A new bearish signal flashes for Shiba Inu, but here’s when the meme coin could finally bottom and start a much-needed price uptrend.
Shiba Inu flashed a bearish signal on the second day of December, recent price analysis confirmed. Specifically, a bearish cross occurred on the 4-hour timeframe, as the 50-period simple moving average (SMA) moved above the 23-period SMA, signaling another bearish bias for the meme coin.
Shiba Inu Death Cross
More Shiba Inu Correction?
Shiba Inu has been well within bearish territory for the greater part of this year. Notably, it has dropped 58% since the start of the year and 73.6% from its December 2024 high of $0.00003343.
Despite its 5.3% bounce since December 1, SHIB has recorded four consecutive red monthly candlesticks and six bearish candles of the last seven months, reinforcing the strong bearish momentum.
The recent bearish cross further adds to skepticism around the asset’s near-term price trend. The token has already retraced 7% from its high of $0.00000952 on December 3 to its current market price of $0.00000881 and could go lower according to indications from the bearish cross.
How Low Can SHIB Go?
Notably, if bearish trends persist, Shiba Inu could drop further. How low? A recent analysis shows it could retest the support at $0.00000680. The level aligns with its October 10 low on Binance, representing a 22.8% drop from the current market price.
An outlook from MMBTrader also supports this target. He highlighted the $0.0000060 support as a crucial weekly support for Shiba Inu, asserting it will rebound by 1,188% from the low to $0.0000773 if it holds.
However, retracing to this support depends on the broader market trend. If Bitcoin regains bullish momentum and surges higher, SHIB will likely follow suit.
When to Expect a Shiba Inu Rebound
According to prediction firm CoinCodex, Shiba Inu’s downtrend would not exceed this year. The platform predicted that Shiba Inu would trade at $0.00001029 by January 3, 2026, a 16.8% growth in one month.
CoinCodex expects this recovery to be gradual, setting a year-end target of $0.000009992 before removing one zero from its price by next year. Meanwhile, Changelly data shares a similar outlook, predicting an average price of $0.0000101 by January 2026.
BlackRock says the United States’ ballooning national debt may strengthen institutional interest in Bitcoin, especially as traditional hedges lose appeal amid rising fiscal pressures.
The world’s largest asset manager argues that the mounting debt load is prompting investors to reassess how they protect long-term value.
Notably, U.S. federal debt has now surpassed $38 trillion, and government projections show continued increases.
BlackRock notes that this expanding imbalance between spending and revenue is putting pressure on established risk-management tools. The firm emphasizes that under these circumstances, investors may seek new ways to preserve value during periods of volatility.
Bitcoin, BlackRock suggests, could benefit from this shift as institutions reconsider their defensive strategies.
BlackRock’s 2026 Outlook Predicts Broader Crypto Integration
The view is presented in BlackRock’s 2026 Global Outlook, which outlines a cautious yet constructive stance on digital assets.
The report states that traditional hedges are losing reliability amid mounting fiscal pressures, increasing the appeal of Bitcoin as a complementary asset.
Additionally, BlackRock expects market fragility, combined with investor demand for diversification, to support the adoption of cryptocurrencies.
Stablecoins Emerge as a Bridge Between Traditional and Digital Finance
Beyond Bitcoin, BlackRock highlights the growing role of stablecoins in worldwide payments. The firm states that stablecoins are now influencing essential financial functions, including cross-border transactions and digital liquidity flows.
This evolution, in turn, is helping traditional institutions interact more easily with digital markets.
Samara Cohen, BlackRock’s global head of market development, says stablecoins are becoming a practical link between established finance and emerging digital systems.
Tokenization Gains Traction Across Institutional Markets
As reported earlier, BlackRock also recently highlighted tokenization as a key trend shaping the future of financial infrastructure.
CEO Larry Fink admits the firm initially underestimated the impact of tokenization. However, he now appreciates how it can expand access to investment and speed up settlements.
Fink, along with his colleague Rob Goldstein, compares the current stage of tokenization to the early internet era, emphasizing its long-term potential.
