- A bullish MACD divergence suggests SHIB’s downtrend may reverse, with $0.000032 as a potential upside target.
- SHIB faces strong resistance near $0.00001400; a breakout above $0.00001600 with volume is key for a confirmed rally.
- RSI near 43.50 and MACD histogram flattening indicate changing momentum, though SHIB is range bound for now.
Shiba Inu (SHIB) may be preparing for a notable bullish move, driven by a confirmed technical divergence earlier this year. Analyst Javon Marks points to a sharp divergence pattern on the MACD indicator, suggesting a potential reversal from its prolonged downtrend.
At press time, SHIB was trading at $0.00001239 after rebounding from support near $0.00001100. While the price remains range bound, the momentum indicators show signs of change, pointing to a coiled pattern that could release upward pressure. According to Marks, this divergence could push SHIB up by over 156%, targeting $0.000032 as the next major level.
Bullish Divergence May Lead to Change
SHIB has been in a declining trend since late 2021, forming lower highs with compressing lows. This descending pattern has created a falling channel, but technical indicators suggest a weakening bearish momentum.
The MACD indicator recorded a bullish divergence. While prices made a lower low, the MACD lines showed a higher low, indicating the downtrend could be fading. This divergence is marked on the MACD with contrasting directional arrows. The flattening histogram adds weight to this observation.
A bullish crossover is unconfirmed, but the narrowing red bars suggest that a change may occur. If SHIB breaks above its recent high of $0.00001600 with increasing volume, a mid term rally toward $0.000032 could develop.
Price Stabilization at Key Support Zones
SHIB’s recent bounce near $0.00001100 indicates strong interim support. The double-bottom-like structure around $0.00001220 strengthens this level’s importance.
Despite this, prices continue to face resistance near $0.00001400, which blocked further gains in July. A confirmed move past this barrier would be the first signal of strength. The RSI is at 43.50 and remains under the neutral 50 level.
However, it appears to be bottoming out, with an early upturn forming. If this momentum continues and crosses 50, it would mark a clear shift toward buyer control. Until then, SHIB remains in consolidation between $0.00001100 and $0.00001400.
Volume and Momentum Confirmation
For SHIB to realize the 156% upside projected by Marks, several factors must align. A breakout above $0.00001600 should be confirmed by strong volume and a MACD crossover. Without that, SHIB risks remaining in a sideways trend or falling back below key supports.
Analysts also note that sustained closes above resistance will be essential to validate the reversal setup. Until then, the technical outlook is cautiously optimistic, supported by early signs of recovery in momentum indicators.
