SHIB Price Rally Gains Momentum: Bollinger Bands Point to 22% Upside

Shiba Inu ($SHIB) is closing the second week of March on a strong note. The token has gained nearly 11% since Monday, pushing its price to $0.00000595 at the time of writing. At the start of the week, $SHIB was trading at $0.00000527. The broader crypto market is experiencing a relief rally, and $SHIB is among the clearest beneficiaries. Technical indicators now suggest the token has more room to climb.

Bollinger Bands Signal Further Gains Ahead

Analysis of the $SHIB price chart on TradingView reveals the ceiling of the current rally has not been reached. The Bollinger Bands indicator points to an additional upside of approximately 22%. The 20-day moving average on the weekly time frame, which anchors the Bollinger Bands, currently sits about 22% above the present price. That level translates to a price target of roughly $0.00000760.

The Bollinger Bands indicator functions as a dynamic price corridor. It identifies the prevailing market bias and highlights key resistance and support zones based on historical price behavior. When price approaches the upper or lower band, it often signals a reversal or continuation move, depending on broader trend context. For $SHIB, the current reading aligns with a continuation of the upward move.

Historical Pattern Reinforces the Bullish Case

$SHIB entered the lower corridor of the Bollinger Bands in September 2025. Since that point, the token has tested the lower band twice. The first test occurred during the week of October 6. The second took place during the week of January 5. Each test was followed by a price recovery, reinforcing the pattern that the lower band acts as strong support for $SHIB.

The current week is shaping up to be the most bullish trading period for $SHIB in recent months. The last comparable performance was in December 2025, when $SHIB surged 22.3% over a single week. That precedent supports the view that sharp weekly gains are not unusual for the token during favorable market conditions. The current setup mirrors that period closely.