Shiba Inu (SHIB) is showing early signs of a potential bullish reversal on Tuesday, February 17, 2026. According to the crypto analyst Javon Marks, its Relative Strength Index (RSI) is forming higher lows while prices continue making lower lows, a classic bullish divergence that signals weakening selling pressure.
Source: Javon Marks X Post
Javon Marks suggests that if this reversal materializes, the token could rebound sharply, with some projections estimating gains of up to 400%, potentially reaching $0.000035.
Traders should monitor RSI levels alongside Fibonacci retracement support and resistance zones, as these indicators may signal the start of renewed buying momentum.
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SHIB Faces Major Decision Point Amid Bearish Trend
According to TradingView data, SHIB peaked in closing price near $0.000015976 in the late 2024 to early 2025 period before it began to decline.
Using the Fibonacci retracement tool from the low point of $0.000010580 up to the high point of $0.000015976, analysts see support levels near $0.00001 and resistance levels similar to retracement zones seen before.
Source: TradingView
The slide carries on to the beginning of 2026, progressing toward the 1.618 Fibonacci extension at $0.000006401, which could potentially be an oversold area.
The presence of candlestick patterns reveals that there is a consolidation phase in the price action, which is marked by small wicks. These areas can be considered to be of utmost importance for both long-term investors and short-term traders.
Momentum Indicators Show Decreasing Pressure
The RSI is resting around the 35 mark, which is indicative of momentum that is weak to flat and trending towards oversold territory.
A yellow moving average resting just above the RSI is adding some credence to the idea that the momentum is resting below the short-term trend.
Source: TradingView
The MACD is close to zero, and the line and signal are not moving much. This indicates a lack of momentum in the market. The histogram bars are also not rising high, reflecting a consolidating market.
In past trends, volatility was clearly on one side or the other. Today, there is no clear leader, as bulls and bears are equally matched.
Also Read: Shiba Inu Holds Key Support, Bulls Eye $0.0000067 Recovery Level