Shiba Inu Breaks Out of Downtrend, Signals Major Bullish Reversal

Shiba Inu (SHIB) has broken through a year-long downtrend, indicating a potential major bullish reversal. The token is showing signs of strength with higher lows and growing accumulation since mid-2023. A key MACD bullish divergence, where price continues to fall while the indicator shows strength, suggests a shift in momentum towards an upside move. 500% gains are on the table as market cap rebounds above $7.2 billion after a volatile week.