---
title: "Shiba Inu (SHIB) Price Prediction for This Week"
url: https://diffcoin.com/shiba-inu-shib-price-prediction-for-this-week/
description: "Let's have a quick look at some of the technical factors for SHIB that may give us an indication of what's next for its price."
published: 2024-10-16
updated: 2024-10-16
author: "Mila"
site: "Diffcoin"
---

# Shiba Inu (SHIB) Price Prediction for This Week

SHIB’s uptrend remains intact which puts bulls in charge of the price action.

**Key Support levels: $0.000014**

**Key Resistance levels: $0.000020**

## 1. SHIB Eyes the Key Resistance

Buyers have been slowly moving SHIB higher and higher after the sharp pullback in early October. They did not yet reach the key resistance at $0.000020, but this is their current target. While the price was rejected there last time, a second attempt could be interpreted as bullish.

![SHIBUSDT_2024-10-16_10-43-00](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAyNDM3IDExOTAiIHdpZHRoPSIyNDM3IiBoZWlnaHQ9IjExOTAiIGRhdGEtdT0iaHR0cHMlM0ElMkYlMkZjcnlwdG9wb3RhdG8uY29tJTJGd3AtY29udGVudCUyRnVwbG9hZHMlMkYyMDI0JTJGMTAlMkZTSElCVVNEVF8yMDI0LTEwLTE2XzEwLTQzLTAwLnBuZyIgZGF0YS13PSIyNDM3IiBkYXRhLWg9IjExOTAiIGRhdGEtYmlwPSIiPjwvc3ZnPg==)

Chart by TradingView

## 2. Uptrend Holding Steady

The price has been making higher lows since mid-September and formed a clear uptrend. As long as this holds, buyers have the upper hand. Another push and the price can quickly reach the key resistance at $0.000020 next.

![SHIBUSDT_2024-10-16_10-42-44](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAyNDM3IDExOTAiIHdpZHRoPSIyNDM3IiBoZWlnaHQ9IjExOTAiIGRhdGEtdT0iaHR0cHMlM0ElMkYlMkZjcnlwdG9wb3RhdG8uY29tJTJGd3AtY29udGVudCUyRnVwbG9hZHMlMkYyMDI0JTJGMTAlMkZTSElCVVNEVF8yMDI0LTEwLTE2XzEwLTQyLTQ0LnBuZyIgZGF0YS13PSIyNDM3IiBkYXRhLWg9IjExOTAiIGRhdGEtYmlwPSIiPjwvc3ZnPg==)

Chart by TradingView

## 3. Daily RSI is Bullish

The daily timeframe RSI has been in a beautiful uptrend since August. In late September, when it reached overbought levels at over 80 points, sellers pushed SHIB into a corrective move. Since then, the RSI has held steady above 50 points, putting it on the bullish side. This supports higher price levels in the future.

![SHIBUSDT_2024-10-16_10-42-17](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAyNDM3IDExOTAiIHdpZHRoPSIyNDM3IiBoZWlnaHQ9IjExOTAiIGRhdGEtdT0iaHR0cHMlM0ElMkYlMkZjcnlwdG9wb3RhdG8uY29tJTJGd3AtY29udGVudCUyRnVwbG9hZHMlMkYyMDI0JTJGMTAlMkZTSElCVVNEVF8yMDI0LTEwLTE2XzEwLTQyLTE3LnBuZyIgZGF0YS13PSIyNDM3IiBkYXRhLWg9IjExOTAiIGRhdGEtYmlwPSIiPjwvc3ZnPg==)

Chart by TradingView

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