the Shiba Inu The price chart is displaying a new major technical pattern indicating that a price rise could be imminent. According to cryptocurrency analyst, Javon Marks, this technical pattern called “Hidden Bull Divergence” indicates a potential 330% upside to new price highs.
SHIB Positive Reaction to Hidden Bullish Divergence
On Tuesday, October 22, Marks took to X (formerly Twitter). Discusses A new artistic pattern appears in the Shiba Inu price chart. According to the analyst, the Shiba Inu has displayed a hidden bull difference, A leading technical indicator that indicates future increases in cryptocurrency prices despite broader market conditions.
Following the trajectory of this crucial pattern, Marks suggests that SHIB may be on the right track The edge of a significant price rise. The analyst maintained a price target around the $0.000081 threshold for the Shiba Inu, highlighting that the popular meme coin could see its price rise up to 330% or 4X soon.
Although Significant fluctuations in the price of the Shiba Inu Recently, Marks has remained steadfast in his bullish outlook on the meme coin. He revealed that the market was currently in the early stages of this expected price increase, meaning SHIB could see its value rise to $0.00008 in 2025.
This timeline is verified by Mark’s chart which clearly shows hidden bull variation in Shiba Inu price movements. The analyst also set a higher target of around $0.0001553 for SHIB, suggesting a continued price rise could see… Coin meme give away zero And rising to its highest levels ever.
At the time of writing this report, Shiba Inu price It is trading at $0.00001775, seeing a 1% decline over the past 24 hours and another 2.07% decline over the past week. Although this is clear Bottom pressure Regarding the price of the Shiba Inu, Marks remains optimistic that if the Shiba Inu can provide a positive response to the new hidden market difference, the market should be prepared for a price increase.
Shiba Inu price recovery signals confirmed
Amid strong market fluctuations, the Shiba Inu continues to do so Try to break the main resistance To reach new highs. Cryptocurrency analyst identified as “Flatleak” on X open SHIB is showing signs of a rebound coming from its recent lows.
While it is currently priced at $0.000017, the analyst revealed that the Shiba Inu has Shows signs of rebound Over the past few weeks, several key indicators have come to light that confirm this narrative. Flatleak revealed that SHIB Sequential TD The buy indicator showed a buy signal, indicating that downward pressures may be losing momentum.
Furthermore, growing interest from retail investors along with its supportive community continues to support its price. Based on these positive developments, the analyst revealed that the next upside target for Shiba Inu will be $0.000022.
Featured image created with Dall.E, chart from Tradingview.com
Comments are closed, but trackbacks and pingbacks are open.