As a seasoned crypto investor with a knack for spotting promising trends and a penchant for taking calculated risks, I find myself intrigued by the recent technical patterns emerging in the Shiba Inu market. The Hidden Bull Divergence, as highlighted by Javon Marks, is an interesting development that could potentially lead to significant price increases.
As a researcher studying the cryptocurrency market, I’ve noticed an intriguing development in the Shiba Inu price chart that catches my attention. This technical pattern, known as a “Hidden Bull Divergence,” according to crypto analyst Javon Marks, could signal a forthcoming surge. If this pattern holds true, we might be looking at a potential increase of 330%, reaching unprecedented new highs for Shiba Inu prices.
SHIB’s Positive Reaction To Hidden Bull Divergence
On October 22nd, Tuesday, Mark shared insights on X (previously Twitter) concerning the emergence of a fresh technical pattern in the Shiba Inu’s price chart. The analyst pointed out that Shiba Inu exhibited a Hidden Bull Divergence, an essential technical signal suggesting potential future price growth for the cryptocurrency, even under unfavorable market circumstances.
According to Mark’s analysis, it appears that SHIB might be preparing for a significant surge in price. He has set a price prediction near $0.000081 for Shiba Inu, suggesting that this popular meme coin could potentially rise by up to 330% or even quadruple its current value in the near future.
Regardless of recent ups and downs in Shiba Inu’s value, Marks maintains his positive prediction for the meme coin. He shares that the market is currently in the initial phase of the anticipated price surge, implying that SHIB might reach a value of $0.00008 by 2025.
Based on Mark’s chart analysis, we can confirm the presence of the Hidden Bull Divergence in Shiba Inu’s price trends. The analyst has further indicated a potential higher target for SHIB at approximately $0.0001553. This could imply that if the current upward trend persists, Shiba Inu may eliminate the zero and reach unprecedented new highs.
Currently, at the time of writing, the cost of Shiba Inu is being exchanged at approximately $0.00001775. Over the past 24 hours, it has shown a 1% drop, and over the last week, there has been a 2.07% decrease. Despite these noticeable bearish tendencies in Shiba Inu’s price, Mark believes that if Shiba Inu shows a favorable reaction to the new Hidden Bull Divergence, the market can expect an upward trend in its value.
Shiba Inu Price Rebound Signals Confirmed
In the face of intense market fluctuations, Shiba Inu persists in its effort to surpass crucial resistance levels and achieve fresh peaks. Crypto expert ‘Flatleak’, known on platform X, predicts a potential resurgence for SHIB following its recent dips.
As a crypto investor, I’ve noticed an exciting development with Shiba Inu recently. Despite its current price of $0.000017, analysts are pointing towards signs of a potential rebound over the past few weeks. One such analyst, Flatleak, has even hinted at a buy signal from the SHIB TD sequential, implying that the downward pressures might be weakening. This could mean good things for our favorite meme coin!
Additionally, the surge of retail investor interest and the strong backing of its online community are boosting its value. Given these favorable trends, an analyst has predicted that Shiba Inu’s next bullish goal could reach $0.000022.
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2024-10-25 04:11