The latest price for one Shiba Inu coin is $0.0000293. It has increased by 14% in the last 24 hours. 49.00% of the days, the SHIB price has closed above the opening.
The short-term outlook is bullish based on technical price analysis. The first major resistance level for SHIB's uptrend is at $0.0000302; it needs to close above this level to continue moving upward, while the lower support is at $0.0000285. Thus, if the price falls below $0.0000285, we may see the price go even lower. On the other hand, if it can close above the $0.0000302 level, it may rise to the next resistance level at $0.0000328.
The 14-day Relative Strength Index (RSI) currently stands at 72.82, indicating overbought conditions, which signals that the price may drop in the near future. On the weekly chart, the RSI is at 32.21, indicating a natural state.
On the daily chart, the exponential moving averages show a bullish signal. The price of Shiba Inu is currently above all 10, 20, 50, 100, and 200-day EMAs.
According to our Shiba Inu price forecast, the price of SHIB could reach $0.0000329 within the next 10 days, while the long-term price forecast for 2025 is $0.0000946.
