Shiba Inu Price Prediction: SHIB Unable to Push Past $0.000033.

Daily Shiba Inu Technical Analysis

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Last Updated December 16th 2021
3 Min Read
  • The Shiba Inu price remained static at $0.000033
  • SHIB has not registered much movement since its drop of over 10% on Monday. 

The Shiba Inu price failed to make any price movements of note during the current week, with the price still at $0.000033. SHIB had started the week on a bearish note, dropping by over 10% on Monday. However, the price pushed up on Tuesday, rising by over 3% and settling at $0.000033. Wednesday saw the price register a marginal decrease before a marginal increase saw the price back at $0.000033. 

Shiba Inu Price Chart Indicates Buyers Looking To Push SHIB To $0.000034. 

The Shiba Inu price had started the previous week on a reasonably positive note, rising by 1.52% on Monday. SHIB dropped back on Tuesday, falling by 1.41%, before rising by just over 2% on Wednesday and moving to $0.000036. However, the price fell back on Thursday, dropping by over 6% and settling at $0.000034. SHIB continued to drop on Friday, falling by 3.46% and settling at $0.000033.

Image: SHIB/USDT daily chart 121621

Image: SHIB/USDT daily

After dropping to $0.000033, the Shiba Inu price recovered over the weekend, rising by almost 3% on Saturday, and settled at $0.000034. Sunday saw another increase, with the price rising by over 6% and settling at $0.000036. Despite the bullish weekend, SHIB fell back on Monday, dropping by over 10% and settling at $0.000032. On Tuesday, the price recovered, rising by 3.28% and settling at $0.000033 before marginally dropping on Wednesday.

The current session has seen a marginal drop, and with the Parabolic SAR currently bearish, we could see the price drop further.

Looking at IntoTheBlock’s IOMAP for the Shiba Inu price, we can see that SHIB faces strong resistance at around $0.000034. At this price level, over 11,000 addresses have sold more than 54,000 billion SHIB.

Image: SHIB/USDT volume chart 121621

Image: IntoTheBlock 

Looking at the 4-hour Shiba Inu price chart, we see that SHIB had dropped to $0.000033 on the 11th. From this level, the price pushed up to $0.000034 on the 12th, where the 20-bar SMA was acting as resistance. SHIB pushed past this level as it moved above the 20 and 50-bar SMAs to settle at $0.000036. The price fell from this level, slipping below the 20 and 50-bar SMAs to $0.000032 on the 13th. With the 20-bar SMA now acting as resistance, SHIB could not move past this level until the 16th, when it pushed past the 20-bar SMA to its current level of $0.000033.

We can see that the MACD is bullish, but if the price continues to drop, we could see it flip back to bearish.

Image: SHIB/USDT 4-hour chart 121621

Image: SHIB/USDT 4-hour

Shiba Inu Price Is Expected To Reach These Levels

Looking at the Shiba Inu price, we see that SHIB has not made much movement during the current week. If the current sentiment persists, we could see a marginal rise as SHIB pushes to $0.000034.