Shiba Inu Shows Bullish Divergence: a Potential +100% Move Ahead

Bullish divergence indicates a potential reversal and price surge.

RSI breakout shows increasing buying pressure and upward momentum.

Shiba Inu could reach $0.00003, a potential +100% growth from current price.

Shiba Inu has begun to react positively to a significant bullish divergence. This trend signals a probable full recovery and a possible continuation toward the $0.00003 range. The cryptocurrency's price action implies a potential for a nearly 100% growth, drawing the attention of market analysts.

Bullish Divergence Signals Potential Reversal

This pattern occurs when the price of an asset falls to a new low, while RSI rises. This design generally signals that the downward momentum is draining, and a price reversal could be coming. In the case of Shiba Inu, the recent price movement integrated with a bullish divergence indicates that the asset may be on the brink of a substantial price increase.

According to analysis prepared by Javon Marks, Shiba Inu price data suggests a strong decline from the peak, with clear lower highs marked by the red trendline. The corresponding volume and momentum indicators at the bottom show decreasing momentum in the downtrend. However, a change in momentum is evident in the current price movement. The Relative Strength Index (RSI) indicates that momentum is shifting upwards as it breaks above its prior levels, indicating potential bullish movement.

Source: Javon Marks

The current upward movement in price corresponds with a break in the RSI trendline. The breakout on the RSI chart shows an increase in buying pressure. This shift could signal the start of a reversal in the bearish trend, though more time is needed to confirm this. The chart illustrates the price movement followed by the sharp increase in buying volume, suggesting rising market interest

Full Recovery and Continuation: What’s Next for Shiba Inu?

If the digital asset holds its current course, it could resume to build on the bullish momentum, leading to a probable price action into the $0.00003 range. This level would mark a close to 100% increase from its current price, making it an attractive mark for those observing the cryptocurrency's price motion.

The positive view shown by bullish divergence exists despite the well-known volatility that affects cryptocurrency markets through sudden price changes. Shiba Inu could start recovering according to current technical indicators, yet outside circumstances and market elements might potentially alter its price

The technical setup creates a potentially lucrative opportunity to determine the expected full recovery outcome. Current technical indicators signal that Shiba Inu might surge by +100% after diverging to bring prices back to $0.00003