Analyst Identifies Completed Shiba Inu Bullish Pattern: What’s Next For SHIB?
- Shiba Inu MACD indicator shows higher reading during March 2025 low versus July 2024.
- Analyst projects potential 171.57% upside targeting $0.00003200 price level.
- Token supply concerns challenge aggressive price predictions above $0.01.
Using the Moving Average Convergence Divergence (MACD) indicator on a two-day chart, market analyst Javon Marks has seen a full bullish divergence pattern in Shiba Inu’s price activity. According to the analysis, SHIB could be positioned for a larger upward move from its current price near $0.00001178.
The divergence formed between two significant price lows over a period of about eight months. The token later fell to a second low of $0.00001083 on March 10, 2025, marking a lower price level. However, the MACD indicator recorded a higher value during the March 2025 low compared to the July 2024 low.
However, the MACD indicator registered a higher reading during the March 2025 low compared to the July 2024 trough. This divergence between price movement and momentum indicators typically signals potential trend reversal opportunities for technical traders.
SHIB MACD crossover could trigger buying interest
Converging toward a possible bullish crossing, the MACD and signal lines may be an indication of increasing upward pressure. Shrinking histogram bars support the theory that bearish momentum is fading and may give way to increased buying activity.
Marks has established a price target of approximately $0.00003200 based on the technical setup. This level would require a 171.57% increase from current trading prices, placing SHIB near previous resistance zones tested during the December 2024 rally.
Social media discussions have intensified around SHIB price predictions, with crypto influencer YourPOP projecting a target of $0.01. This ambitious forecast would require gains exceeding 84,000% from current prices, creating debate about mathematical feasibility.
Critics point to SHIB’s massive circulating supply as a fundamental obstacle to extreme price appreciation. The token maintains hundreds of trillions of units in circulation, requiring unprecedented market capitalization increases to reach targets above $0.01.
The technical analysis provides a more conservative framework for evaluating SHIB’s near-term potential. Bullish divergence patterns have historically preceded price reversals, though success rates vary depending on broader market conditions and volume confirmation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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