Shiba Inu is gearing up for a stunning comeback to its early 2024 high of $0.0000457, a potential rise of 69%. In a recent technical analysis by leading cryptocurrency analyst Javon Marks, the token’s 9-hour trading prices have revealed a hidden bullish divergence, indicating a potential surge in its market value in the coming months. Unlike indicators such as RSI or MACD, which indicate when an asset’s price forms a lower low, this hidden bullish divergence metric indicates when an asset’s price forms a higher low. It is considered a reliable indicator of the asset’s underlying strength and often precedes a significant upward movement.
SHIB (Shiba Inu)’s 9H Prices have been some of the recent confirming a Hidden Bull Divergence also, and can be this indication can be suggesting a +69% recovery back to its 2024 Highs ($0.0000457) and that may only be pre-continuation. With a larger breakout target at $0.000081, we may see enough strength behind prices to send then another approximately +75% to meet it!
In addition to the above analysis, experts are forecasting that this could be just the beginning of a longer upward trajectory. With a broader breakout target set at $0.000081, Shiba Inu could see an extra surge of about 75% beyond its previous 2024 highs. This means that the total potential growth for the token could crown a staggering 144% increase if both targets are reached.
Shiba Inu’s L-2 undergoes Tech Upgrades
Shiba Inu’s optimistic forecasts come at a time of market downturns and mixed investor sentiments. A combination of market dynamics and positive news about the use of Shiba Inu on various online platforms could be behind this renewed interest and confidence in the token. But as usual with crypto investments, the markets are highly unpredictable, and while technical indicators may provide predictions, they do not guarantee outcomes.
Investors are therefore encouraged to conduct their research before investing in cryptocurrency markets. Earlier, Shiba Inu’s go-to scaling platform, Shibarium, unveiled a major update encompassing enhanced wallet compatibility and a redesigned user interface, promising a smoother, faster, and more accessible experience. Launched under the banner “Revolutionizing Accessibility: Democratizing the Future,” the new upgrade aims to set a benchmark in inclusivity and innovation with a clear focus on user experience.