Shiba Inu (SHIBUSD) Price Forecast: March 21
The Shiba-Inu price is set to rise further as it is on its way to the critical supply level. The bullish run may likely continue provided the buy investors add more strength to their actions and push the crypto upward. The coin might turn upside further to a $0.000020 high level and beyond.
Key Levels:
Resistance Levels: $0.00001400, $0.00001500, $0.00001600
Support Levels: $0.000010, $0.000009, $0.000008
SHIB (USD) Long-term Trend: Bearish (Daily Chart)
Shiba-Inu price is in a bearish market on the higher time frame at the moment. This is clear as we can see the prices trading below the two EMAs.
The bearish pressure at the $0.00000867 support level during yesterday’s session has made the coin stay below the supply trend levels in its recent high.
The bulls actually hit the resistance level of $0.00000878 below the two EMAs as the daily chart resumes today. However, the buy traders could not relent, as they aim to drag the price further to a significant level.
Hence, more upsides are expected as the SHIBUSD market is also pointing up in the oversold region of the daily stochastic; this means that the selling pressure has ended and the bulls are now set to take us higher and in this case, $0.000 20 supply level might be the target soon in the higher time frame.
SHIB (USD) Medium-term Trend: Bullish (4H)
The SHIBUSD pair is having a bullish posture in its medium-term view. The price bar can be seen above the EMA-9. Thus, the trend has just resumed its rising pattern but has not yet reached its goal. 
Activities from the bulls to the $0.00000886 resistance value in the previous activities have sustained the crypto’s bullishness in recent times.
The bulls made a correction at the $0.00000878 high level above the EMA-9 as the 4-hourly session opens today; this indicates that the bulls are gradually coming into the market to stage a play. Therefore, a bullish breakout of $0.00001171 resistance is needed to obtain a recovery opportunity for Shiba Inu holders.
Meanwhile, a further rise in the market price of SHIBUSD is possible, as the selling pressure has ended. The coin market is now pointing up on the daily stochastic. This means that the price might possibly continue with its upward trend and may likely reach the $0.000020 supply level soon in its medium-term time frame.
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