Both executives stress that tokenized assets will grow alongside existing financial systems rather than replace them.
Dogecoin faces rejection at the middle Bollinger Band, but the meme coin’s TD Sequential signals a potential buying opportunity.
Dogecoin (DOGE) has dropped by 0.6% in the past 24 hours, currently priced at $0.1496. Notably, its daily trading range falls between $0.1478 and $0.1529. Despite this lack of movement in the short term, its 24-hour trading volume stands at $1.31 billion. This indicates sustained interest in the asset.
Looking at its performance over the past week, Dogecoin has seen a decline of 2.3%, reflecting the broader market trend. Over the past two weeks, the coin’s performance has been similarly underwhelming, with a 4.6% decrease. This performance, happening at a time when the broader market is attempting a recovery, leaves traders with mixed sentiments. Will Dogecoin recover and target higher?
Dogecoin Price Analysis
Notably, the Dogecoin chart from TradingView presents several key technical indicators that suggest the current market sentiment is indecisive. The chart includes Bollinger Bands, which indicate relatively low volatility, as the bands have contracted. This narrowing suggests that Dogecoin may break out or continue consolidating.
Dogecoin 1-Day Price Chart
The price is currently heading toward the lower Bollinger Band ($0.13668), which acts as a support level, while the upper Bollinger Band ($0.16367) serves as the immediate resistance. If Dogecoin fails to hold at the current support level, the next area to watch would be around $0.13, where previous price action indicates a potential bounce.
In addition to the Bollinger Bands, the RSI (Relative Strength Index) sits at 44.93, just below the neutral 50 level. This suggests that neither buyers nor sellers have pushed the market into an overbought or oversold condition, typically signaling indecision.
Investors should watch the RSI’s movement closely, as a drop below 30 could indicate oversold conditions and a potential reversal to the upside, while a rise above 50 would indicate increasing bullish momentum.
TD Sequential Says Buy
Meanwhile, in a weekly chart shared on X, veteran analyst Ali Martinez called attention to the TD Sequential indicator, used to predict potential price exhaustion points and reversals.
DOGEUSD 1-Week Chart
The key signal here is the “S13” label, which indicates a Sequential Setup 13, signaling a possible buying opportunity based on the TD Sequential method. The 9 label further reinforces this buy signal.
Also, Trader Tardigrade’s chart on Dogecoin highlights a key technical pattern that could signal a significant reversal in price.
Specifically, the analyst points out the formation of a Dragonfly Doji, a bullish reversal candlestick pattern that forms after a downtrend. This shows buyers stepping in at lower levels and driving the price back toward the candle’s upper range, hinting at growing bullish momentum.
This pattern has appeared at a crucial support at $0.15 level that aligns with a long-term uptrend trendline. Looking ahead, Trader Tardigrade forecasts a potential run-up to $1, marking a 611.80% gain from that support.
Cameron Scrubs, founder of Tradeship University, has doubled down on his long-running bullish stance on XRP.
In a new post on X, Scrubs urged investors to “buy XRP” and “stop focusing on any other crypto coins.” To him, other crypto assets “don’t matter.”
This latest remark adds to his history of bold predictions and high-conviction statements about XRP’s future.
XRP-Only Thesis
Cameron Scrubs has built a reputation for making sweeping forecasts about XRP’s long-term position in the crypto market. In recent months, he predicted that XRP would become the world’s number-one cryptocurrency, surpassing both Bitcoin and Ethereum.
His new message, which dismisses all other crypto assets, marks one of his most direct appeals yet for exclusive focus on XRP.
“Sell Everything and Buy XRP”
Scrubs’ latest comment follows earlier viral posts in which he urged followers to “sell everything” and buy XRP. That call sparked a chain reaction across X, drawing reactions from even industry figures.
In November, Solana manager Vibhu Norby joined the discussion with satire, joking that investors should “sell their house, kids” to buy XRP.
