Shiba Inu may be setting up for a significant upward move after confirming a bullish divergence on the two-day chart.
Crypto analyst Javon Marks, in a post on X, says SHIB could climb more than 156% from its divergence confirmation level, with a potential target of $0.000032.
Analyst Identifies Bullish Reversal Setup for Shiba Inu
Javon Marks’ analysis highlights a mismatch between SHIB’s price action and the MACD (Moving Average Convergence Divergence) momentum indicator.
While SHIB’s price recorded lower lows over the past year, the MACD indicator formed higher lows. This pattern, known as bullish divergence, typically points to weakening bearish momentum and the possibility of a trend reversal. Marks noted this divergence earlier this year, and the memecoin has since been consolidating near the $0.000017 level.
Shiba Inu is currently trading at $0.00001238, a 2.1% rise in the past day. Despite the modest recent price action, with a 5.2% drop in the past week, underlying indicators hint that SHIB may be building strength for a possible breakout.
Shiba Inu’s Target Set at $0.000032; How High Will It Surge?
According to the chart, the divergence confirmation level, estimated to be near $0.0000125, will lead to a rally up to $0.000032, representing a 156% increase.
This target, if achieved, would mark the highest price for SHIB since March 2024, when it traded above $0.000037.
Descending Channel Breakout
Meanwhile, according to crypto analyst Jonathan Carter, Shiba Inu has successfully broken out of a prolonged descending channel on the daily chart, signaling a potential shift in market momentum.
The price is now consolidating near the breakout area, just above the critical support zone between $0.00001050 and $0.00001250, which has historically served as a strong demand region.
Carter noted that this behavior points to an accumulation phase, where buyers may be positioning for a sustained move higher. If SHIB maintains support and gains bullish traction, Carter outlines key upside targets at $0.00001400, $0.00001750, $0.00002050, and $0.00002500, marking important resistance levels in the path of a potential rally.
Meanwhile, Wyckoff Insider reported that SHIB has closed within a high-volume zone, signaling renewed buyer interest. The analyst noted that if support holds, potential upside targets are $0.000022107 and $0.000039005.
Analyst Joe Swanson also expects a 70% rally toward $0.00002150 if SHIB breaks above the $0.00001715 neckline, supported by continued whale accumulation.
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