Shiba Inu has gained renewed attention this week as market expert Javon Marks repeated his bullish long-term price outlook. He said the token continues to follow a constructive pattern despite recent volatility. SHIB held its weekly momentum and stayed aligned with the broader market’s recovery phase. Marks argued that the meme coin’s structure points to higher valuations as bullish divergence develops.
Analyst Highlights Strengthening Divergence
Marks noted that Shiba Inu has maintained a clear bullish divergence on the 3-day chart. He explained that SHIB’s price created lower lows since early July 2024, while its relative strength index formed higher lows. He said this contrast builds a foundation for a potential reversal because the RSI trend shows improving strength. According to him, the divergence strengthens each time SHIB forms a new low without the RSI confirming it.
Source: X
SHIB extended last week’s green candle with more gains from Monday through Thursday. The token moved more than 5% early in the week and reached a weekly high of $0.00000952. That peak represented a 26% jump from the mid-November low of $0.00000755. SHIB then retraced and traded at $0.000008758 at the time of writing.
SHIB price chart, Source: CoinMarketCap
Marks pointed out that the structure remains intact even after the slight pullback. He referenced July 2024 as the start of the pattern when SHIB dropped to $0.0000126. He said that decline completed a lower low formation, which later connected to a lower high at $0.0000334 in December 2024. SHIB continued to break lower levels after December, yet the RSI kept rising.
He argued that the RSI’s higher low trend signals building momentum inside the market. He believes that the mismatch between price and strength reflects underlying accumulation. Therefore, he expects the market to respond once the divergence matures.
SHIB’s Price Pattern Supports Marks’ View
Shiba Inu stayed volatile through the year but kept forming technical triggers noted by the analyst. Marks said traders often watch bullish divergence because it can show early signs of demand returning. He also said SHIB’s pattern remains consistent across multiple timeframes, reinforcing his view.
The analyst added that SHIB’s recent rebound fits the broader market’s positive trend. Crypto assets posted coordinated gains this week, and SHIB followed with its own rise. He said that sustained momentum across the market creates supportive conditions for tokens showing early strength signals.
Marks emphasized that the divergence does not guarantee immediate moves but often precedes recovery. He pointed to the long period of lower lows paired with rising RSI as an example of a maturing trend. He suggested that this setup increases the odds of a shift once price pressure fades.
SHIB continues to trade inside a narrow range after the recent pullback. However, Marks reiterated that the chart supports a potential upside extension once conditions align. He said the divergence remains the strongest indicator to watch as the market responds to broad sentiment shifts.
Source: https://coinpaper.com/12866/shiba-inu-shows-strength-as-analyst-highlights-deepening-bullish-divergence
