SHIB/USD Touches New High at $0.0000151

The Shiba Inu price prediction as SHIB kicked off its rally with a break above the key resistance level of $0.0000130.

Shiba Inu Prediction Statistics Data:

• SHIB price now: is $0.0000130
• SHIB market cap: $7.24 billion
• SHIB circulating supply: 549 billion
• SHIB total supply: 589.73 billion
• Shiba Inu Coinmarketcap ranking: #13

SHIB/USD Market

Key Levels:

Resistance levels: $0.000017, $0.000019, $0.000021

Support levels: $0.000010, $0.000008, $0.000006

A few days ago, SHIB/USD had a significant boost that allowed the coin to exceed the $0.0000151 level, this momentum extending considerably as crypto continues to climb higher today. The current performance of the coin indicates the addition of an upward movement ago. It’s just a matter of time for this coin to reach a $0.0000160 level in the nearest term.

Shiba Inu Price Prediction: What to Expect from Shiba Inu

In the last few days, Shiba Inu has moved from $0.0000109 to $0.0000150 and at the same time moving toward the upper boundary of the channel. The ongoing trend may move a little bit higher before entering into the new week, and the coin may likely reach the nearest resistance at $0.0000140, if the bulls put in more effort, it could hit additional resistance levels at $0.000017, $0.000019, and $0.000021 respectively.

In other words, any bearish drop may roll the market back below the 9-day and 21-day moving averages and could hit the initial support level of $0.000012. Meanwhile, other support levels could be located at $0.000010, $0.000008, and $0.000006. Therefore, as the trading volume increases, the technical indicator Relative Strength Index (14) is crossing into the overbought region, this could supply more bullish signals to the market.

Against Bitcoin, Shiba Inu is heading towards the upper boundary of the channel as the coin hovers above the 9-day and 21-day moving averages. The price is changing hands at $0.0000131 while the technical indicator Relative Strength Index (14) moves below the 70-level. However, the daily chart reveals that the buyers continue to dominate the market as the coin seems to break above the channel.

Positively, the resistance level to be reached is located at 0.000015 SAT and above. Conversely, a lower sustainable move may likely cancel the bullish pattern, and it could attract new sellers to the market with the next focus on 0.000011 SAT and below.

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