The post Shiba Inu Analyst Projects 528% SHIB Rally to $0.000081: Here’s Why appeared on BitcoinEthereumNews.com.

Crypto analyst Javon Marks maintains $0.000081 target for Shiba Inu. Hidden bullish divergence forming despite recent 7.4% weekly decline. Long-term holder growth and increased burn activity support bullish case. Crypto analyst Javon Marks has reaffirmed his bullish outlook for Shiba Inu (SHIB), projecting a potential 528% price increase from current levels to reach $0.000081 in this market cycle. This forecast comes despite SHIB’s recent price action showing mixed signals, with the token trading at $0.0000129, down 0.4% from its intra-day high and 7.4% lower over the past seven days. Marks’ prediction follows SHIB’s successful retest of a key breakout level after the token rallied to a seven-month high of $0.00003329 in December 2024. Following that peak, SHIB underwent a correction phase that brought its price down to $0.0000108 before stabilizing in its current range. “This correction phase was expected and actually confirmed SHIB’s technical structure,” Marks explained in his analysis. The analyst pointed to SHIB’s year-end close above $0.00002 in 2024 as a factor that adds confidence to the bullish outlook, viewing current price levels as a base for the anticipated upward movement. Shiba Inu forms hidden bullish divergence A key technical factor supporting Marks’ projection is the formation of a hidden bullish divergence on SHIB’s chart. This pattern occurs when price action creates higher lows while technical indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) form lower lows. According to Marks, this divergence suggests accumulating buying pressure beneath the surface, even as short-term momentum indicators reflect temporary weakness. Such patterns typically signal the continuation of the prevailing trend once the consolidation phase concludes. SHIB’s ability to maintain levels above the breakout point while forming higher lows further strengthens its technical position. On-chain data from analytics platform IntoTheBlock reveals growing conviction among SHIB investors, with…

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Filed under: News - @ May 6, 2025 5:24 am