Is SHIB Prepared for a Strong Upside Price Rally?
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The SHIB price prediction spikes above the upper boundary of the channel as the coin touches $0.0000179

SHIB Prediction Statistics Data:

  • SHIB price now – $0.0000166
  • SHIB market cap – $9.3 million
  • SHIB circulating supply – 549 billion
  • SHIB total supply – 589 trillion
  • SHIB Coinmarketcap ranking – #12


Key Levels:

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Resistance levels: $0.000020, $0.000022, $0.000024

Support levels: $0.000010, $0.000008, $0.000006

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SHIBUSD – Daily Chart

SHIB/USD is breaking to the positive side as the coin keeps posting gains of over 31% in the last 24 hours, trading above the 9-day and 21-day moving averages at the resistance level of $0.000166.

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SHIB Price Prediction: SHIB Price Shoots to the Upside

The SHIB price is heading to the upside as the coin crosses above the upper boundary of the channel to touch the daily high at $0.000179. However, if the market continues the upward movement, the $0.000180 resistance level is likely to surface. Nevertheless, SHIB/USD may further look for higher price levels if the bulls continue to show commitment.

At the time of writing, the market is displaying a sign of subduing volatility within the channel. On the other hand, if the SHIB price retreats below the moving averages, the price may likely locate the supports at $0.000010, $0.000008, and $0.000006. In addition, as the Relative Strength Index (14) moves into the overbought region, the next resistance levels could be found at $0.000020, $0.000022, and $0.000024 respectively.

Against Bitcoin, SHIB is rising, the coin recently spikes above the upper boundary of the channel, as it continues to rise towards the nearest resistance level of 80 SAT. More so, crossing above the channel could hit the resistance level at 85 SAT and above.

SHIBBTC – Daily Chart

In other words, any bearish movement by the bears to send the coin below the 9-day and 21-day moving averages may locate the support level at 45 SAT and below. Meanwhile, the technical indicator confirms the bullish movement as the coin could gain more bullish signals.

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