Shiba Inu (SHIB) Price Eyes 156% Rally as Bullish Divergence Takes Shape

SHIB shows strong bullish divergence on weekly charts. A potential 156% rally toward $0.000032 could unfold if current momentum holds and technical patterns play out.

SHIB Forms Bullish Divergence on Weekly Chart

Shiba Inu (SHIB) is showing a technical signal that's caught traders' attention. Recent analysis reveals SHIB has confirmed a bullish divergence on the MACD oscillator while the price made a lower low - a classic setup that often signals trend reversals.

This divergence tells us that selling pressure might be running out of steam. The MACD line has begun curving upward, which backs up the idea that SHIB could be gearing up for a move higher. Right now, the price sits around $0.00000847, but the charts are hinting at something bigger brewing.

When you see this kind of divergence, it usually means the bears are losing their grip. It's like watching a rubber band stretch - eventually, it's got to snap back.

156% Price Target: Can SHIB Hit $0.000032?

Based on this technical setup, analysts are eyeing a potential 156% jump that could push SHIB all the way to $0.000032. That target isn't just pulled out of thin air - it lines up with a previous high that acted as resistance before.

If this move plays out, we're not just talking about a quick bounce. It could signal that SHIB is ready to flip the script from bearish to bullish for the longer haul. Meme coins have been getting more love lately, and when technical momentum lines up with market sentiment, things can get interesting fast.

Of course, crypto being crypto, there's no guarantee this plays out. But the setup looks solid enough that it's worth keeping an eye on. If SHIB can break above key resistance levels and volume starts picking up, that 156% target might not be as crazy as it sounds.