Despite the humor, many in the XRP community genuinely believe the asset could reshape the global crypto landscape, fueling aggressive calls to buy.
Why the Conviction Keeps Growing
Scrubs’ confidence builds on sentiment fueled by several major developments. At Ripple Swell in November, the company announced a $500 million funding round from major institutions, including Pantera Capital, Galaxy Digital, Brevan Howard, and Fortress.
Ripple CEO Brad Garlinghouse said the raise reflects long-term belief in a business “built on the foundation of XRP.”
Moreover, Ripple’s recent partnerships have also boosted community confidence, including:
Ripple + Mastercard collaboration: Using RLUSD on XRPL for fiat settlement
Ripple Prime: Planning to integrate XRP for collateral and settlement
These moves support XRP’s role in global financial rails. Meanwhile, ETFs are now adding further momentum.
Ripple CEO: “We Are Still Early”
As of today, XRP ETFs have secured over $900 million in assets, approaching the $1 billion mark. For Ripple CEO Brad Garlinghouse, this is just the beginning. He said crypto ETFs account for only 1–2% of the global ETF market.
Garlinghouse highlighted that $700 million flowed into XRP ETFs in weeks as they allow investors exposure without self-custody. A key catalyst has been Vanguard, which recently listed XRP spot ETFs after years of rejecting crypto.
Specifically, XRP ETFs now hold $906 million in assets, with $874 million in net inflows over 14 trading days and zero outflows. Major contributions came from Canary Capital, Franklin Templeton, Grayscale, and Bitwise.
XRP Above All?
It’s these bullish factors that are fueling aggressive statements from XRP commentators like Scrubs. While many earlier 2025 XRP price predictions have already gone unfulfilled, hopes for what XRP could achieve in 2026 have gained significant momentum.
This contributes to why Scrubs dismisses other assets entirely, though critics argue that diversification remains paramount in all investment decisions.
“This is not a wise move. You will need other cryptos to convert to for certain projects,” one X user commented on Scrubs’ tweet.
ummm, no. As part of the Army, this is not a wise move. Diversification….You will need other cryptos to convert to for certain projects. Each token has a different function in the blockchain universe. Still, XRP should be your highest bag.
Cardano faces key resistance at the 23.6% Fibonacci level, requiring bullish momentum to break this level for further upside potential.
Cardano (ADA) has experienced a moderate positive movement, currently trading for $0.449, reflecting a 0.9% increase over the past 24 hours. Its daily trading range has been between $0.4296 and $0.4529, showing a steady fluctuation and indicating moderate volatility.
In terms of performance over the last week, Cardano has seen a more notable improvement of 3.2%, which suggests a stronger recovery compared to the broader market. Looking at the past 14 days, ADA has declined 3.8%, reflecting the hardship on the longer timeframes.
This modest uptick in price highlights Cardano’s stability within the market, with its market cap standing at approximately $16.4 billion and a 24-hour trading volume of $975 million. Despite a relatively quiet performance in the larger crypto market, ADA’s recent price action suggests it may be positioning itself for further upside.
Cardano Price Analysis
Specifically, ADA is currently testing key levels of support and resistance, as the daily chart shows with Fibonacci retracement levels. The price sits slightly below the 23.6% Fibonacci retracement level at $0.4597, which acts as an immediate resistance.
Yesterday, December 3, the bulls attempted to break this liquidity zone but faced a roadblock at $0.455. The recent price action shows the bulls struggling to break through this level, which has resulted in a slight pullback.
Cardano 1-Day Price Chart
The next level of resistance is at the 38.2% Fibonacci retracement level around $0.5044, which marks a significant area to breach for any potential continuation to the upside. On the downside, if Cardano fails to hold at the current level and falls below the 0 Fibonacci level at $0.39, the price could test levels like $0.35.
The MACD indicator at the bottom of the chart shows some positive momentum, with a slight increase in green bars, indicating potential bullish sentiment. However, further confirmation from the price action may be necessary before a decisive move occurs.
