SHIB Bullish Divergence Points to RSI-Led Rally, Key Levels $0.00000504–$0.00000725
Shiba Inu (SHIB) is showing a bullish divergence on the daily chart, with price making lower lows while RSI rises, signalling easing sell pressure. The latest update adds that SHIB has printed consecutive green daily candles and is up roughly 9% from recent pullback lows, pointing to renewed buying momentum.
The article recalls two prior RSI-divergence setups (late Dec–Jan and early Feb–early Mar) that were followed by sharp rebounds. Traders are now focused on the $0.00000504 support area, repeatedly defended by buyers after dips near $0.00000523.
For upside, the near-term trigger is a push toward the prior lower-high around $0.00000725. The next objective highlighted is the 200-day moving average near $0.00000864 (about a ~38% upside from the referenced levels). Trend confirmation improves as SHIB trades above the 50-day EMA, with the indicator slightly below price—if SHIB holds these moving-average supports and sustains closes above them, the recovery thesis strengthens.
Note: Technical market commentary, not financial advice.
Bullish
SHIB’s bullish divergence and rising RSI suggest that downside momentum is fading, and the recent sequence of green daily candles with ~9% rebound supports a near-term recovery attempt. The market impact is therefore skewed bullish as long as buyers keep defending $0.00000504 and SHIB can push toward $0.00000725.
In the short term, a break and hold above key moving-average areas (including the 50-day EMA) would likely attract trend-following traders, increasing odds of a grind higher toward the 200-day SMA near $0.00000864. Over the longer term, sustaining these moving-average levels would improve the chart’s structure and make follow-through more likely, based on the article’s historical pattern repeats. If SHIB loses the $0.00000504 support again, the divergence thesis can fail quickly, turning the setup into a limited bounce rather than a sustained uptrend.