Shiba Inu (SHIB) Poised for Massive Rally, Analyst Sees Potential 480% Upside

• SHIB shows hidden bullish divergence, with analysts predicting a 231% recovery and $0.000081 target.
• Key resistance levels for SHIB at $0.00001337 and $0.00001557 could determine bullish momentum.
• RSI at 47.19 and weakening MACD hint at a potential reversal for SHIB’s price, signaling bullish momentum.

Shiba Inu (SHIB) could be gearing up for a price surge, according to crypto analyst JavonTM1. Recent patterns in SHIB’s price action, combined with key technical indicators, suggest that the cryptocurrency might be on the verge of a major recovery. 

JavonTM1 has pointed to the formation of bullish patterns and a possible hidden bullish divergence, which could indicate a 231% price recovery. SHIB prices are currently holding steady, with a potential uphill climb of over 480% in play, aiming for the $0.000081 target.

Bullish Divergence and Price Recovery

Shiba Inu has seen a period of price consolidation following a major decline. The price trends show a sharp drop, followed by lower highs, while momentum has started to build. A bullish divergence is forming, signaling that even though the price remains low, momentum is shifting upwards. Notably, this price action may be a precursor to a substantial price reversal. JavonTM1 has emphasized that SHIB’s price target of $0.000081 remains in play, with the possibility of a 480% rally.

Support and Resistance Levels to Watch

Several key resistance levels for SHIB have been identified. The cryptocurrency is expected to face resistance around $0.00001337 and $0.00001557. These levels may serve as important points to monitor, as breaking through them could confirm a more sustained upward movement. 

SHIB has previously tested lower support levels, indicating potential price stability. However, these resistance levels will likely play a significant role in determining whether the bullish momentum can continue.

Technical Indicators Show Potential Reversal

The SHIB/USDT trading pair on Binance reveals a consolidation phase after a downtrend. The RSI, currently at 47.17, shows neutral momentum, suggesting that the market is neither overbought nor oversold. Should the RSI rise above 50, it could indicate increasing bullish momentum. 

Source: TradingView

Furthermore, the MACD, while still showing bearish momentum, indicates weakening momentum as the histogram bars shrink. A potential crossover could suggest an upcoming reversal toward a bullish trend, although it hasn’t yet materialized.