Shiba Inu ($SHIB) Trading Analysis (March 2023)

Let’s take a look at Shiba Inu chart. I will try to give you a good overview of where shib price could go during the next few days and weeks.

Shiba Inu (SHIB) Price Chart

The price chart below includes SHIB monthly (RED), weekly (ORANGE) and recent daily (YELLOW) S&R.

You can also have a quick view of the 200D moving average (Blue) and the 100D MA (RED)

At the moment of writing this analysis SHIB price is sitting at 0.00001977.

SHIB Price Chart

Shiba Inu support and resistance prices

Current Monthly Support and Resistance for March 2023:

  • 0.00008854$
  • 0.00000714$
  • 0.00000510$

Current Weekly Support and Resistance for March 2023:

  • 0.00002966$
  • 0.00001704$
  • 0.00001575$
  • 0.00000778$

Current recent Daily Support and Resistance for March 2023:

  • 0.00001250$
  • 0.00000968$
  • 0.00000817$

Shiba Inu coin current trend

As of this writing, SHIB current price has been bouncing between 714 and 1704 since May 2022.

SHIB Trends

The 100D MA is currently below the 200D MA and has been for almost a year now.

This highlight a big downtrend for SHIB.

The 100D MA is going toward the 200D at the moment, but we are not in an uptrend like BTC at this point.

We can see that SHIB is getting more upward momentum, but better be safe.

Where to buy SHIB (Price wise)

The chart below can give you potential area of where to buy Shiba Inu coin.

At this time, SHIB doesnt look to be in a good buying zone.

I would wait to either see the coin go back down in the 968 area and look for a bounce on the support to try and buy low.

You could also wait for SHIB to break higher resistance and show strength. The 1704 area is a good example of a resistance that need to be broken.

Those buying zone are for long term trading. If you are a day trader, I am sure there will be plenty of opportunity to buy SHIB on intraday candles.

But this is not for this analysis.

SHIB buying zone

How to trade SHIB in March 2023?

If you are new to trading and ended up on this page to find an exact price of where to buy SHIB, you might be disapointed right now. But I made you a nice guide on how to trade crypto that will get you started on the good foot. With this guide, you can make a view for yourself as to know where SHIB might be heading. Check it out!

You can also, check out my SHIB trading signals.

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