Shiba Inu (SHIB) Price Prediction for This Week

SHIB’s uptrend remains intact which puts bulls in charge of the price action.

Key Support levels: $0.000014

Key Resistance levels: $0.000020

1. SHIB Eyes the Key Resistance

Buyers have been slowly moving SHIB higher and higher after the sharp pullback in early October. They did not yet reach the key resistance at $0.000020, but this is their current target. While the price was rejected there last time, a second attempt could be interpreted as bullish.

Chart by TradingView

2. Uptrend Holding Steady

The price has been making higher lows since mid-September and formed a clear uptrend. As long as this holds, buyers have the upper hand. Another push and the price can quickly reach the key resistance at $0.000020 next.

Chart by TradingView

3. Daily RSI is Bullish

The daily timeframe RSI has been in a beautiful uptrend since August. In late September, when it reached overbought levels at over 80 points, sellers pushed SHIB into a corrective move. Since then, the RSI has held steady above 50 points, putting it on the bullish side. This supports higher price levels in the future.

Chart by TradingView

For more updates on the ecosystem, make sure to check out our Shibarium news.