Bitrabo Editorial
The chart for Shiba Inu is showing a new significant technical signal that hints at a potential price rise. Analyst Javon Marks believes this pattern, known as “Hidden Bull Divergence,” could lead to an impressive 330% increase in value.
Positive Signals from SHIB’s Hidden Bull Divergence
On Tuesday, October 22, Marks shared his insights on X (previously Twitter), noting the emergence of a promising technical signal in Shiba Inu’s price chart. He indicated that SHIB has demonstrated a Hidden Bull Divergence, a crucial indicator that suggests price surges can happen even amidst unfavorable market trends.
Based on his analysis, Marks suggests SHIB could soon experience a significant surge in price, aiming for a target of around $0.000081. He emphasizes that the meme coin could rise by up to 330%, potentially quadrupling in value in the near future.
Despite recent price volatility for Shiba Inu, Marks is optimistic about the future price trajectory of the coin. He believes that the market is in the initial stages of this anticipated price rise, forecasting SHIB could reach $0.00008 by 2025.
Marks backs this timeline with charts illustrating the Hidden Bull Divergence within SHIB’s price patterns. He has also identified a higher target of $0.0001553 for SHIB, indicating that a continuing rally could propel the coin into new record price territories.
Currently, the price of Shiba Inu is at $0.00001775, reflecting a decline of 1% in the past 24 hours and a 2.07% drop over the last week. Notwithstanding the downward pressure on SHIB’s price, Marks remains hopeful that a favorable reaction to the Hidden Bull Divergence could set the stage for upward price movement.
Confirmation of Shiba Inu Price Rebound
In the midst of market volatility, Shiba Inu is making efforts to break through significant resistance levels in pursuit of new highs. A crypto analyst known as ‘Flatleak’ has pointed out that SHIB is showing indicators of a potential rebound from its recent lows.
While currently priced at $0.000017, Flatleak noted that Shiba Inu has displayed signs of recovery over recent weeks. The analyst highlighted important indicators suggesting improvements, including a buy signal from the SHIB TD sequential, indicating that selling pressure might be weakening.
Additionally, growing interest among retail investors, along with strong community support, continues to bolster its price. Given these positive trends, the analyst forecasts that Shiba Inu’s next goal will be $0.000022.