Shiba Inu (SHIB) trades near $0.000013 as analyst Javon Marks points to a bullish divergence. He said the setup could drive the token 150% higher to $0.000032 if confirmed.
Marks said SHIB has shown a divergence between price and momentum. In plain terms, the token fell to lower levels, but indicators such as MACD rose instead, often a sign of a possible reversal.
MACD, or Moving Average Convergence Divergence, tracks momentum by comparing price averages. When it climbs while price falls, it signals that sellers may be losing control.
Javon Marks compared SHIB’s pattern to late 2024, when the token rallied 207% in five months after a similar divergence, climbing from $0.000011 to above $0.000022. The $0.000032 target aligns with resistance from earlier peaks, which Marks believes could be retested if momentum builds.
SHIB Faces Resistance at $0.000016
Beyond the analyst’s projection, SHIB’s chart shows several critical levels that traders are watching. The token holds support between $0.00001100 and $0.00001274. The next hurdles sit at the 200-day EMA near $0.00001386 and a weekly EMA cluster around $0.00001602.
EMA, or Exponential Moving Average, smooths price over time to highlight trends. The 200-day EMA is often seen as the dividing line between bearish and bullish momentum. Breaking above it can confirm a shift in direction.
The Relative Strength Index is at 55 on the daily chart and 47 on the weekly. These are neutral readings that show SHIB is not overbought, leaving space for further moves if buyers step in.
Additionally, SHIB’s 24-hour trading volume stands at about $268 million, far below Dogecoin’s $3.8 billion. Volume measures how much of the token changes hands. Without strong participation, even bullish signals can struggle to follow through.
Burns Rise as Shibarium Activity Falls
Network indicators also show challenges. Shibburn reported 21.2 million SHIB destroyed in the past week, up 208% from the previous period. Burns reduce supply but only boost price if demand rises alongside them.
Shibarium, Shiba Inu’s layer-2 blockchain, has lost traction. Its total value locked stands at $1.6 million, down from more than $6 million last year. At the same time, Santiment data shows daily active addresses and transaction volumes trending lower, while large holders have cut balances since June. These signs point to fading participation despite supply cuts.
Shiba Inu’s moves are unfolding against a stronger meme-coin market. Dogecoin (DOGE) gained 13% in the past week to $0.24, while Bonk (BONK) and Floki (FLOKI) rose 16% and 12% respectively. Shiba Inu price itself is up 6.6% in the same period, tracking the sector’s wider rebound.
Pulling these factors together, SHIB’s divergence signal does strengthen the bullish argument, but SHIB token price still needs a break above $0.000016 to confirm momentum. Failure could leave the token locked in its current range.
