Shiba Inu Poised for 215% Surge, Set For Major Price Upsurge Ahead
- Shiba Inus Hidden Bullish Divergence suggests a potential 215% rally, with $0.000081 as a key breakout target.
- A 3X return on Shiba Inu may be on the horizon as the token shows strong signs of upward momentum.
- SHIBs price could soar past $0.000081 if it breaks key resistance, signaling the start of a major rally.
Javon Marks has suggests that the SHIB token could be preparing to surge. In a recent post on X, Marks pointed out that the Shiba Inu will most probably regain its value and hit the 162% gain in the past several months. This has been supported by a Hidden Bullish Divergence which indicates possibility of price movement.
A recent analysis shows that the Hidden Bullish Divergence suggests that SHIB could climb more than 75% beyond its 2024 highs to launch a larger advance. The analyst also believes that there will be a 215% rise and the first major level is at $0.000081. This level is a key level that could lead to further increase in the price of SHIB in the coming few weeks.
Shiba Inus Breakout Potential
The Hidden Bullish Divergence is a technical type of analysis that suggests bullish market strength when an assets price is making lower lows. At the same time, the Relative Strength Index (RSI) made higher lows.
From this divergence, one can conclude that the asset is in the process of a reversal since there is still an increase in buying pressure as the asset price is still going on with the consolidation zone. Such a restatement pattern culminates to a very strong bullish breakout for SHIB.
Those holding SHIB or contemplating doing so should monitor the market as the token may soon experience further fluctuations. If SHIB is able to break past $0.000081 then it could possibly soar even further past this point.
Shiba Inus 3X Potential
Shiba Inu is clearly attracting more investors in search of the next major cryptocurrency since a 3X potential return on investment is becoming more and more realistic. At the time of writing, Shiba Inu is at $0.00002414, which is a 8.43% fall in the last 24 hours.
Source: TradingView
Shiba Inu has also recently displayed robustness, hence if you are in the crypto market, there is every reason to expect the price of Shiba Inu to hit the roof in the near future. The SHIB investors should be cautious and vigilant since the token is likely to continue with the current rally and hit new highs.
Read more: https://www.tronweekly.com/shiba-inu-poised-for-215-surge-set-for-major/
Text source: TronWeekly
