Crypto analyst Tony M from CoinGape forecasts a potential rally for Shiba Inu $SHIB fueled by what he calls a "hidden divergence" in its Relative Strength Index (RSI) on the daily chart. A hidden divergence occurs when the RSI diverges from price movements, sometimes signaling a trend reversal. For SHIB, the RSI has been quietly climbing even as prices hover around $0.000026, a point where bulls typically start to accumulate.
Tony predicts a price surge targeting $0.0003 for SHIBโa level that would represent an impressive 300% gain from current prices. However, he cautions that SHIBโs rally is not guaranteed; broader market dynamics, such as Bitcoinโs performance and general investor sentiment, could easily influence this optimistic outlook. Still, if BTC remains steady or climbs, SHIB may benefit as risk appetite among crypto investors grows.
Will this divergence lead to a true breakout, or is this just another false signal?