💥 Gate Square Event: #PostToWinCGN 💥
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📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
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Technical Analysis Suggests Potential Upside for Shiba Inu
Recent technical analysis of Shiba Inu’s (SHIB) price action reveals a potentially bullish outlook for the popular meme coin. Despite facing challenges in the past year, SHIB has shown resilience during market downturns and continues to display positive signals.
Bullish Divergence Identified
Crypto analyst Javon Marks has highlighted a significant bullish pattern in SHIB’s price chart. A regular bull divergence has appeared on the Moving Average Convergence Divergence (MACD) histogram, indicating a possible trend reversal.
Multi-Stage Price Projections
If this bullish pattern plays out, analysts project a multi-stage price movement for SHIB:
Technical Indicators and Market Structure
To provide a more comprehensive analysis, let’s examine additional technical indicators:
Relative Strength Index (RSI): Current RSI levels suggest SHIB is neither overbought nor oversold, leaving room for potential upward movement.
Bollinger Bands: SHIB’s price is currently consolidating near the lower Bollinger Band, which could indicate a potential bounce if support holds.
Support and Resistance Levels:
Volume Profile: Recent volume patterns show increasing interest at current price levels, potentially supporting a bullish case.
Market Context and Correlation
It’s important to note that SHIB’s performance is often correlated with broader cryptocurrency market trends. The overall market sentiment and Bitcoin’s price action can significantly influence SHIB’s movements.
Current Market Status
As of the latest data, SHIB is trading around $0.0000125. Daily trading volume remains robust, exceeding $200 million, indicating sustained market interest despite recent fluctuations.
Disclaimer: This analysis is for informational purposes only. Past performance does not guarantee future results. Cryptocurrency investments carry high risk, and investors should conduct their own research before making any investment decisions.