Will Shiba Inu (SHIB) Reach its All-time High Again? Analyst Sees Potential for a 570% Surge

Shiba Inu has experienced some turbulence in recent weeks, dropping from its peak of $0.00001417 on August 14th. Now at approximately $0.00001228, holders have seen a significant drop of over 13% since then. Analyst Javon Marks believes the downtrend could be nearing an end. He has spotted what’s known as bullish divergence on the MACD histogram – while SHIB price continues to make lower lows, the momentum indicator shows higher lows, suggesting selling pressure is easing and a potential reversal might be on the horizon. This suggests that the worst of the decline may have passed.