- Shiba Inu’s hidden bullish divergence suggests a potential 215% rally, with $0.000081 as a key breakout target.
- A 3X yield on Shiba Inu could be on the horizon as the token shows strong signs of upward momentum.
- SHIB price could surpass $0.000081 if it breaks key resistance, signaling the start of a major rally.
Javon Marks suggested that the SHIB token could be preparing to rise. In a recent article on This was supported by a hidden bullish divergence which indicates the possibility of price movement.
Recent analysis shows that hidden bullish divergence suggests SHIB could surge over 75% beyond its 2024 highs to initiate a larger advance. The analyst also believes that there will be an upside of 215% and the first major level will be at $0.000081. This level is a key level that could lead to further increase in SHIB price in the coming weeks.
Shiba Inu Escape Potential
Hidden bullish divergence is a type of technical analysis that suggests bullish market strength when an asset’s price makes new lows. At the same time, the Relative Strength Index (RSI) made higher lows.
From this divergence, we can conclude that the asset is reversing since there is still an increase in buying pressure as the price of the asset continues with the consolidation zone. Such a restatement pattern culminates with a very strong bullish breakout for SHIB.
Those who hold SHIB or considering doing so should monitor the market as the token may experience further fluctuations soon. If SHIB is able to break above $0.000081, then it could soar even further beyond this point.
The 3X potential of the Shiba Inu
Shiba Inu is clearly attracting more and more investors looking for the next big thing cryptocurrency as a potential 3X return on investment becomes more and more realistic. At the time of writing this article, Shiba Inu is at $0.00002414a drop of 8.43% over the last 24 hours.
Source: TradingView
Shiba Inu has also shown strength recently, so if you are in the crypto market, there is every reason to expect the Shiba Inu price to hit the roof in the near future. SHIB investors should be careful and vigilant as the token is likely to continue the current rally and reach new highs.