Cardano Liquidation Overview
The liquidation data for Cardano provides a snapshot of the current leverage positions and the liquidation pressures in the market. Notably, over the past 24 hours, a total of $1.24 million in Cardano positions faced liquidation, with the majority of the liquidation occurring in long positions ($702.52K).
Cardano Liquidation Chart
This indicates that many traders who were betting on an upward price movement are facing significant losses as ADA fails to maintain its momentum. In contrast, short positions accounted for $535.37K of the liquidations, indicating that bearish traders are also witnessing some pressure.
On shorter time frames, the liquidations are also notable. Over the past 12 hours, nearly $495K in total liquidations occurred, with $270.98K from short positions and $224.01K from long positions. The outcome of these competing pressures will likely dictate whether Cardano heads towards a bullish breakout or a deeper retracement.
An XRP community pundit stressed that XRP rarely makes small moves when its supply tightens, and current market data suggests that supply is tightening now.
The Next XRP Move
Market commentator XFinanceBull said this while speaking on disclosures surrounding XRP’s available supply from Mullen, another community figure. For context, despite the ongoing price struggles that have kept XRP below the $2.2 mark, data shows that the XRP supply may be shrinking considerably.
After reviewing the current market data as well as Mullen’s disclosures, XFinanceBull emphasized that XRP rarely makes small moves when supply dries up.
XFinanceBull on X
He said tightening rich-list concentrations and shrinking exchange balances usually lead to strong market swings. He believes XRP now sits in one of those moments, and expects the broader public to understand the full impact only after the next major move plays out.
Declining XRP Exchange Supply
For context, Mullen had explained on X that fresh on-chain data showed one of the sharpest and most coordinated drops in XRP balances across major exchanges.
He noted that Upbit lost 6.22 billion XRP, Binance saw 2.56 billion XRP move out, and Bithumb recorded a decline of 1.77 billion XRP.However, this may not be completely accurate, as the data suggests Upbit lost more XRP than it holds in balance.
He added that Uphold, eToro, Bybit, and Bitbank each saw their balances fall by about half. According to him, these steep reductions point to users withdrawing their funds, shifting to self-custody, or exchanges reorganizing wallets and cold storage. He also suggested that the market could be going through a large on-chain reshuffle.
However, Mullen pointed out a few exceptions. For instance, Evernorth, the XRP treasury firm, increased its balance by 13.36%. Also, Coincheck gained 550 million XRP, which marked a 37,746% rise, and OKX posted an unusual 10,107% jump, which could be due to a possible wallet reclassification.
Meanwhile, Coinbase’s XRP balance has dropped 99.97% since February, and KuCoin, Paribu, and SwissBirg have all seen their balances fall to zero.
Mullen said the combined balance across all tracked exchanges now stands at 15.86 billion XRP, down 6.5 billion XRP, or 29.07%, since February. He suggested that this sharp contraction shows that XRP liquidity is going through a major shift. Nonetheless, this remains unconfirmed.
XRP Rich List Shows Mixed Flows
In a follow-up update, the market pundit called attention to similarly bullish indicators from the XRP rich list. He reported that the top 10,000 wallets now hold more than 51.39 billion XRP, and noted that fresh whale activity continues to show growing interest.
According to him, 78 new accounts picked up more than 77 million XRP in one day, while 246 existing wallets added another 17.9 million XRP. At the same time, 78 large wallets emptied their balances and released more than 108 million XRP back into the market.
Mullen said this movement shows rotation among major holders rather than an exit, and he believes large investors are quietly adjusting their positions before a major market move.
In addition to this, ETF inflows have added even more pressure on supply.XRP ETFs recently became the second fastest, behind Bitcoin, to pass $800 million in net inflows. Current data shows the active products now hold $874.28 million in inflows since Nov. 13, equal to more than 401 million XRP at the current price of $2.18.
Following its double-digit gains in recent days, Shiba Inu has moved closer to removing the fifth zero from its price.
After a largely lackluster performance in November, Shiba Inu has started showing modest gains in the past few days. As of December 3, the token reached a daily high of $0.000009463, marking a 21.83% increase from its November 23 low of $0.000007767.
