Shiba Inu (SHIB) Price Prediction: Recent Data Show The Coin Is Recovering Rapidly

February was rough for every coin in the market. As soon as the news of an updated tariff hit the market, the market went into a frenzy. The fear of a trade war managed to grip investors, leading to one of the biggest and most robust liquidation events in the history of crypto. However, things have stabilized for a while, and coins like Shiba Inu or SHIB managed to completely reverse and regain their momentum.  

After a rough start to the month, SHIB found support at $0.000014. This bracket instilled confidence in investors. As a result, investors thinking of abandoning the ship bounced back. Since hitting the $0.000014, the coin’s price has gradually risen. Sources suggest the current bullish market can raise the value to a resistance level of $0.000018.  

The Gradual Rise Of SHIB 

The rise of the SHIB coin was not as smooth as anticipated. For a brief moment, the RSI fell into the oversold zone. This incident took place at the very beginning of the market. However, the current bull market has helped fix that. The coin’s price is gradually recovering, which has helped the investors feel confident about the coin’s ROI. As a result, this can push the coin’s price to $0.000018. 

The MACD data also shows that the coin’s momentum is shifting from bearish to bullish. The coin made a bullish cross this week. As long as the MACD histogram manages to sustain higher highs, buyers will remain an advantage. If this continues, SHIB might even break the $0.000020 resistance level shortly. Follow for more crypto news.