Shiba is currently well-positioned for growth

Shiba Inu (SHIB) Analysis: Positive divergence across multiple indicators suggests potential for significant growth. Current position and stable market conditions could drive SHIB's upward reversal.

6/18/20241 min read

Shiba Inu (SHIB) daily chart showing positive divergence, indicating potential for significant growt
Shiba Inu (SHIB) daily chart showing positive divergence, indicating potential for significant growt

In the daily chart of Shiba, positive divergence is visible across multiple indicators. This suggests that Shiba is in an excellent position to experience significant growth from this area. Positive divergence occurs when the price makes lower lows, but indicators like RSI and MACD make higher lows, signaling weakening bearish momentum and a potential upward reversal.
Shiba is currently well-positioned for growth. If Bitcoin and the broader market conditions remain stable, Shiba could see considerable growth from this range.