$SHIB A prominent analyst has just claimed that Shiba Inu (SHIB) is showing bullish signals and predicts a significant price surge to $0.000081. ๐ After a strong end to 2024, SHIB has managed to consolidate above a key breakout level. ๐ This has traders and analysts optimistic that there is potential for a rally in the coming months. ๐
Analyst Javon Marks noted that SHIB is showing โclear bullish signalsโ on the shorter timeframes, indicating that upward momentum may be imminent. ๐ Currently, SHIB is trading around $0.00002182, up 2% in the last 24 hours. ๐น
Marks also noted that SHIB recently broke through a long-standing resistance line and hit a seven-month high of $0.00003329. ๐๏ธ Despite a correction phase afterward, SHIB managed to test the breakout level as support. ๐ With the price back around $0.000021, Marks sees this as a strong bullish signal. ๐ช
Marks set an ambitious price target of $0.000081 for SHIB, which would give a potential gain of 264% from the current price. ๐ฐ He also suggested a higher target of $0.000155, which could be achieved during this bull cycle. ๐
Interestingly, there is also a hidden bullish divergence on the SHIB chart, indicating the underlying strength of the asset. ๐ With SHIB remaining above the breakout zone, the cryptocurrency appears poised for further upside. ๐ Traders are eagerly awaiting the short-term target of $0.000081, hoping that this rally will pave the way for greater achievements in the future. ๐ฅณ
So, stay tuned to SHIB and see what happens next! ๐