Shiba Inu Price Prediction: SHIB Registers Strong Recovery. Up By Over 4%

Daily Shiba Inu SHIB Technical Anlaysis

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Last Updated February 16th 2022
3 Min Read
  • The Shiba Inu price has pushed back above $0.000030 during the ongoing session, as buyers pushed the price up. 
  • SHIB had been quite bearish over the previous week and had dropped by nearly 7% on Friday. 

The Shiba Inu price pushed back above $0.000030 as buyers returned to the market, pushing the price higher. SHIB was relatively bullish over the weekend, as it rose by 1.53% on Saturday and then pushed up by 3.40% on Sunday to end the weekend at $0.000030. However, SHIB fell back on Monday, dropping to $0.000029, before recovering and pushing up by over 4% during the ongoing session. 

Shiba Inu Price Chart Indicates SHIB Looking To Push Above $0.000030 

The Shiba Inu price had started the previous weekend on an extremely bullish note, registering a marginal increase on Saturday and then surging by nearly 27%, pushing above the 20 and 200-bar SMAs and rising to $0.000028. SHIB remained bullish on Monday, rising by over 14% and rising to $0.000032. Despite the bullish sentiment, SHIB fell back on Tuesday, falling to $0.000030, before recovering on Wednesday, rising by over 6% and moving to $0.000032.

Image: SHIB/USDT daily

Image: SHIB/USDT 4-hour chart 021622

The 4-hour Shiba Inu price chart shows us that SHIB had pushed up to $0.000033 on the 9th. The price fell back from this level, falling to $0.000032, and then slipping below the 20-bar SMA and falling to $0.000030. SHIB recovered but could not move past the 20-bar SMA and fell back, dropping to $0.000028 on the 12th, where the 50-bar SMA acted as support. As a result, SHIB rose to $0.000029, then pushed up to $0.000031 on the 13th, rising above the 20 and 50-bar SMAs. The price fell back, slipping below both SMAs and falling to $0.000029, before recovering and rising to its current level of $0.000030. We can see that the Parabolic SAR is currently bullish, indicating that we could see the price push higher.

Image: IntoTheBlock 

Image: SHIB/USDT volume chart 021622

The 4-hour Shiba Inu price chart shows us that SHIB had pushed up to $0.000033 on the 9th. The price fell back from this level, falling to $0.000032, and then slipping below the 20-bar SMA and falling to $0.000030. SHIB recovered but was unable to move past the 20-bar SMA and fell back, dropping to $0.000028 on the 12th where the 50-bar SMA acted as support. As a result, SHIB rose to $0.000029, then pushed up to $0.000031 on the 13th, rising above the 20 and 50-bar SMAs. The price fell back, slipping below both SMAs and falling to $0.000029, before recovering and rising to its current level of $0.000030. We can see that the Parabolic SAR is currently bullish, indicating that we could see the price push higher. 

Image: SHIB/USDT 4-hour

Image: SHIB/USDT 4-hour chart 021622

Shiba Inu Price Is Expected To Reach These Levels

Looking at the Shiba Inu price chart, we see that SHIB has recovered during the current session. If SHIB continues to push higher, we could see it push above its current level of $0.000030.