The post 264% Surge Expected in 2025 appeared on BitcoinEthereumNews.com.

Shiba Inu’s breakout signals strong bullish momentum, targeting $0.000081. Key support levels at $0.00002100 and $0.00002000 indicate recovery potential. RSI and MACD suggest shifting momentum toward a bullish trend for SHIB. Shiba Inu (SHIB) is showing strong bullish momentum, with some analysts predicting a massive 264% price increase. The optimism surrounding SHIB stems from a “major breakout” and several key technical indicators that suggest a continuation of the upward trend. Crypto analyst Marks recently shared a detailed chart analysis on X, highlighting a breakout above significant resistance levels. With SHIB currently priced at $0.00002221, Marks’ forecast sets a target of $0.000081. $SHIB (Shiba Inu) finishing up the year holding a major breakout and coming off of textbook bull signals on lower timeframes! Holding broken out, the target at $0.000081 goes unchanged and these bull signals can be pointing to a continuation within an over 264% run to reach it! https://t.co/4L9HEciT3a pic.twitter.com/qkmLQURP5u — JAVON⚡️MARKS (@JavonTM1) December 31, 2024 Technical Analysis Supports Shiba Inu’s Surge Marks’ analysis indicates Shiba Inu is on the cusp of a strong upward movement. The chart clearly shows SHIB breaking above a critical resistance level, often signaling a new bull trend. This breakout is further supported by the price retracing and retesting the broken resistance, a common sign of market strength before a continued upward move. Read also: Shiba Inu Gains Prominence Despite Internal Uncertainities Bullish Indicators Across Time Frames Several technical indicators add to the bullish outlook for SHIB. Shorter time frames show continued bullish momentum, and key support levels have held firm during recent pullbacks, with buying pressure increasing around these levels. The RSI is moving upwards from oversold territory, signaling a potential shift toward bullish sentiment. Meanwhile, the MACD shows diminishing bearish momentum, further suggesting that a bullish crossover could be imminent. Key Price…

---

Filed under: News - @ January 3, 2025 6:21 am