Shiba Inu (SHIB) is exhibiting signs of a potential price recovery, according to analyst Javon Marks. The cryptocurrency has formed lower lows since July 2024, while its Relative Strength Index (RSI) has created higher lows, indicating strengthening momentum. SHIB's price increased by over 5% early this week, reaching a weekly high of $0.00000952, marking a 26% rise from its mid-November low.
Marks highlights that the bullish divergence is becoming more pronounced with each new low, suggesting underlying accumulation and a possible price reversal. Despite a recent pullback, SHIB remains within a narrow trading range, aligning with the broader market's positive trend.
Shiba Inu Shows Bullish Divergence, Analyst Predicts Recovery
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