The token’s advance came during a period when overall market sentiment swung between fear and extreme fear. Last week, the Fear and Greed Index, which gauges crypto investor sentiment, plunged to 15. Even in this environment, Shiba Inu continued to post steady, incremental gains, ultimately securing a 21% rise within 10 days.
Shiba Inu on The Road to $0.00001?
Notably, Shiba Inu has retraced to $0.00000883 from its December 3 peak of $0.000009463. Yet, its recent surge has fueled optimism that the token could be preparing to delete a zero and rebound above $0.00001.
For context, SHIB added a fifth zero on November 11, 2025, and has traded below that level for the past three weeks. It even dropped to a multi-week low $0.000007581 on November 22 before rebounding to $0.00000883, where it currently trades.
To reclaim $0.00001, Shiba Inu needs a 13.25% increase from its current price of $0.00000883. This growth requirement indicates the target remains within reasonable reach, as Shiba Inu has registered significant rallies in the past, including in December, when it spiked to $0.000033.
Moreover, anticipation of a potential Federal Reserve interest rate cut this month could support a stronger market-wide rally, benefiting Shiba Inu as well.
Bank of America recently projected that the Fed may lower rates by 25 basis points, a move that often boosts the price of risk assets like Bitcoin and Shiba Inu.
Bullish Sentiment for SHIB
In the meantime, community analysts remain optimistic that Shiba Inu is preparing for a major rebound. Pseudonymous analyst Shib Knight noted that retail buyers are gradually returning to SHIB. He suggested that their renewed interest could set the stage for a bullish week.
Likewise, market watcher Meme Whale predicted that Shiba Inu will not only rebound to $0.00001 but could eventually surge into the $0.001 to $0.01 range by April 2026.
Despite these bold projections, caution remains essential. Macroeconomic events have repeatedly derailed recovery attempts in recent months, and similar disruptions could once again hinder SHIB’s momentum.
While the passage of the United States’ first federal stablecoin law has opened a new chapter for digital assets, it has also highlighted disagreements on Wall Street.
Major institutions are now debating whether the GENIUS Act will strengthen demand for the U.S. dollar and draw new buyers into the short-term Treasury market, or leave broader financial dynamics largely unchanged.
Wall Street Banks Question Whether Stablecoins Will Move Markets
The GENIUS Act, signed on July 18, 2025, introduces a unified federal framework for stablecoin issuers. Its arrival has prompted Wall Street banks to reassess how the market may evolve over the next several years.
Strategists at JPMorgan, Deutsche Bank, and Goldman Sachs remain cautious. Specifically, they argue that stablecoins remain too small to drive meaningful changes in global dollar flows or in Treasury purchases. Therefore, in their view, expectations of a structural shift are premature at this stage.
However, their caution contrasts with the outlook from U.S. Treasury Secretary Scott Bessent, who predicts sharp expansion. He expects the stablecoin market to grow from $300 billion today to $3 trillion by 2030. Indeed, such growth, he argues, could lift demand for Treasury bills as issuers build larger reserve portfolios.
Nevertheless, not everyone is convinced. Critics note that stablecoin backing largely comes from existing pools like money market funds, bank deposits, cash, and offshore dollars. They warn that this pattern suggests a reshuffling of current Treasury holders rather than an influx of new investors.
Interest Ban Weakens Investor Incentives
Notably, a central provision of the law highlights these concerns. The GENIUS Act bans issuers from paying interest on their tokens, thereby limiting the appeal for yield-seeking investors.
With traditional savings products offering higher returns, Wall Street analysts say stablecoins lack the incentive to attract new capital. This dynamic strengthens the argument that any increase in Treasury purchases will likely come from repositioning, rather than from genuine new demand.
Regulators Face Tight Rulemaking Deadlines
While market analysts debate the long-term impact, federal agencies are focused on execution. Currently, implementation sits under a strict timeline, and lawmakers want to ensure momentum does not stall.
