Shiba Inu (SHIB) has been gaining momentum, recently trading at $0.00001169, marking a 0.45% increase in the last 24 hours and a 2.37% rise in the past week. Despite moderate volatility, the meme coin has been showing signs of a potential reversal, with analysts projecting a significant price jump. Javon Marks, a well-known market analyst, believes that SHIB is on the verge of a larger bullish reversal, targeting $0.000032 in the near future.
Bullish Divergence: A Sign of Things to Come?
Shiba Inu’s recent performance aligns with a growing wave of bullish sentiment in the market. Marks highlighted a technical analysis pointing to a bullish divergence between SHIB’s price movement and the Moving Average Convergence Divergence (MACD) indicator on the 2-day timeframe.
The chart shows SHIB forming a lower low in March 2025 compared to the earlier low in July 2024. These two lows connect through a gently descending trendline, illustrating sustained downward pressure over the past year. However, this bearish price movement is not reflected by the MACD indicator, which shows a higher reading during the March 2025 low compared to the July 2024 low. This classic bullish divergence suggests that the downward momentum is fading, paving the way for a possible reversal.
MACD Bullish Crossover Expected
In addition to the divergence, the MACD and signal lines (blue and orange, respectively) appear to be converging, which could signal an imminent bullish crossover. This would indicate a shift in momentum towards upward price movement, potentially attracting more buyers into the market. The shrinking histogram bars provide further confirmation that bearish pressure is easing, and a trend reversal could be on the horizon.
Based on this technical analysis, Marks projects a price target of around $0.000032 for SHIB. This represents an approximately 171.57% increase from its current price of $0.00001178. Marks suggests that this move could be the beginning of a larger bullish trend for Shiba Inu, hinting at more substantial gains in the future.
Bold Predictions: Can SHIB Reach $0.01?
As Shiba Inu continues to make waves in the crypto community, influencers and traders are becoming more bullish on its potential. Crypto influencer YourPOP recently reignited discussions by forecasting a target of $0.01 for SHIB, sparking widespread interest and debate.
However, some members of the community believe that SHIB’s massive token supply remains a significant obstacle to such large price gains. A user on X (formerly Twitter) noted that the circulating supply needs to be reduced through aggressive token burning for SHIB to reach these higher price targets.
Related article: Shiba Inu Address Profitability Declines as Price Holds Above $0.000011
Conclusion: SHIB’s Future Outlook
Shiba Inu has garnered significant attention from both investors and influencers, with analysts like Javon Marks predicting a 171% price surge to $0.000032. While the token’s massive supply poses a challenge, the current technical indicators, including the bullish divergence and the MACD crossover, suggest that SHIB could be on the brink of a major price reversal. The question now is: will this momentum continue, and could we see SHIB reach the bold $0.01 target set by influencers? Only time will tell, but the coming months could be pivotal for Shiba Inu’s future in the market.
