Javon Marks says Shiba Inu bullish divergence has completed, eyeing a move that could be setting SHIB for a much larger positive reversal.
Notably, Shiba Inu (SHIB) is currently trading at $0.00001178, marking a 2.1% gain over the past 24 hours and a 2.4% rise in the last week amid moderate volatility. The asset reached a short-term high of around $0.00001212 on July 3 before pulling back and subsequently recovering.
This performance aligns with a growing wave of bullish sentiment surrounding SHIB, as highlighted in a recent technical analysis shared by market analyst Javon Marks. The analysis focuses on a bullish divergence observed between SHIB’s price action and the Moving Average Convergence Divergence (MACD) indicator on the 2-day timeframe.
Bullish Divergence Confirmed
The chart displays SHIB forming a lower low in March 2025 compared to the earlier low in July 2024. These two troughs are connected by a gently descending trendline, reflecting sustained downward pressure over the past year.
The first low occurred at $0.00001270 on July 5, 2024, followed by a sharp rally to a peak of $0.000033 by December 8, 2024. Afterward, SHIB declined again to a second low of $0.00001083 on March 10, 2025, from which it rebounded.
However, this bearish price movement is not mirrored by the MACD indicator. Notably, the MACD reading during the second price low was higher than during the July 2024 low, signaling a classic bullish divergence.
MACD Bullish Crossover Imminent
Meanwhile, the MACD and signal lines (blue and orange, respectively) appear to be converging, potentially setting the stage for a bullish crossover. This would indicate growing upward momentum and could prompt increased buying activity. Additionally, shrinking histogram bars lend further support to the possibility of fading bearish pressure and an impending trend reversal.
Based on this analysis, Marks has projected a potential upside target of around $0.00003200. From the current price of $0.00001178, such a move would represent an approximate 171.57% increase. The analyst also suggests this could be the beginning of a much larger bullish reversal for Shiba Inu.
More Pronounced SHIB Prediction
Meanwhile, as the week starts, social media has been buzzing with renewed Shiba Inu price predictions. Specifically, crypto influencer YourPOP reignited discussion by projecting a bold target of $0.01 for SHIB.
The bullish forecast has triggered discussion, with an X user suggesting that Shiba Inu’s massive token supply remains a major hurdle. The user argued that substantial price gains are unlikely unless the circulating supply drops through aggressive burning.
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