of $0.000022 and the 261.8% Fib level of $0.0000295.

Shiba Inu can reach $0.0002 before the end of June 2025, considering the bullish conditions that are currently in play across the broader crypto market. With Bitcoin sitting at all-time highs, SHIB, like most meme coins, is likely to track the king coin, and this will aid an upward trend.

If SHIB’s price crosses above $0.00002, it would take the meme coin a few weeks to get to $0.000030. As historical data shows, flipping the $0.000020 level has always stirred a strong uptrend for the Shiba Inu price. In late 2024, after SHIB crossed $0.000020, it took less than two weeks for Shiba Inu to reach $0.000030. The Shiba Inu price prediction forecasts that this target may be achieved between June and July 2025.

Catalysts That Could Fuel Shiba Inu Rally to $0.00002 and $0.00003

A Shiba Inu price rally to $0.00002 and $0.00003 will likely happen if the Shibarium layer two network achieves significant growth. As Coingape reported, Shibarium’s TVL growth will be the catalyst that pushes SHIB to not only $0.00003 but also allows the meme token to erase a zero and reach $0.0001.

The second catalyst that could aid SHIB’s recovery is a high SHIB burn rate. In 2021, SHIB skyrocketed and even outperformed Dogecon due to a high burn rate. At press time, SHIB’s burn rate had soared by 12,000%, and as more tokens are taken out of circulation, Shiba Inu price will rally higher.

Meanwhile, the SHIB community is hopeful that asset managers may also file for a spot Shiba Inu ETF. However, achieving this may take longer than anticipated, considering the lack of a solid regulatory framework around meme coins. However, if the SEC greenlights a Dogecoin ETF, a SHIB ETF filing may follow.

To sum up, Shiba Inu price may be on the verge of notable gains as the SHIB/DOGE ratio signals a bottom formation. If this meme coin bounces from its current price, it is likely to reach $0.00002 and $0.000030 targets soon.