Shiba Inu Breakout Structure Hints at Massive 670% Rally Potential

robot
Abstract generation in progress

After a brutal year, Shiba Inu looks ready to explode upward. I’ve watched it hold surprisingly strong during recent market dumps while other coins collapsed. Crypto analyst Javon Marks has spotted what could be the trigger for SHIB’s next moonshot - a bullish pattern that might send this dog to heights we’ve never seen before.

The Bull Divergence That Could Launch SHIB Into Orbit

Marks identified a regular bull divergence on the MACD histogram - a technical signal that often precedes major reversals. If this plays out like I think it might, we’re looking at SHIB potentially doubling first, pushing above $0.00002 and flipping that resistance into solid support.

The first recovery leg could deliver a 163% gain, smashing through the $0.00003 resistance and setting up the next phase. But that’s just the appetizer. After breaking out of its older structure, SHIB could continue climbing in what Marks projects as a 570% move, taking the price beyond $0.000081.

What’s truly mind-blowing is the possibility of SHIB not just reaching but exceeding its previous all-time high. The analyst’s chart suggests we could see a further 100% increase that would eliminate another zero, hitting $0.0000155 - something unprecedented in SHIB’s history.

Currently, SHIB hovers around $0.0000125 after the weekend downturn. Despite market fluctuations, it’s maintaining daily trading volume above $200 million.

I’m cautiously optimistic, but remember - these projections depend entirely on the broader market cooperating. If Bitcoin tanks again, even the strongest bull patterns can disintegrate overnight.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

SHIB-0.15%
BTC0.55%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)