Senior market analyst Javon Marks expects big gains for Shiba Inu (SHIB), predicting a potential price range of $0.000081 to $0.0001553. The optimistic outlook comes as SHIB is demonstrating strength during the current recovery phase.

Over the past two weeks, Shiba Inu, like many cryptocurrencies, has experienced a correction, causing the price to drop by more than 14%. However, SHIB has rebounded 17.10% this week, signaling the start of a new uptrend.

Impressive strength and growth potential

In a post on This strength could push the meme-inspired cryptocurrency to reclaim the $0.000081 area, a price level not seen since the all-time high of $0.00008845. If this happens, SHIB can create a launchpad to retest or even surpass the previous ATH.

The analysis further noted that the Shiba Inu has decisively broken away from a 16-month downward resistance trend. This encouraging development strengthens the bullish outlook for the asset. If this momentum continues, Marks expects the price to rise further to $0.0001 and even hit an all-time high of $0.0001553, a gain of about 90%.

Major price levels and market sentiment

To achieve these ambitious goals, the Shiba Inu needs to overcome several levels of resistance. A key hurdle lies within the price range of $0.000056 to $0.000131, according to IntoTheBlock. Despite the resistance, the broader crypto market seems confident that Shiba Inu can break out of the $0.0001 area.

CoinMarketCap data shows that Shiba Inu is currently trading at $0.00003064, with 24-hour trading volume down 39.48% to $1.04 billion. Investor interest has declined slightly, with open interest (OI) falling 4.52% in the past 24 hours to $106 million.

Beyond Technical Analysis

Shiba Inu's growth potential does not depend solely on technical indicators or market dynamics. The passion and unwavering support of the SHIB Army provides a unique advantage in the cryptocurrency space.

The Times tabloid recently reported on the SHIB Army’s excitement over Shytoshi Kusama’s response to a tweet from Ethereum co-founder Vitalik Buterin, in which he shared his surprise at SHIB’s massive growth.

<

As the project continues to grow, this dedicated community could be a key factor in propelling SHIB to new heights.

It is important to remember that the cryptocurrency market is extremely volatile. While Max’s analysis suggests that Shiba Inu is bullish, investors should conduct thorough research and consider their own risk tolerance before investing.


If you want to know more about the currency circle and first-hand cutting-edge information, please contact q1un + Wei: 835407865. Welcome to consult me. We have the most professional currency circle community and publish market analysis and high-quality potential currency recommendations every day. If you also want to ride through the bull and bear market, watch others sink to the bottom in the bear market, double your income, and get rid of the shackles of the bull and bear market.