Shiba Inu’s ($SHIB) Bullish Reversal Could Trigger a Massive 330% Climb, Analyst Predicts

• Shiba Inu shows a hidden bullish divergence, analyst predicts potential upward momentum and a 330% price increase ahead.
• Key resistance levels at $0.00000931 and $0.00001553 could drive further SHIB gains if breached with higher volume.
• RSI trend and EMA indicators suggest Shiba Inu may overcome short-term bearish pressure and maintain a long-term bullish outlook.

According to analyst JavonTM1, Shiba Inu ($SHIB) is showing signs of an imminent bullish continuation. Recent movements suggest that a hidden bull divergence has emerged, indicating possible upward momentum. 

The cryptocurrency has seen a price response that could be the precursor to a larger move. JavonTM1 believes that SHIB has the potential of a massive continuation, with the target price of $0.000081 remaining unchanged, a potential 330% climb.

Bullish Divergence and Resistance Levels

Shiba Inu’s price movement has been volatile, dropping from $0.00001576 to under $0.00000931. This was followed by several recovery attempts that were ultimately unsuccessful. 

However, two key areas, noted as breakout points, suggest a potential reversal in momentum. JavonTM1 highlighted a hidden bullish divergence at current price levels, which may signal improving strength beneath the surface.

Two major resistance levels have been identified. The first is at $0.00000931, a more immediate target. The second, a stronger resistance, is at $0.00001553. The price is currently trading below these key levels, at $0.00000794. If the price surpasses $0.00000931, it could lead to a more sustained rally toward $0.00001553.

Technical Analysis Points to Cautious Optimism

Shiba Inu’s momentum is further supported by the relative strength index (RSI), which shows a clear bullish divergence. The RSI is trending upward, even as the price remains relatively flat, indicating a potential reversal is in play. The analyst believes this bullish signal could trigger major upward movement. However, a breakout through the $0.00000931 level with higher volume is essential for confirmation.

Short-Term Bearish Trend With Long-Term Potential

Another technical indicator worth noting is Shiba Inu’s movement relative to the 50-period and 200-period exponential moving averages (EMA). The 50-period EMA currently sits above the price, suggesting short-term bearish pressure. 

However, the price remains above the 200-period EMA, which keeps the long-term bullish trend intact. If SHIB can hold above the 200 EMA, the longer-term outlook remains optimistic.