Technical analysis by cryptoonchain about Symbol SHIB: Buy recommendation (7/16/2025)

Positive divergence detected! On the weekly SHIBUSD chart (Renko, %), we see a clear positive divergence between price action and both the Brick Indicator and MACD. While the price printed new lows, momentum indicators are forming higher lows, suggesting fading bearish pressure and a possible reversal ahead. Key Resistance / Target: The main resistance zone is at 0.000032 USD (highlighted in green on the chart). This level marks a strong supply area from previous cycles and serves as a potential upside target if the bullish momentum continues. Summary: Positive divergence on momentum indicators is confirmed. Bearish trend is losing strength; reversal potential is increasing. Next key target is the 0.000032 USD resistance area. ⚠️ This analysis is for informational purposes only and is not financial advice. Always DYOR before trading.