SHIB rises above the Bollinger Bands' average. Despite a recent dip, bullish indicators suggest a potential upward trend if key levels hold.
Shiba Inu (SHIB) might be preparing for a significant price movement as it rises above the Bollinger Bands' average. Despite a recent dip, bullish indicators suggest a potential upward trend if key levels hold.
Shiba Inu (SHIB) Price Analysis March 20
A bullish close for the current week is being hinted at by the Bollinger Bands indicator for the popular meme-inspired cryptocurrency Shiba Inu (SHIB). Named after and developed by John Bollinger, this indicator showcases a complete range that is formed by two dynamic lines: the average of the asset's maximum and minimum prices, and the average itself.
Traders are able to gain more insight for their investment decisions if they are able to identify any instances of unusual compressions, contractions or price movement outside of either band.
Bollinger Bands Signal Potential For SHIB
Nothing major occurred on a macro scale, but we did get a subtle hint. Despite the Shiba Inu token being down 5.84% this week, it still managed to rise above the bands' average, a sign that buyers or bulls are bullish on the asset. If the weekly candle manages to stay fixed above this level, it bodes well for SHIB.
Key Levels Could Drive SHIB’s Next Big Move
If the price of Shiba Inu tokens manages to stay above $0.00001714 by Sunday’s close, SHIB tokens might reach $0.00002456 by then, marking a 26.5% increase from where the upper Bollinger Band is currently.
This scenario aligns with the theory that this week was a correction to the retracement that occurred the previous week, which saw SHIB rally 33.2%, as covered by U.Today.
Bearish Scenario Still A Possibility
Needless to say, these are mere theories and probabilities. If it is determined that the price of the meme token will continue to fall, then the lower limit of the range that is displayed on the indicator is currently at $0.0000098.
The above is the detailed content of Shiba Inu (SHIB) Might Be Gearing up for a Significant Price Movement. For more information, please follow other related articles on the PHP Chinese website!

In 2021, Shiba Inu (SHIB) emerged as one of the best-performing cryptocurrencies, demonstrating an extraordinary performance during the bull run.

Shiba Inu (SHIB) has grow to be synonymous with the meme coin phenomenon. Nonetheless, a brand new participant on the scene, Mpeppe (MPEPE), is quickly rising

As the cryptocurrency market experiences tumultuous conditions, notable developments in altcoins like Shiba Inu (SHIB) and Ripple (XRP) reveal intriguing

Recent analysis shows Shiba Inu (SHIB) and Dogecoin (DOGE) are underperforming, trading below critical price levels. However, market experts still believe in the upcoming altcoin rally, which will surprisingly be led by the rising DeFi project, RCO F

SHIB Token Volume Exceeds 1.2 Trillion in 24 Hours Based on on-chain analytics and recent price swings, Shiba Inu has gone through a lot.

Shiba Inu (SHIB) is one of the most popular meme coins and the second largest by market cap. While it experienced an astronomical rise during the 2021 bull run, market analysts predict a more modest climb in 2024. Specifically, SHIB is not expected t

Shiba Inu price has also seen a slight resurgence courtesy of the soaring burn rate. Sadly, RBLK and SHIB‘s good fortunes weren’t repeated on FLOKI.

The new meme coin has a particularly strong narrative since it is named after the new dog of Atsuko Sato. The Japanese nursery school teacher rose to prominence as the owner of Kaboso

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

Zend Studio 13.0.1
Powerful PHP integrated development environment

SublimeText3 Chinese version
Chinese version, very easy to use

SublimeText3 Linux new version
SublimeText3 Linux latest version

Notepad++7.3.1
Easy-to-use and free code editor

Dreamweaver CS6
Visual web development tools
