Shiba Inu 5X Rally Looms on Momentum Divergence
Shiba Inu is exhibiting an unusual momentum divergence that could trigger a 5X price surge, according to analyst Floratap. A break above $0.000017 might drive SHIB to $0.0000263 and potentially $0.000081, fueled by RSI strength and rising volume indicating quiet accumulation. A recent 48,247% token burn rate underscores growing demand ahead of a broader market upswing. At $0.00001231, SHIB is also holding firm above key support, preventing deeper losses. Analyst Lingrid highlights that a breakout past the $0.00001350–$0.00001400 resistance could confirm a bullish reversal. Together, these factors suggest Shiba Inu could shift from consolidation to a significant rally if broader market momentum sustains.
Bullish
The combination of momentum divergence, rising RSI, increasing volume and a massive 48,247% token burn rate indicates strong accumulation, a pattern that has historically led to sharp breakouts in meme coins like Dogecoin and previous SHIB runs. Holding above key support and approaching resistance at $0.00001350–$0.00001400 suggests traders are defending bids and preparing for a bullish push. In the short term, this setup may trigger heightened volatility and attract fresh capital, fueling a rapid upswing. Long-term impact depends on broader market trends, but if the general crypto rally continues, SHIB could sustain its upward trajectory and deliver significant gains.