Analyst Says Shiba Inu Path to $0.000081 Will Continue
With Shiba Inu showing strong rebound ability, an analyst suggests that the meme coin will continue on the path toward its all-time high.Shiba Inu has participated in the wider market correction, shedding over 22% last week. The recession saw the dog-themed meme coin retest an early November low of around $0.00001853.Meanwhile, SHIB has rebounded strongly from the zone to trade close to its major demand zone around $0.000022. The asset has surged 24% from the low and now trades at $0.00002312.As a result, seasoned market analyst Javon Marks insists that Shiba Inus bullish momentum remains. In a Christmas Day tweet, he maintained that the meme coin could continue on its path to $0.000081.Shiba Inu Prints Bullish SignalMarks stated that Shiba Inu has shown upside potential. He mentioned in his tweet that Shiba Inus latest rebound has printed a bullish signal set to spur further price upswings.Additionally, the market expert stated that Shiba Inus path, close to its all-time high of $0.00008854, remains on course. Per the commentary, Marks asserted that the second-largest meme coin will surge over 234% or about 3.33x to $0.0000810.An accompanying chart shows that Shiba Inu has printed a bullish confirmation after the latest steep. The SHIB/USD 1-day chart shows that the token affirmed the upward momentum with a bullish-engulfed daily close yesterday.
Text source: The Crypto Basic
