Javon Marks of Crypto Analyst has identified a technical pattern on the Shiba Inu price chart which may portend an imminent rally. A “Hidden Bull Divergence,” suggests Shiba Inu could soar by up to 330% as they reach new highs.
What the Hidden Bull Divergence Means for SHIB
On October 22nd, Marks noticed a Hidden Bull Divergence on Shiba Inu’s chart which indicated potential price increases regardless of market trends. Based on this pattern, he predicted significant price surge for SHIB that may reach $0.000081; representing quadruple increase from its current valuation.
Marks remains hopeful about SHIB despite recent price volatility, projecting that its initial climb towards $0.00008 by 2025 will increase to an ambitious target of $0.0001553 before its all-time high is possibly reached.
Shiba Inu currently trades at $.00001775, showing slight price decrease over the last day and week. Marks believes that Hidden Bull Divergence could trigger a substantial price rally in Shiba Inu’s stock.
Indications of a Shiba Inu Price Rebound
Shiba Inu may be on its way to breaking free of key resistance levels, signaling possible new highs. Another analyst known as ‘Flatleak’ on X has noted signs of recovery since recent lows; with Shiba Inu showing promising signs of rebound in recent weeks. Furthermore, an indication from the TD sequential of weakening downward pressures suggests Shiba Inu could soon see its price recoup its losses and establish new highs.
Flatleak predicts that Shiba Inu could reach $0.000022 as its next bullish target, reinforcing an optimistic outlook for its near-term performance.