During a House Financial Services Committee hearing on Tuesday, Rep. Bryan Steil pressed regulators for updates. He warned that the one-year deadline for final rules is approaching and cited past examples where regulatory delays slowed major legislation.
Under the GENIUS Act, agencies must complete all implementing rules by July 18, 2026. The framework becomes effective on January 18, 2027, or 120 days after the final rule is issued, whichever comes first. This timeline is now shaping the pace of internal work across multiple agencies.
Regulators say they are working to stay on schedule. NCUA Chairman Kyle Hauptman emphasized that the agency’s first proposal will focus on the issuer application process. He noted that all participating agencies understand the seriousness of the deadline.
FDIC Acting Chair Travis Hill offered a parallel timeline. He said the FDIC’s first proposal will be released later this month and will address application requirements for FDIC-supervised issuers.
Subsequently, a second proposal, planned for early next year, will cover capital, liquidity, and reserve standards for bank-issued stablecoins.
Leaders from the Federal Reserve, the Office of the Comptroller of the Currency, and the National Credit Union Administration also joined the hearing, signaling the broad regulatory effort now underway.
Law Creates First Nationwide Standards for Issuers
Beyond timing, the Act introduces the first uniform federal requirements for stablecoin issuers. Tokens must maintain one-to-one backing with U.S. dollars or high-quality liquid assets. Issuers with a market capitalization above $50 billion are required to undergo annual audits.
In addition, the law extends federal oversight to stablecoins issued by foreign entities, providing a clearer supervisory structure for offshore projects at a time when global stablecoin activity is growing.
Michael Saylor’s Bitcoin-focused firm, Strategy, has created a major U.S. dollar reserve amid weakening market sentiment.
The company set aside $1.44 billion to cover dividend and debt obligations, marking a notable shift toward stronger liquidity amid rising Bitcoin volatility.
Strategy Establishes Major USD Buffer
The reserve, funded through Strategy’s recent MSTR at-the-market share issuance, is designed to provide stability during uncertain conditions. It currently covers at least a year of dividend payments. Moreover, the company plans to expand it further, aiming for a buffer that protects up to 24 months of future commitments.
In a Wednesday report, on-chain analytics firm CryptoQuant interpreted the move as a signal that Strategy expects challenging market conditions ahead. The firm said the targeted 24-month reserve suggests expectations of limited price strength or even downward pressure on Bitcoin over an extended period.
CryptoQuant also noted that capital markets may be less supportive of new equity issuance, which Strategy relied on heavily in past cycles. This shift, the firm said, reflects a more conservative posture as the company prepares for potential turbulence.
Transition Toward a Dual-Reserve Strategy
With the new USD buffer, Strategy now operates with both cash and Bitcoin reserves. CryptoQuant emphasized that this approach lowers the risk of forced Bitcoin sales during steep market declines.
The firm characterized this as a significant departure from Strategy’s earlier playbook, which relied on equity and convertible debt to purchase more Bitcoin from 2020 through late 2025. Therefore, the updated strategy indicates that the firm is emphasizing stability over rapid growth.
Implications for Bitcoin Market Demand
The slowdown in Bitcoin accumulation has broader market implications. Specifically, CryptoQuant said reduced Bitcoin purchases may weaken a demand channel that helped drive earlier bull markets.
However, the larger cash reserve and new hedging tools also lower the risk of forced liquidation, which could help maintain long-term market stability.
According to CryptoQuant, Strategy now accepts that protecting its Bitcoin stack requires flexibility. This includes maintaining cash buffers, employing derivatives as necessary, and considering selective sales only in severe stress scenarios.
Strategy’s Bitcoin Buying Declines Sharply in 2025
This strategic shift is reflected in Strategy’s recent purchase activity. CryptoQuant reported that monthly buying plunged from 134,000 BTC in November 2024 to 9,100 BTC in November 2025.
Moreover, the firm has added only 135 BTC so far in December, signaling a significant retreat from its previous pace. This period of deceleration aligns with the year’s most pronounced decrease in Bitcoin’s value.
