Shiba Inu (SHIB): Target of 450% Increase? 🚀🐕
Analyst Javon Marks believes that Shiba Inu (SHIB) could reach $0.000081, a gain of 450% from the current price. Here are the key points:
Current Scenario:
Current Price: $0.00001444.
Recent Performance:
24h: +1.4% (slight increase).
7 days: -4.6%.
14 days: -10.1%.
30 days: -22.8%.
Technical Analysis:
2023 Breakout: SHIB broke a downtrend line in early 2023, confirming a bullish signal.
Bullish Divergence: A hidden bullish pattern suggests potential for higher prices by the end of 2025.
Target: $0.000081 (450% above the current price).
Accumulation by Large Investors:
Whales: Increased their positions by 0.35% in the last 30 days, indicating institutional confidence.
Medium Investors: Increased by 0.30%, focused on medium to long-term gains.
Retail: Decreased by 0.67%, suggesting an exit of small investors.
Pressure Factors:
"Head and Shoulders" Pattern: May indicate weakness in price.
Network Conditions: Weak growth and reduced profitability among holders.
Key Support: 0.00001470. If maintained, could lead to a recovery to 0.00001261.
Conclusion:
Despite recent volatility, SHIB maintains significant bullish potential, especially with increased accumulation by large investors. Keep an eye on support and resistance levels!
