Get Ready: Shiba Inu is Poised for an 855% Boost as Discreet Bullish Divergence Indicates a Significant Rise
Market analyst Javon Marks is optimistic about Shiba Inu’s potential to reach new highs, citing a hidden bullish divergence. He previously predicted a rally to $0.000045 and now anticipates an even more significant upsurge based on promising technical indicators and favorable market conditions.
In his initial analysis in February, when Shiba Inu traded for $0.00001017, Marks identified a breakout pattern that led to a substantial price surge, reaching $0.000045. This breakout pattern aligned with previous instances of large price increases and signified a breakout from a downtrend channel.
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Marks’ recent report suggests the potential for another significant price increase, pointing to a hidden bullish divergence. Despite Shiba Inu giving up previous gains, Marks expects a return to the early March highs and sets a target of $0.000088598, representing an 855% upsurge.
Above data from IntoTheBlock indicates large whale buys of Shiba Inu, suggesting increased demand, which could contribute to reaching the target. Currently, Shiba Inu is trading at $0.00001963, showing a 1.66% increase this morning. The Money Flow Index (MFI) has risen since July 9, standing at 59.1, indicating buying pressure and potential for further price increases.
Moreover, the Ichimoku Cloud signals potential upward movement, with key figures indicating short-term support and a bullish overall trend.
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Michael Onche: Crypto aficionado and seasoned analyst. With a keen eye for market trends and a passion for blockchain technology, he deciphers the intricacies of cryptocurrency with precision. Michael’s expertise and insightful content make him a trusted guide for navigating the dynamic world of digital assets.
