Shiba Inu issues a strong buy signal, analysts predict it could soar 230% to $0.000081

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Shiba Inu (SHIB) has recently sparked heated discussions in the crypto market, with analysts predicting its price could skyrocket to $0.000081, which implies a potential increase of over 230%. Technical analysis and on-chain data provide bullish support, while increased whale activity also injects confidence into Shiba Inu's price outlook.

Technical indicators support the rise

Notable crypto analyst Javon Marks (@JavonTM1 on X) predicts that the price could surge to $0.000081 based on the bullish patterns found in SHIB's technical charts. Marks points out that this pattern typically appears after a price consolidation and is a precursor to a significant price increase. He mentioned, "SHIB has the potential for over 3.33 times growth, with an increase exceeding 234%."

Historical data shows that Shiba Inu has previously broken through similar patterns, leading to price surges. Although historical trends cannot guarantee future results, the recurrence of this pattern adds credibility to Shiba Inu's future upward prospects.

Whale activity and on-chain data

According to data from the on-chain analysis platform Sentiment, whale activity shows a high correlation with SHIB's price movements. Large transactions (over $100,000) often precede price increases. In December 2024, whale trading volumes of several hundred thousand dollars, especially on December 1 and 9, saw a noticeable surge in large transaction activity, indicating that whales are accumulating SHIB. This behavior is often interpreted as confidence in the asset's future appreciation.

Moreover, the concentration of whale holdings helps improve market liquidity, further driving up prices and providing additional upward momentum for SHIB.

Current price status of Shiba Inu

As of 1:25 AM Middle East Time on Thursday, Shiba Inu's trading price is $0.00002228. Although the 24-hour trading volume reached $534.29 million, the market still faces some downward pressure. However, the activity of whales and the strong buy signals indicated by technical indicators make the market's potential price at this time full of expectations.

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