How high can it go this week?

Meme coins are back in fashion and SHIB is no exception.

Key Support Levels: $0.000014

Key Resistance Levels: $0.000020

1. SHIB turns bullish

The decline appears to be over and SHIB started the week with buyers eager to push the price higher. If this bullish momentum continues, the key resistance at $0.000020 could be tested in the coming days. The sellers had already stopped the price there at the end of September, but a second attempt could be successful.

2. A higher high next?

After confirming a higher low, SHIB is now on track to make a higher high. To make this happen, the price needs to convert $0.000020 into support. At the time of this post, buyers still seem a bit shy, but that could change in the coming days.

3. Strong bullish signal on MACD

The weekly MACD turned bullish in early October and this momentum has only strengthened since then. This supports a bullish bias and the expectation that current resistance will soon be tested again. Based on this indicator, higher price levels become more likely.

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