Shiba Inu Shows 180% Upside Potential With Bullish MACD Divergence

Shiba Inu (SHIB) has exhibited a strong bullish divergence on its Moving Average Convergence Divergence (MACD) indicator, signaling a potential shift in momentum from bearish to bullish. This technical signal suggests that while SHIB’s price has recently hit lower lows, its MACD has not followed suit, indicating a possible price reversal. This divergence is fueling predictions of a significant breakout, with analysts targeting a price near $0.000032, which represents a potential 180% upside from current levels.

The MACD crossover, where the MACD line moves above the signal line, confirms the bullish divergence. This crossover is typically a sign of increasing buying pressure. Additionally, SHIB has started forming higher lows on its daily chart, another positive indicator. If the price manages to break through key resistance levels around $0.000016 to $0.000020, momentum could quickly propel it toward the $0.000032 mark.

Beyond the technical indicators, SHIB is also showing robust on-chain activity. Accumulation by long-term holders has increased, and the rate of token burns is accelerating. These factors often bolster a bullish outlook. Furthermore, capital inflow indicators have turned positive, suggesting that more buyers are entering the market. Combined, these signs support the view that SHIB could be in the early stages of a larger trend reversal.