🐶 Shiba Inu ($SHIB ) Price: Technical Analysis Predicts 528% Surge to $0.000081
Shiba Inu, the popular meme cryptocurrency, is showing mixed signals in recent market activity. While some technical analysts remain highly optimistic about its future price action, short-term indicators suggest bears may be gaining control.
Currently trading at $0.0000129, #SHIB has experienced a minor dip of 0.4% from its intra-day high.
This price point represents a critical juncture for the token, as it marks the mid-range level in a two-month trading pattern. The failure to hold this support level has raised concerns among some market watchers.
Despite recent weakness, technical analyst Javon Marks maintains a strongly #bullish outlook. His analysis suggests SHIB could surge by 528%, potentially reaching $0.000081 in the near future.
Marks bases this projection on SHIB’s technical setup and accumulation patterns following a successful retest of a breakout level. The token rallied to a seven-month high of $0.00003329 in December 2024 before pulling back to $0.0000108.
This correction, according to Marks, was part of a normal technical structure that sets the stage for a more substantial rally.
A key factor supporting the bullish case is the hidden bullish divergence forming on SHIB’s chart. This technical pattern often signals underlying market strength even when short-term indicators suggest weakness.
The divergence typically occurs when price maintains higher lows while momentum indicators form lower lows, signaling a potential continuation of the existing trend.
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