Analyst Predicts Massive Shiba Inu (SHIB) Rally as Key Breakout Signals Strong Bullish Momentum

• Analyst Javon projects Shiba Inu could gain over 215%, targeting $0.000081 after a key breakout and bullish divergence.
• The $0.0000065 support level validates SHIB’s reversal, while resistance at $0.000007 and $0.00001653 presents challenges.
• Consolidation near $0.00002470 may precede further gains, as MACD signals momentum shifts and Fibonacci levels guide support and resistance.

Analyst Javon highlights Shiba Inu’s ($SHIB) recent price surge, suggesting the token is in one of its strongest positions in years. The price has risen over 162% following a decisive breakout above key resistance levels. 

A hidden bullish divergence, identified in technical indicators, points to major upward momentum. Javon indicates this divergence could push SHIB more than 75% above its 2024 highs, with a broader potential of a +215% rally. This rally may target the first major breakout point at $0.000081, translating to a possible threefold increase in value.

Breakout Validated by Key Support Levels

The analyst identifies a descending trendline, which SHIB respected until a breakout near $0.0000065. After surpassing this resistance, the price retested the same level, confirming it as strong support. 

This retest compements the bullish reversal and suggests investor confidence in sustained upward movement. Positive volume trends during the breakout further validate market interest, signaling momentum behind the price action.

Further, he highlights significant support and resistance zones. The $0.0000065 level serves as a robust base, while $0.000007 and $0.00001653 are notable resistance points. These levels mark potential barriers SHIB may confront as it climbs.

Fibonacci and Indicator Insights

The token’s breakout above the 61.8% retracement level at $0.00001867 solidifies bullish sentiment. Current consolidation near $0.00002470 suggests a potential pause before attempting to breach the next resistance at $0.00002591. The 78.6% retracement level at $0.00001543 remains a crucial support if momentum slows.

The MACD indicator aligns with the broader bullish narrative. A previous bullish crossover coincided with the breakout, confirming upward momentum. However, converging MACD lines and tapering histogram bars suggest a possible consolidation phase, requiring the market to monitor short-term shifts.

Bullish Momentum Faces Resistance Challenges

The Fib and MACD reinforces mid-to-long-term bullish potential for SHIB. Sustained trading above $0.00001867 indicates a bullish bias, but resistance at $0.00002591 and $0.00003039 could slow momentum. Volume trends reflect a spike during the breakout, though a recent decline hints at temporary consolidation.