Price Analysis

Shiba INU Price Prediction, Will SHIB Price Make it Above $0.000014 This Week?

Author: Sahana Vibhute

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A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Highlights
  • Shiba INU price appears to have withstood the bearish pressure and soon gearing up to undergo a significant upswing soon

  • As the price holds the lower support firmly, an extended accumulation at these levels is speculated to be bullish

The Shiba INU bulls seem to have given tough competition to the bears as the price regains the crucial support levels. In an upcoming couple of days, the SHIB price is expected to leap long as the bears are slowly losing their strength. Therefore, with a slight upward push, the prices could regain their September highs. 

The popular meme coin in the short term as well as in the long term is trying hard to break above the Moving Average (MA)- 50 barriers after a positive rebound from the recent lows. While the bulls are utilizing all their resources to break through this barrier, but have not yet registered a successful breach. 

Presently, the investors are expected to enter and uplift the price past the crucial 50-day MA at $0.0000125. Further, the asset may face the next hindrance at $0.0000134, where-in a minor pullback may make its way out. However, if the asset withstands the bearish pressure here, it may eventually head towards $0.000018, slicing through the resistance at around $0.000015. 

On the other hand, the RSI in the short term is bearish but in the HTF is hovering along the middle ranges, intending to spike high. In such a case, the SHIB price may gain momentum to rise high. While the MACD is also closer to flashing a bullish signal which may offer enough strength for the asset to propel high. 

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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