Shiba Inu is showing signs of a potential bullish reversal based on recent technical indicators.

The MACD indicator has formed a bullish divergence on the 2-day chart despite lower price lows.

Analyst Javon Marks has set a target of $0.000032 for SHIB, suggesting a 171 percent upside.

Shiba Inu (SHIB) is gaining renewed momentum as technical patterns signal a potential bullish reversal. Analyst Javon Marks identifies a bullish divergence on the 2-day MACD, pointing toward an upward shift. After recovering from a recent pullback, the price of SHIB now hovers around $0.00001178.

Analyst Predicts Shiba Inu Upside to $0.000032

Technical data shows SHIB formed a lower low in March 2025 compared to July 2024’s trough. This downward movement was not reaffirmed by the MACD value, which meant that a bullish divergence was building. The March reading of MACD indicates that it is gaining strength even as the price is falling.

Source: X

This deviation is combined with convergence in the MACD indicator and signal lines, which indicate the impending cross. Decreasing histogram bars also prove to diminish bearish momentum and potential breakout. Such signs have been indicators of price increases in the market in the past upsurge.

Marks has given a short-term estimated price of 0.000032, which implies that it may appreciate by a substantial 171.57 percent. Shiba Inu hit $0.00001212 on July 3 before briefly dipping, which supports the reversal narrative. A decisive break above this has become the expected signal by traders that a new trend has been formed.

Market sentiment has become increasingly optimistic, with SHIB outperforming its recent weekly averages. This bullish sentiment has been supported by the asset, which has improved by 2.1 percent and 2.4 percent on its daily and weekly performance, respectively. This gradual increase is in spite of continuing supply pressures and greater crypto uncertainty.

Also Read: Shiba Inu Forms Bull Flag Pattern, Breakout Could Trigger Surge to $0.000022

Social Buzz and Supply Debate Continue

SHIB’s momentum has sparked renewed online speculation, with influencers contributing to bullish narratives. Social media interest increased after popular figure YourPOP mentioned a long-term target of $0.01 for SHIB. As interesting as this forecast is, most users are still doubtful owing to the amount of supply in relation to the coin.

A major obstacle for SHIB remains its vast circulating supply, which critics say limits realistic price appreciation. Other traders state that aggressive token burning was the only way to continue trading at levels as 0.01. Nevertheless, the demand drivers and social hype promote short-term dynamics despite these concerns.

Community-driven initiatives and partnerships have also contributed to sustaining Shiba Inu’s visibility. The project’s supporters monitor burn mechanisms and innovations. However, the recent analysis points to the technical breakout rather than the fundamental changes in token economics.

Shiba Inu’s recent rebound aligns with a larger trend reversal supported by technical signals. Its estimated target of 0.000032 is a broader bullish view and indicates that more investors are buying into this coin. Market conditions will likely determine how quickly SHIB approaches this level.

Also Read: Shiba Inu’s (SHIB) 5X Leverage Trade Setup: A 2025 Opportunity with High Potential Returns

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Filed under: Bitcoin - @ July 7, 2025 5:25 pm