Recent trends surrounding Shiba Inu (SHIB) indicate significant market shifts. MACD analysis has revealed a strong bullish divergence, suggesting potential price growth.
What Is a Bullish Divergence and Why It Matters
SHIB has flashed a strong bullish divergence on its MACD, indicating the price of the asset has hit new lows while the MACD did not follow suit. This condition traditionally points to a potential price reversal, with analysts predicting a powerful breakout targeted around $0.000032, representing a possible 180% upside from current levels.
Technical Signals Align for a Breakout
The MACD crossover, where the MACD line moves above the signal line, confirms the bullish divergence. This typically signifies that buying pressure is increasing. Additionally, SHIB has started forming higher lows on the daily chart, which is another positive sign. If the price breaks key resistance levels around $0.000016 to $0.000020, momentum could quickly carry it toward the $0.000032 mark.
Market Sentiment and On-Chain Support
Beyond the technicals, SHIB is also showing strong on-chain activity. Accumulation by long-term holders has increased, and token burns are accelerating. These factors often strengthen a bullish case. Additionally, trading volume has picked up, and capital inflow indicators have turned positive, suggesting more buyers are entering the market. Combined, these signs reinforce the view that SHIB could be entering the early stages of a larger trend reversal.
Given the current technical signals and positive market activity, SHIB has significant growth potential. Investors are closely monitoring the situation.
