Recently, Shiba Inu (SHIB) has stirred up a frenzy in the crypto market, with bullish signals flashing continuously, on-chain data, and whale activity heating up. Analysts boldly predict its price will skyrocket by 230%, targeting $0.000081! If you haven’t been paying attention to this 'internet celebrity pet of the crypto world', you might miss a fantastic opportunity.
Technical charts are releasing bullish signals, and Shiba Inu is entering a high-energy state.
Crypto analyst Javon Marks (@JavonTM1 on X) recently made a significant prediction, stating that SHIB is in a strong bullish continuation pattern. Marks' charts show that Shiba Inu has historically exhibited similar patterns, leading to explosive price increases.
He stated: 'SHIB is poised for an increase of over 234%, with a target price set at $0.000081.' Such an increase would not only break Shiba Inu's historical record but could also place it among the top mainstream crypto assets. Marks also emphasized that the emergence of this pattern typically indicates the end of a consolidation phase and the beginning of a new upward cycle.
If predictions come true, Shiba Inu will be more than just a 'meme coin'; it will be a miraculous turnaround in the market.
Whale activity surges, is SHIB poised for a breakout?
Data from on-chain analytics firm Santiment shows that the activity of Shiba Inu whales is closely related to its price movements. Especially at the beginning of December, large transactions over $100,000 occurred frequently, and the accumulation actions of these 'whales' released clear bullish signals.
Accumulation by whales usually indicates high confidence in future price movements, but it may also increase market liquidity and volatility. As whales continue to increase their holdings in Shiba Inu, the market's 'ignition point' seems to be approaching.
Short-term pressure may not affect the long-term upward trend.
Although the current trading price of Shiba Inu is $0.00002228 and it shows a downward trend in the short term (down 4.23% in the last 24 hours, down 11.48% in the past month), this has not affected market confidence in its future. The current 24-hour trading volume is as high as $534 million, indicating strong investor interest.
The current market capitalization of Shiba Inu (SHIB) is approximately $13.14 billion. Although the large circulating supply may pressure short-term prices, the future upside potential remains significant if whales continue to 'sweep up'.
Old Tan's commentary: Risks and opportunities coexist; the bullish logic still has support.
Although the bullish signal for Shiba Inu is strong, investors need to remain calm. The volatility in the meme coin market has always been outrageous, but that’s precisely why it is full of opportunities. If you are a high-risk tolerant investor, consider adding SHIB to your watchlist.
Understanding market rhythms is the beginning of wealth control! Follow Old Tan, layout in advance, and let the next peak belong to your account! Pay attention to Old Tan, and never let opportunities slip away!
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