The cryptocurrency Shiba Inu (SHIB) has every chance to finish the second week of March as one of the beneficiaries of the relief rally that we are currently observing on the market. Since the beginning of the week, the token has already added almost 17% to its price and is trading at $0.00000618. For comparison, its value on Monday stood at $0.00000527.
However, as the current picture on the SHIB price chart by TradingView suggests, the ceiling of growth has not yet been reached. Assessing the price from the perspective of the Bollinger Bands indicator, it can be said that further upside of around 22% still looks realistic for SHIB.
Why Bollinger Bands signals more gains for Shiba Inu (SHIB)
These figures are not out of thin air. Specifically, the 20-day moving average on the weekly time frame, which is fundamental for the Bollinger Bands, is currently located about 22% higher.
HOT Stories XRP Now Available for DeFi on $4.2 Billion Coinbase Network, Shiba Inu (SHIB) Price up 18% in Short Sellers' Hunt, Bitcoin Stabilizes Above $69,000 Ahead of March 19 FOMC: Morning Crypto Report Billionaire Druckenmiller Claims Crypto Could Be New Reserve Currency
For those unfamiliar with the indicator, it works as a price corridor that allows one not only to determine which bias is currently prevailing for the asset but also to outline strong resistance and support levels based on historical price data. Supporting the idea that SHIB may reach this level, which currently comes in around $0.00000760, is also the prevailing trend.
SHIB/USDT Weekly Chart, Source: TradingView
Since the moment Shiba Inu fell into the lower corridor of the Bollinger Bands on the price chart, which happened in September 2025, the token has tested this line twice. The first time was during the week of Oct. 6, and the second during the week of Jan. 5.
You Might Also Like
Fri, 03/13/2026 - 09:20 Vitalik Buterin Unveils What He Did With 500 Trillion SHIB Donated by Ryoshi in 2021ByYuri Molchan
Adding fuel to the bullish forecast for SHIB is the fact that the current week is the most "green" for Shiba Inu. The last time the token demonstrated similar growth figures was during a week in December 2025, when the price of SHIB increased by 22.3% over seven days.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
