Shiba Inu Price Prediction: SHIB Surges Past $0.000030

Daily Shiba Inu SHIB Technical Anlaysis

Last Updated February 9th 2022
3 Min Read
  • The Shiba Inu price pushed past $0.000030 on Monday, when SHIB surged by over 14%. 
  • The current session sees SHIB marginally up, as buyers look to push SHIB even higher. 

The Shiba Inu price is currently up by just over 1%, as SHIB continues its recent upward trajectory. SHIB had pushed up by nearly 7% on Friday and then registered a marginal increase on Saturday, rising to $0.000022. Sunday saw SHIB surge by nearly 27%, pushing past the 20 and 200-day SMAs. SHIB remained in the green on Monday, going past the 50-day SMA and rising to $0.000032. 

Shiba Inu Price Chart Indicates SHIB Could Push Past $0.000032

The Shiba Inu price had started the previous weekend by registering an increase of just over 2% on Saturday. The price fell back on Sunday, dropping by nearly 3% and falling to $0.000021. Monday saw SHIB back in the green, registering an increase of 1.52% and then rising by 1.21% on Tuesday. However, the price fell back on Wednesday, as SHIB fell by nearly 5% and dropped to $0.000020, before registering a marginal increase on Thursday. 

Image: SHIB/USDT daily

Image: SHIB/USDT daily chart 020922

The Shiba Inu price continued to push higher on Friday, as it registered an increase of nearly 7%, rising to $0.000022, and then rose by 1.40% on Saturday. Sunday saw SHIB register a spectacular surge, as the price rose by nearly 27%, pushing past the 20 and 200-bar SMAs and rising to $0.000028. The current week started with SHIB registering another significant increase, pushing up by over 14% and rising to $0.000032, before registering another marginal increase during the current session.

We can see that the MACD is currently bullish, indicating that we could see the price push higher.

Looking at IntoTheBlock’s IOMAP for the Shiba Inu price, we can see that SHIB faces strong resistance at around $0.000035. At this price level, over 46,000 addresses have sold more than 42.47t SHIB.

Image: IntoTheBlock 

Image: SHIB/USDT volume chart 020922

The 4-hour Shiba Inu price chart shows us that SHIB had pushed up to $0.000021 on the 2nd. The price fell back from this level, dropping below the 20 and 50-bar SMAs and falling to $0.000210 on the 4th. The price registered a strong recovery from this level, pushing above the 20 and 50-bar SMAs and rising to $0.000023. SHIB registered a marginal drop from this level, falling to $0.000022, before surging past the 200-bar SMA and rising to $0.000028. SHIB continued to push higher from this level, rising to $0.000034, before dropping back to its current level of $0.000032.

We can see that the MACD and Parabolic SAR are bullish, but if the price drops further, we could see them flip to bearish.

Image: SHIB/USDT 4-hour

Image: SHIB/USDT 4-hour chart 020922

Shiba Inu Price Is Expected To Reach These Levels

The Shiba Inu price chart shows us that SHIB has been extremely bullish in recent sessions, although sellers have managed to drive the price down during the current session. If sellers push the price further, we could see SHIB drop to $0.000030. However, if buyers retain the session, SHIB could push towards $0.000035.