Shiba Inu is exhibiting technical indicators that could signal a potential bullish reversal, according to analysis. Crypto analyst Javon Marks notes a bullish divergence in its Relative Strength Index, which is forming higher lows while prices make lower lows. This pattern suggests weakening selling pressure. Some projections estimate a sharp rebound could see the token’s value increase by up to 400%.
Cryptocurrency Shiba Inu is showing early signs of a potential bullish reversal. According to the crypto analyst Javon Marks, its Relative Strength Index is forming higher lows while prices continue making lower lows.
This is a classic bullish divergence signaling weakening selling pressure. Javon Marks suggests that if this reversal materializes, the token could rebound sharply with projections estimating gains of up to 400%, potentially reaching $0.000035.
Data from TradingView shows SHIB peaked near $0.000015976 in the late 2024 to early 2025 period before declining. The slide has continued into 2026, progressing toward a Fibonacci extension level near $0.000006401 which could indicate an oversold area.
The RSI is currently resting around the 35 mark, indicating weak momentum trending toward oversold territory. A moving average just above the RSI adds credence to the idea that momentum is below the short-term trend.
The MACD indicator is also close to zero with little movement in its line and signal. This reflects a current lack of decisive momentum in the market. The consolidation suggests bulls and bears are currently equally matched.
