Shiba Inu (SHIBUSD) Price Forecast: March 30
The SHIBUSD pair will surge higher to retest the $0.0000159 high mark. The coin has reached the oversold region and may likely rebound to resume its bullish trend soon. If this is attained, the coin price could go higher and hit the mentioned resistance value.
Key Levels:
Resistance Levels: $0.00001400, $0.00001500, $0.00001600
Support Levels: $0.000011, $0.000010, $0.000009
SHIB (USD) Long-term Trend: Bearish (Daily Chart)
The SHIBUSD pair portrays a bearish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently below the moving averages. 
The bears’ pressure to the $0.0000109 support value during yesterday’s session has made the cryptocurrency price stay below the supply levels at its recent low.
The price responded to the shift in the market structure and is currently below the moving averages at the $0.0000102 low value as the daily chart opens today.
Meanwhile, the current price at a $0.0000102 low value below the supply trend lines has not stale the market condition of the crypto. Thus, traders who buy the coin during the bearish market will also make gains in the future.
Therefore, if the bulls should increase their tension in the market and exchange hands with the bears at the aforementioned support value, the price tendency will surge higher above the key levels.
Further, there is a higher probability of price reversal at the $0.0000102 support level as the Shiba Inu market is now oversold. This means that the selling sprint will soon be ended. This will enable the bulls to resume the uptrend move and this might rise higher to retest the $0.0000159 previous high in the days ahead in its medium-term time frame.
SHIB (USD) Medium-term Trend: Bearish (4HChart)
The Shiba-Inu price is forming lower lows and lower highs on its medium-term chart. Further, the price is trading below the two EMAs; which means that it’s in a bearish market zone at the moment.
The bears’ pressure on the crypto in the past few hours has dropped the price down below the supply trend levels in its recent low.
SHIBUSD rebounded after its massive drops. The coin price has moved up to a $0.0000103 high level below the two EMAs as a pullback from the buyers as the 4-hourly chart resumes today. This is a result of more concerns from the buy investors.
Therefore should the bulls increase their buying motives in the market, the price is poised to surge higher above the key resistance levels around $0.0000122.
In addition, more upsides are still coming as shown by the stochastic oscillator pointing upwards to indicate an uptrend. With the look of things, the bullish rally may therefore head towards the $0.0000159 high value in no long time in the medium-term time frame.
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