Shiba Inu (SHIB) Bullish Divergence Breakout Puts $0.000032 Target in Focus

Shiba Inu (SHIB) is currently testing a critical technical level, which has displayed initial indications of a potential shift in the latest chart signals. There are contrasting opinions among the analyst community over the potential for a breakout for the asset, but the next move will determine the potential for further growth for the asset.

At the time of writing, Shiba Inu is trading at $0.000007881, according to CoinMarketCap. The 24-hour volume is 123.34 million, while the market capitalization is 4.67 billion.

The price of SHIB has gone up by 1.35% on the last 24 hours, an indication of some buying interest in the coin due to the decline in the meme coin sector.

Source: CoinMarketCap

Shiba Inu Signals Reversal After Divergence

In a post on X (Twitter), crypto analyst CRYPTO SHIB stated that SHIB has broken through a short-term setup after displaying a sign of bullish divergence on its chart. He further stated that a sign of a trend reversal or a pullback often occurs when a coin shows a sign of bullish divergence.

Source: X

A potential move to the $0.000032 price level was identified as a longer-term price projection for a potential upside. If such a move were to occur, it would represent a gain of more than 246% if the bullish momentum continues to rise.

Also Read | Shiba Inu (SHIB) Price Prediction January 2026: Can Shiba Inu Push Toward $0.00001?

Shiba Inu At Critical Resistance

However, this is not the view of all analysts. GainMuse offered a cautious view, stating that SHIB has begun to slowly fall again even after the rebound. From this perspective, the current rebound might not have the necessary volume and might fall prior to the reversal in the trend.

Source: X

Such a viewpoint suggests that the latest price moves may still be a part of a larger corrective pattern rather than confirming a breakout as having occurred.

From a technical point of view, SHIB is currently testing an important resistance area, which is located in a range of approximately $0.00000810 to $0.00000830. This range has seen selling pressure in its past and is an important area for SHIB’s price to break through in order for its bullish scenario to start picking up steam.

On the other side, unless prices hold at these levels, SHIB may fall to a price of $0.00000700. Therefore, the upcoming trading sessions are critical in determining whether SHIB can sustain the break or fall back to a range.

Overall, the way SHIB responds to the current levels of resistance might determine whether the momentum for meme coins is starting to pick up again or not.

Also Read | Shiba Inu Breakout Imminent: Experts Eye $0.0000139 Target