Shiba

Resistance

Shiba Inu

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Shiba Inu price is trading above the key moving averages showcasing bullishness.</a> </li> 
 <li> <span>2</span> <a>Shiba Inu price forecast suggests a bullish rally is likely in the upcoming days.</a> </li> 
 <li> <span>3</span> <a>The bulls were aggressive in the last trading few sessions, overpowering the bears.</a> </li> 
</ul> 
<p>Shiba Inu price forecast demonstrates the bullish momentum in the price. The SHIB price already broke above the key moving averages showcasing bullishness on the daily chart.</p> 
<p>Shiba Inu crypto experienced an increase of 9.04% in a week and an incline of 3.78% over a month. In the past three months, SHIB crypto was up about 16.49%, while it has grown around 15.40% over the last six months. Furthermore, the crypto’s performance throughout the year has been not good, with a year-to-date slump of approximately 4.35%.<br><br>At press time, the Shiba Inu price was trading at $0.00000988, with an intraday gain of 1.23%, showing bullishness on the charts. Additionally, the 24-hour trading volume is 200.33 Million. The market cap stood at $5.83 Billion. Moreover, the technicals on TradingView are giving a bullish signal. The majority of the indicators are signaling the bullishness in the price.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-shiba-inu-crypto-price-in-1-d-timeframe-strong"><strong>Technical Analysis of Shiba Inu Crypto Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="429" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-257-1024x429.png" alt="Shiba Inu Price Forecast: SHIB Price Turn Bullish; What Next?" class="wp-image-193085" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-257-1024x429.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-257-300x126.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-257-768x322.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-257-750x314.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-257-1140x478.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-257.png 1281w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/" target="_blank" rel="noreferrer noopener">Shiba Inu.1D</a>.USD by TradingView
  </figcaption>
 </figure>
</div> 
<p>Shiba Inu ( USD: SHIB) has seen its crypto price rise steadily for the past three months, gaining 16%. At the time of writing, SHIB crypto is trading with bullish momentum, heading towards the upper resistance band.<br><br>If it can sustain these levels, the SHIB price could continue to go up and reach the first and second targets of $0.00001100 and $0.00001194. However, if the SHIB price cannot sustain this level and falls, then it might hit the nearest support levels of $0.000000939 and $0.00000904.</p> 
<p>At the time of writing, <a href="https://www.thecoinrepublic.com/2024/02/14/shib-price-prediction-shib-gains-momentum-readying-for-bounce/" target="_blank" rel="noreferrer noopener">Shiba Inu crypto </a>(USD: SHIB) is trading below the 50 and 200-Day exponential moving averages (EMAs), which are supporting the bullish price trend.<br><br>The current value of RSI is 63.34 points. The 14 SMA is above the median line at 51.07 points which signals that the SHIB crypto is bullish.</p> 
<p>The MACD line at 0.00000009 and the signal line at -0.00000003 are above the zero line. A bullish crossover is observed in the MACD indicator which signals more bullishness for the SHIB crypto price.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Shiba Inu (USD: SHIB) technical oscillators and indicators indicate a bullish momentum. The MACD, RSI, and EMAs are giving bullish signals and suggest that the positive trend may continue in the SHIB price in the coming sessions. The crypto is up 9.04% through the week and 3.78% over the month.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $0.000000939 and $0.00000904</p> 
<p>Resistance Levels: $0.00001100 and $0.00001194</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

Shiba Inu Price Forecast: SHIB Price Turn Bullish; What Next?

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