Crypto Analyst Anticipates Shiba Inu to Surge 450% and Attain New All-Time High
A prominent crypto analyst has recently shared a bullish forecast for Shiba Inu (SHIB), a well-known dog-themed meme coin. According to this analyst, the meme coin is expected to experience a substantial 450% surge, reaching unprecedented All-Time Highs (ATH).
Javon Marks, the crypto analyst, expressed his optimistic outlook for Shiba Inu’s future price performance on X (formerly known as Twitter). Marks emphasized that the meme coin has continuously demonstrated impressive growth after breaking out of similar patterns witnessed during the previous bull run. In that period, Shiba Inu surged by an astounding 400%, catapulting from around $0.000009079 to $0.00004559.
Marks predicts that Shiba Inu could experience another significant increase of approximately 351%, pushing its price to break through a new target of $0.0000886. This surge would establish a fresh ATH for SHIB, surpassing its current ATH of $0.00008616, recorded in October 2021.
To support his projections, Marks shared a SHIB/USDT price chart displaying Shiba Inu’s historical price movements from 2021 to 2026. The analyst noted that the meme coin seems to be mimicking a pattern observed during the 2021 bull run, potentially indicating a massive surge of 930.20% that could drive SHIB’s price to $0.00008063.
In a previous post, Marks also maintained his bullish sentiment for Shiba Inu, highlighting that despite the recent sluggish performance, the meme coin’s 3D prices are holding onto a crucial pattern that could trigger another substantial rally, potentially propelling the cryptocurrency by 855% to new all-time highs.
Marks further supports Shiba Inu’s bullish projection by pointing out the “Hidden Bullish Divergence” between the meme coin’s price and the Relative Strength Index (RSI). According to the analyst, this divergence confirms the underlying strength behind SHIB’s price and suggests the continuation of its impressive uptrend.
In recent weeks, Shiba Inu has exhibited a significant shift in its price performance, indicating strong fundamentals. After experiencing a price crash alongside other meme coins in June, Shiba Inu has since entered an uptrend, recording a notable increase of approximately 16.46% within one week. As of now, the cryptocurrency is trading at $0.0001944 and steadily climbing towards the $0.0002 mark.
Over the past 24 hours, Shiba Inu has sustained its upward trajectory, with its value rising by 3.61%, as reported by CoinMarketCap. Another crypto analyst known as ‘SHIB Knight’ on X has also highlighted Shiba Inu’s recent positive performance and price reversal, speculating that the cryptocurrency could surge to $0.00005 following a breakout confirmation.