Shiba Inu (SHIB) price prediction for this week

SHIB’s uptrend remains intact, putting bulls in charge of price action.

Key support levels: $0.000014

Key resistance levels: $0.000020

1. SHIB looks at key resistance

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

TradingView chart 2. Uptrend that remains stable

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 may quickly reach the key resistance at $0.000020 below.

TradingView Chart 3. The daily RSI is bullish

The daily time frame RSI has been in a nice uptrend since August. In late September, when it reached overbought levels of more than 80 points, sellers pushed SHIB into a corrective move. Since then, the RSI has remained stable 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, be sure to check out our Shibarium News.

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