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SHIB Price Prediction for March 15

Sat, 15/03/2025 - 15:40
Can weekend become bullish for SHIB?
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SHIB Price Prediction for March 15
Cover image via U.Today

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The weekend has begun with the market bounce off, according to CoinStats.

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Top coins by CoinStats

SHIB/USD

Unlike most of the other coins, the price of SHIB has dropped by 0.3% since yesterday.

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Image by TradingView

On the hourly chart, the rate of SHIB is in the middle of a narrow channel, between the support of $0.00001263 and the resistance of $0.00001287. 

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As none of the sides is dominating and the volume keeps falling, there are low chances to expect sharp moves by tomorrow.

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Image by TradingView

On the bigger time frame, the price of the meme coin is neutral at the moment. If buyers want to seize the initiative, they need to restore the rate above the nearest level of $0.000013. In that case, the breakout may lead to the $0.00001350-$0.000014 zone.

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Image by TradingView

A less positive picture can be seen on the weekly chart. Even if the bar closes around the current prices, the energy might not be enough for a further move to the north. In this regard, sideways trading in the area of $0.000012-$0.000014 is the more likely scenario.

SHIB is trading at $0.00001278 at press time.

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