- The Shiba Inu price hit $0.000033 after a fairly bullish start to the week.
- SHIB is currently up by over 2%, as buyers look to push the price to $0.000035.
The Shiba Inu price has started the current session on a positive note, with SHIB up by over 2% with buyers in control of the session. SHIB had registered a marginal increase on Saturday before dropping back on Sunday, falling by 2.04%. However, the price recovered on Monday, rising by 1.46%, and pushing to $0.000031. SHIB continued to push higher on Tuesday, rising over 5% and settling at $0.000032 before pushing up to $0.000033 during the current session.
Shiba Inu Price Chart Indicates SHIB Could Push To $0.000035
The Shiba Inu price was quite positive over the previous weekend, as it rose by 2.90% on Saturday and then by over 6% on Sunday to settle at $0.000036. However, the price fell back in the red on Monday, as it dropped by over 10% and settled at $0.000032. On Tuesday, the price recovered, rising by 3.28% and settling at $0.000033, before dropping marginally on Wednesday, falling by 0.50%.
Image: SHIB/USDT daily
The Shiba Inu price continued to drop on Thursday, as it fell by over 3% and settled at $0.000032. Friday saw SHIB drop further, as it registered a fall of almost 5% and settled at $0.000031. The price recovered on Saturday, rising by 0.83%, before dropping back in the red on Sunday, falling by just over 2% and settling at $0.000030. SHIB started the current week on a positive note, rising by 1.46% on Monday and then pushing up by over 5% on Tuesday and rising to $0.000032. The current session sees buyers still in control, looking to push SHIB to $0.000035.
We can see that the Parabolic SAR is currently bearish. However, if SHIB is able to move past the 20-day SMA, we could see it flip to bullish.
IntoTheBlock’s IOMAP for the Shiba Inu price shows us that SHIB faces strong resistance at around $0.000034. At this price level, over 10,000 addresses have sold more than 41,700 billion SHIB.
The 4-hour Shiba Inu price chart shows us that SHIB had pushed above the 20-bar SMA on the 16th when it rose to $0.000034. The price fell drastically from this level, slipping back below the 20-bar SMA and settling at $0.000031 on the 18th. SHIB rose to $0.000032 from this level before turning bearish and falling back significantly, dropping down to $0.000028 on the 20th. SHIB surged from this level, moving above the 20-bar SMA and then rising to move past the 50-bar SMA on the 21st before moving to its current level of $0.000033.
We can see that the MACD and Parabolic SAR are both currently bullish, indicating that we could see the price push higher.
Image: SHIB/USDT 4-hour
Shiba Inu Price Is Expected To Reach These Levels
Looking at the Shiba Inu price chart, we see that SHIB has been quite bullish during the current week. If the current sentiment persists, we could see SHIB push to $0.000035.