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Shiba Inu is at a precarious juncture on the weekly chart and, thus, attracting acute attention from traders currently.

The SHIB price tests the middle Bollinger Band, a threshold that does tend to separate steadiness from vulnerability. That band lies at about $0.00001006, and how price continues to move away from this level might decide what the next moves are.

This is not about a breakout just yet. It is more about whether SHIB can hold its ground or whether sellers start to press again.

On the weekly timeframe, the middle Bollinger Band also works as the 20-period moving average. SHIB has reacted around this level many times in the past. 

When price stays above it, the SHIB price tends to move sideways or grind higher. When it loses the level, momentum usually fades and price drifts lower.

Right now, SHIB is sitting right on top of that zone. If it can close the week above the middle band, that would support the idea of continued range trading. 

If it fails and closes below it, attention quickly shifts toward the lower Bollinger Band near $0.00000619, which has acted as solid support before.

Although the possibility for SHIB to retain the support exists, big gains are not something that can be expected for certain. 

The top Bollinger Band at $0.00001392 has been known for halting rallies in the past, and this trend still continues. Every time the SHIB price has pushed into that area, selling pressure has stepped in.

For the structure to change in a meaningful way, the price would need to not only hold above the middle band but also build enough momentum to challenge that upper zone. Until that happens, the market remains stuck inside a familiar range.

Momentum indicators are not giving a clear green light either. On the weekly MACD, the signal line is still above the MACD line, indicating only mild bearish pressure and the absence of strong bullish momentum within the market yet.

The MACD is likely to strengthen its bullish pattern if it turns in favor of buyers while remaining above the Middle Bollinger Band and the price level above it. Until then, it is advisable to be cautious.

Futures flow data shows mixed signals. Very short-term timeframes point to some cooling, with the 30-minute window showing net outflows. That usually reflects short-term traders stepping back or taking profits.

If we look forward in time, the situation looks more positive. In the 1-hour, 4-hour, and more particularly in the 8 hour time period, we see positive inflows happening, indicating that interest is being generated beneath the surface.

Currently, the price action in SHIB is what is expected while in a consolidating phase, which is around a key area, just waiting for the next development that will determine which side is prepared to take control.

Read Also: How Much Will 100 Million Shiba Inu Tokens Be Worth in 2027: SHIB Price Prediction

Over the next week, SHIB’s direction really depends on what it does around the weekly middle Bollinger Band at $0.00001006. If price can stay above that level, the path of least resistance is a slow grind higher, with SHIB likely moving between $0.0000100 and $0.0000115. If momentum starts to pick up and buyers keep showing up on dips, a stretch toward $0.0000120 isn’t off the table.

But if the SHIB price is simply range-bound within the region without a clear move up, the expectation would be that sideways market action is what will be most prevalent. In this respect, the price may continue to oscillate between the areas of $0.0000096 to $0.0000106, which fits the market momentum.

But if a negative trend unfolds, a weekly close below $0.00001006 could shift the emphasis again on the downside. Support levels to look out for would initially be at $0.0000090, then $0.0000080, depending on market conditions. Any sharp move towards the lower Bollinger Band at $0.00000619 would need more general market selling, not just selling in SHIB tokens.

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The post Shiba Inu ($SHIB) Price Prediction for The Next 7 Days appeared first on CaptainAltcoin.

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