MicroStrategy Bitcoin Accumulation
For context, Bitcoin registered a new all-time high of $126,080 on October 6. Since then, the world’s largest cryptocurrency has erased over 25% of its value. As of press time, Bitcoin is trading at $93,051, down 17% over the past three months, according to CoinGecko.
Bearish Indicators Strengthen Across the Market
CryptoQuant noted that several major on-chain and technical signals now signal the onset of a bearish phase. For instance, its Bull Score Index has now dropped to zero, a threshold last recorded in early 2022, underscoring the intensity of the current downturn.
Julio Moreno, the firm’s head of research, forecasts Bitcoin may trade between $70,000 and $55,000 next year if bearish conditions persist. He added that Strategy’s new reserve slightly increases the probability of Bitcoin sales, though it remains a last resort. In his view, derivatives would be tapped first to protect the company’s holdings.
Mizuho Maintains Positive Outlook for MSTR
Despite market weakness, Mizuho Securities reaffirmed its ‘Outperform’ rating on Strategy stock (MSTR) and maintained its $484 price target. The bank issued its view following the announcement of the Strategy’s reserve and after hosting an investor Q&A with CFO Andrew Kang.
Kang told Mizuho that the USD reserve is strictly a liquidity tool and not a signal of imminent Bitcoin sales. He noted that Strategy will expand the buffer when its multiple-to-net-asset value (mNAV) exceeds 1, thereby allowing the company to capitalize on favorable conditions.
He also said that the Strategy can sustain operations for more than three years at the current Bitcoin price of around $93,000.
Furthermore, Mizuho added that Bitcoin sales would occur only if the company’s valuation remains depressed for a long period. Overall, the reserve gives Strategy room to navigate an extended downturn without pressure to liquidate assets.
Market expert Javon Marks has persisted in his prediction that Shiba Inu would see much higher prices amid bullish divergence.
Marks reiterated this Shiba Inu price prediction in his recent commentary, even as the prominent meme coin shows signs of life. SHIB has built on its green weekly candle last week, with the over 5% gain since Monday aligning with the broader market trend.
The meme coin rallied to a weekly high of $0.00000952 on Thursday, up 26% from its mid-November low of $0.00000755. However, SHIB has pulled back slightly, trading at $0.0000882 at the time of writing.
Shiba Inu Continues in Bullish Divergence Path
Meanwhile, Marks noted that Shiba Inu has continued to follow a bullish pattern. The meme coin has maintained a bullish divergence on the 3-day chart, and the analyst insists this development will spur a recovery.
Specifically, since early July 2024, the meme coin’s price has made lower lows, while its relative strength index (RSI) has been in a higher low trend.
Shiba Inu Bullish Divergence
SHIB completed a lower low formation with its bottom of $0.0000126 in July 2024 and made a lower high to $0.0000334 in December 2024 before continuing to make new lows. However, its RSI has sustained an upward trend with higher lows since then.
SHIB on Course for 234% Rally
Notably, such bullish divergence usually precedes a price recovery. It shows that bears are losing their grip on the market, and downward momentum is nearing exhaustion.
While this price pattern has persisted for over a year now, Marks has remained unmoved in its ability to drive bullish price action for Shiba Inu. His Wednesday outlook builds on an October 2 analysis, where he also predicted a rebound for the dog-themed meme coin.
Mark’s target remains the same: a 234% recovery at the time of his Wednesday analysis to $0.000032. However, with SHIB correcting further at press time, this represents a 262.8% growth from the current market price.
Shiba Inu to $0.00003+
Remarkably, several other analysts share the view that Shiba Inu will soon reclaim $0.00003. One of those with this view is GehavianGoal, who stated that the token will “fly soon.” He predicted a rally to $0.0000335, a 2780% increase from here.
MMBTrader also sees this occurring, predicting a price jump to $0.000033 for Shiba Inu. However, a separate report highlighted that this recovery hinges primarily on the broader market trend and the token’s adoption.
