Shiba Inu Could Rally 528% to $0.000081, Top Analyst Insists
Technical analyst Javon Marks has reiterated his breakout target for Shiba Inu, which would mark an approximate 528% increase from its current levels.Amid this bullish projection, Shiba Inu has been trading at $0.0000129, down 0.4% from its intra-day high. The meme coin has also declined by 7.4% in the past 7 days, although the longer time frame is rather positive.Road to $0.000081Despite this performance, crypto analyst Javon Marks has reiterated his earlier prediction that Shiba Inus price could reach $0.000081 this cycle. This follows a successful retest of the breakout level that saw SHIB price rally to a seven-month high of $0.00003329 in December 2024. The rally was followed by a pullback, which brought the price back to a low of $0.0000108.According to Marks, this correction phase was expected and confirmed SHIB's technical structure. Since then, the SHIB price has been volatile and is trading around the $0.00001290 range.However, the price closing above $0.00002 at the end of 2024 added confidence to the ongoing structure. This current level is now seen as a base for further upside, as analysts predict a 528% rally is looming.Technical Structure Supported by Bullish DivergenceSHIBs chart shows a hidden bullish divergence forming, which is generally seen as a sign of underlying strength. This pattern occurs when price action makes higher lows, while indicators like RSI or MACD form lower lows.Marks pointed out that this type of divergence suggests buying pressure is building up, even as momentum indicators reflect short-term weakness. This setup often leads to the continuation of the existing trend.Holding above the breakout level while forming higher lows reinforces SHIBs technical positioning. Market watchers are monitoring for a breakout from the current consolidation, which could send the token toward higher resistance levels if volume increases.Long-Term Holder Growth Reflects Investor ConfidenceOn-chain data from IntoTheBlock confirms a rise in SHIB holders who have held the token for more than one year. These long-term holders have increased steadily since mid-2022 and continued into early 2025.This growth occurred during rallies and corrections, pointing to consistent accumulation. A growing base of long-term holders can reduce selling pressure, which supports price stability and helps maintain key support zones.Notably, the number of short-term traders who hold for less than one month has dropped by 36.5%.
Text source: The Crypto Basic
