Shiba Inu Rallies: Bullish Market Boosts Coin's Price

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

February was a challenging month for the cryptocurrency market, with the news of updated tariffs causing a market frenzy and investor fears of a trade war leading to significant liquidation events. However, the market has since stabilized, and coins like Shiba Inu (SHIB) have managed to reverse their fortunes and regain momentum.

After a rough start to the month, SHIB found support at $0.000014, instilling confidence in investors and leading to a gradual price increase. Sources suggest that the current bullish market could raise the value to a resistance level of $0.000018.

The rise of the SHIB coin was not without its challenges. For a brief moment, the Relative Strength Index (RSI) fell into the oversold zone at the beginning of the market. However, the current bull market has helped the coin's price recover, with investors feeling confident about the coin's return on investment (ROI). This could potentially push the coin's price to $0.000018.

The Moving Average Convergence Divergence (MACD) data also shows that the coin's momentum is shifting from bearish to bullish. The coin made a bullish cross this week, and as long as the MACD histogram manages to sustain higher highs, buyers will remain an advantage. If this trend continues, SHIB might even break the $0.000020 resistance level in the near future.