- Shiba Inu forms a confirmed bullish divergence pattern, showing rising MACD lows despite price making lower lows on the chart.
- SHIB’s open interest rose 2.9% while volume dropped 32.6%, a setup that typically signals upcoming volatility and strong price movement.
- Traders show strong long bias as shorts face heavy liquidations, positioning SHIB for a rally toward the $0.000032 resistance level
Shiba Inu (SHIB) is gaining some renewed momentum, following confirmation of a bullish divergence. We see an if-it-can-make-a-move, and this could indicate a run toward $0.000032. The recent technical setups and market behavior show a consistent increase in trader interest, as they position for a potential area.
Bullish Divergence May Fuel SHIB’s Next Rally
Technical indicators on Shiba Inu’s chart suggest a shift in market dynamics. The price has continued forming lower lows in recent months. However, momentum indicators such as the MACD histogram are charting higher lows. This pattern typically points to weakening bearish pressure and could suggest a reversal is taking shape.
A tweet from crypto analyst JAVONMARKS emphasized this divergence. He explained that SHIB remains fresh off a previously confirmed divergence and could rally over 156% to reach the $0.000032 level. According to his analysis, this setup resembles a textbook bullish divergence — often a strong signal of an impending breakout.
Furthermore, the prolonged period of consolidation appears to show signs of accumulation. Prices have been moving within a narrow range, which often reflects larger players entering quietly before a significant price movement. This price structure, combined with bullish divergence, positions SHIB as a candidate for a breakout.
Technical Setup Suggests Breakout Toward Key Resistance
As of writing, SHIB was at $0.00001241, reflecting a 2.16% price increase over the past 24 hours. The chart setup indicates this bullish move could potentially be starting a larger move. Noticing the target of $0.000032 is just near a key resistance area and psychological level and is therefore considered a key point to watch for possible breakout confirmation.
JAVONMARKS noted that if the divergence holds and momentum builds, the $0.000032 zone may act as the initial breakout zone. Reaching this level would represent a gain of more than 156% from current prices, with the potential for a longer-term trend reversal thereafter.
The tweet also pointed to a possible macro structure forming, hinting at the early stages of a larger reversal. With increased social engagement and rotation back into meme coins, SHIB’s positioning becomes even more critical in the short to mid-term.
Derivatives Data Supports Bullish Case
SHIB derivatives markets are also showing signs of a potential move. Open interest has climbed 2.9% to $187.77 million, while volume dropped by 32.6%. This divergence between open interest and volume often precedes high volatility, especially when paired with rising long bias.
Liquidation data over the past 24 hours supports this bullish stance. Short positions worth $51,230 were liquidated, while only $276 in long positions were closed. The long/short ratio overall stands at 1.18, while OKX shows a much higher 2.39, indicating traders are positioning heavily to the upside.
This shift in positioning reflects growing confidence among market participants. As volume returns and sentiment remains steady, the confirmed divergence and technical setup may result in an extended rally. All eyes remain on the $0.000032 target, which could become a critical level in SHIB’s ongoing price structure.
