How far can it go this week?

Meme coins are back in fashion and SHIB is no exception.

Key support levels: $0.000014

Key resistance levels: $0.000020

1. SHIB turns bullish

The pullback appears to be over and SHIB started the week with buyers ready to add to it. If this bullish momentum continues, the key resistance at $0.000020 could be tested in the coming days. At the end of September, the sellers stopped the price there, but a second attempt could be successful.

TradingView Chart 2. A Next Higher High?

With a higher low confirmed, SHIB is now well on its way to attempting a higher high. Price will need to turn $0.000020 into support to make this possible. At the time of this post, buyers still seem a little shy, but that could change in the coming days.

TradingView Chart 3. Major bullish signal on MACD

The weekly MACD turned bullish in early October and this momentum has only intensified since then. This supports a bullish bias with the expectation that the current resistance will be retested soon. Based on this indicator, price levels are likely to be higher.

Chart by TradingView

For more updates on the ecosystem, be sure to check out our Shibarium News.

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