Shiba Inu Price Prediction: SHIB Looking To Push Above $0.000025

Daily Shiba Inu SHIB Technical Analysis

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Last Updated February 28th 2022
3 Min Read
  • The Shiba Inu price is marginally up during the ongoing session, as buyers look to push the price higher. 
  • SHIB has been relatively bearish in recent sessions and had dropped to $0.000023 on Thursday. 

The Shiba Inu price is marginally up during the ongoing session, as buyers and sellers look to take control of the market. SHIB had registered a marginal drop on Wednesday before falling by over 4% on Thursday after a highly volatile session, falling to $0.000023. The price recovered on Friday, pushing up by over 4% and moving to $0.000024, before dropping back on Saturday, falling by 1.77% to $0.000024. 

Shiba Inu Price Chart Indicates Buyers And Sellers Looking To Establish Control 

The Shiba Inu price was quite bearish over the previous weekend, starting with a marginal drop on Friday. SHIB remained in the red over the weekend, falling over 2% on Saturday and then slipping below all three SMAs on Sunday, dropping over 7% and ending the weekend at $0.000025. Monday saw SHIB remain in the red, falling by nearly 6% and settling at $0.000024. Despite the bearish sentiment, SHIB recovered on Tuesday, pushing up by nearly 4%.

Image: SHIB/USDT daily

Image: SHIB/USDT daily chart 022822

The Shiba Inu price fell back in the red on Wednesday after registering a marginal drop of 0.36%. SHIB continued to drop on Thursday, falling by over 4% after a highly volatile session and dropping to $0.000023. The price recovered on Friday, rising by over 4% and moving to $0.000024, but fell back on Saturday, registering a drop of nearly 2%. The current session sees SHIB marginally up as buyers and sellers look to establish control.

We can see that the MACD is currently bearish, but if SHIB is able to push higher from its current level, we could see it flip to bullish.

Looking at IntoTheBlock’s IOMAP for the Shiba Inu price chart, we see that SHIB has strong support at around $0.000024. At this price level, over 6k addresses have bought more than 56t SHIB.

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Image: IntoTheBlock 

Image: SHIB/USDT volume chart 022822

The 4-hour Shiba Inu price chart shows us that SHIB had dropped to $0.000023 on the 22nd. The price made a strong recovery from this level, as it surged past the 20 and 200-bar SMAs and moved to $0.000026. However, SHIB could not stay at this level and fell back significantly, dropping back below the 20 and 200-bar SMAs and dropping to $0.000021 on the 24th. SHIB recovered from this point, rising to $0.000024 and then pushing past the 20-bar SMA, rising to $0.000025 on the 26th. The price fell back after reaching this level, dropping $0.000023, before recovering and pushing to its current level of $0.000024.

We can see that the MACD and Parabolic SAR are bullish, indicating that we could see SHIB push higher.

Image: SHIB/USDT 4-hour

Image: SHIB/USDT 4-hour chart 022822

Shiba Inu Price Is Expected To Reach These Levels

The Shiba Inu price chart shows that SHIB is marginally down during the ongoing session as buyers and sellers look to establish control. If buyers manage to control the session, SHIB could push above $0.000025. However, if sellers manage to control the session, SHIB could slip below $0.000024.

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