Shiba Inu Signals +138% Rally as Bullish Divergence Targets $0.000032

Shiba Inu’s chart confirms a bullish divergence on MACD, signaling momentum strength that could push SHIB toward the $0.000032 price level.

Exchange reserves of SHIB dropped by over 1.2 trillion tokens between July 31 and August 11, reducing available short-term supply.

A developing MACD crossover and ascending trendline support indicate bullish positioning, with technicals suggesting a sharp upward move remains increasingly likely.

Shiba Inu (SHIB) is showing technical conditions that indicate a price target of about $0.000032 and a possible +138% increase. There seems to be a strong bullish setup developing in the market, which is confirmed by the current momentum signs.

Technical Signals Indicate Momentum Shift

A tweet from analyst Javon Marks noted that Shiba Inu’s setup continues to signal an upside move of approximately +138%. The post emphasized that the key target level sits at $0.000032, with confirmed bullish signals pointing toward an eventual breakout.

The chart pattern shows a hidden bullish divergence forming on the MACD. While SHIB’s price posted lower lows, the MACD registered higher lows. This divergence is widely regarded as a strong indicator of building momentum in favor of the bulls.

Further confirmation comes from a long-term accumulation pattern holding support at an ascending trendline. This suggests that larger holders could be strategically positioning themselves before a sharper rally unfolds once resistance barriers are cleared.

MACD Crossover Adds Strength to Outlook

Another technical factor supporting the bullish case is the ongoing MACD crossover. The two lines of the indicator are converging, typically signaling that a shift in market direction is approaching. This development provides additional weight to the case for a possible breakout.

The chart projection shows that once SHIB surpasses its immediate resistance levels, it may accelerate toward the $0.000032 mark. Such a move would represent a rally exceeding +138% from the current trading zone.

Analysts suggest that timing remains the only factor holding back the move. With bullish confirmation intact, the window for a reversal appears to be narrowing as momentum continues to gather strength.

Exchange Reserves Decline Supports Bullish Case

On-chain data further reinforces the technical outlook. Glassnode reports show that SHIB’s exchange reserves fell between July 31 and August 11, declining from 122.54 trillion to 121.31 trillion tokens. This reduction amounts to more than 1.2 trillion tokens.

A decrease in exchange-held tokens often signals that holders are transferring assets into long-term storage. It can also indicate whale accumulation, where larger investors reduce available supply with no immediate intent to sell.

Such conditions lower short-term sell pressure and create the possibility of a supply squeeze. When paired with increasing demand, these shifts often contribute to stronger upward price movements across crypto markets.

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