Get Ready: Shiba Inu is Poised for an 855% Boost as Discreet Bullish Divergence Indicates a Significant Rise
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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.
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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.
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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.