The article suggests a potential 22% upside for shib based on bollinger bands indicator, which is a medium impact as indicators can be unreliable and market sentiment can change quickly. the recent 17% surge also indicates positive momentum.
The article explicitly states a 'bullish forecast for shib' and highlights that the current week is the most 'green' for shiba inu since december 2025, indicating strong upward momentum and potential for further gains.
The analysis is based on the current week's performance and the immediate outlook suggested by the bollinger bands, pointing towards short-term price potential rather than long-term trends.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. 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. Advertisement 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. Advertisement 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 2021 By Yuri 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. Advertisement #Shiba Inu #SHIB #Shiba Inu (SHIB) Price Prediction #Shiba Inu (SHIB) News