Shiba Inu (SHIB) appears to be gearing up for a powerful rally, with several top crypto analysts pointing to clear signs of a bullish reversal. A confirmed bullish divergence on the two-day chart and a recent breakout from a descending channel suggest that SHIB could see gains of up to 156%, potentially reaching $0.000032.
Bullish Divergence Confirms Trend Reversal Potential
Crypto analyst Javon Marks recently shared his bullish outlook for SHIB on X, highlighting a divergence between price action and the MACD (Moving Average Convergence Divergence) indicator. While SHIB has printed lower lows over the past year, the MACD has posted higher lows. This textbook bullish divergence typically signals weakening bearish pressure and an upcoming trend shift.
Marks initially identified this divergence earlier in 2024, and SHIB has since consolidated near the $0.000017 range. Despite the token’s current price of $0.00001269, a modest 4.4% daily increase, the setup indicates that SHIB may be regaining strength. Over the past week, SHIB has slipped by 2.42%, but analysts view this consolidation as part of a broader accumulation phase.
Related article: Shiba Inu Token Burn Rate Soars but Price Recovery Stalls
Targeting $0.000032: Could SHIB Soar 156%?
According to Marks, SHIB confirmed its bullish divergence near $0.0000125. From this level, the price could rally all the way to $0.000032, reflecting a potential 156% increase. If achieved, this would mark SHIB’s highest price level since March 2024, when it peaked above $0.000037.
This projection aligns with broader technical signals indicating a shift in sentiment.
Analyst Jonathan Carter added to the optimism, noting that SHIB has successfully broken out of a prolonged descending channel on the daily chart. The breakout, followed by consolidation near a historical support zone between $0.00001050 and $0.00001250, reinforces the view that bulls are quietly accumulating.
Carter highlighted several key resistance targets:
- $0.00001400
- $0.00001750
- $0.00002050
- $0.00002500
These levels represent possible checkpoints in SHIB’s climb, should buying momentum continue to build.
Whale Accumulation and Volume Zone Add to Bullish Outlook
Further strengthening the bullish case, Wyckoff Insider reported that SHIB has closed within a high-volume demand zone, which often signals renewed interest from buyers. If SHIB continues holding support at current levels, Wyckoff expects upside targets of $0.000022107 and $0.000039005.
Analyst Joe Swanson also weighed in, projecting a 70% price increase toward $0.00002150, provided SHIB can break above the $0.00001715 neckline. He attributes this potential rally to ongoing whale accumulation, suggesting smart money is positioning early.
Final Thoughts: SHIB Bulls Take the Wheel
As bullish divergence confirms, volume builds, and breakout levels hold, Shiba Inu appears to be entering a crucial turning point. If the memecoin can sustain momentum and overcome resistance levels, the stage is set for a powerful rally in the coming weeks. Traders and investors alike will be watching the $0.00001715 neckline and the $0.000032 target closely as SHIB attempts to reclaim its bullish glory.
