Shiba Inu($SHIB ) has demonstrated strong resilience during recent market fluctuations, with one analyst projecting that the popular meme coin will continue its ascent toward previous highs.
After experiencing a broader market downturn, SHIB dropped over 22% last week, briefly touching a low of $0.00001853—last seen in early November. However, the token has since bounced back significantly, climbing 24% from that low and trading near $0.00002312, close to a critical support zone of $0.000022.
Market expert Javon Marks believes this recovery signals the potential for further gains. In a tweet posted on Christmas Day, he expressed confidence that SHIB’s bullish trend could carry it to $0.000081, a significant milestone.
Bullish Indicators for Shiba Inu
According to Marks, Shiba Inu’s latest recovery has generated a bullish pattern that may fuel additional upward movement. His analysis shows that SHIB is firmly on track to approach its previous peak of $0.00008854.
He projects that the token could rise by over 234% from its current value, hitting $0.000081. A chart accompanying his analysis highlights a recent bullish engulfing candlestick on the SHIB/USD daily chart, which Marks interprets as confirmation of an ongoing uptrend.
While Marks has not specified a timeline for this price target, his remarks suggest that a rally to $0.000081 could happen in the near term.
Path to $0.000081
Marks has consistently reiterated his confidence in Shiba Inu’s upward trajectory. He first shared this prediction back in October when SHIB was trading at $0.0000178. A purchase at that price would already have yielded significant returns, with the token now 30% higher.
Shiba Inu still needs to gain over 250% to reach $0.000081, but it’s not the only bullish forecast for the coin. Influential community figure SHIB KNIGHT shares a similar view, predicting the token could surpass $0.00008618 and set new records.
Additionally, Charting Guy—a popular crypto analyst—has suggested that SHIB may retest its all-time high. He points to a breakout from a symmetrical triangle pattern as a signal for a potential surge toward $0.00008841.
Conclusion
Shiba Inu’s journey to $0.000081 remains a topic of interest among analysts and investors. With recent bullish signals and renewed market optimism, many believe the token has the momentum to achieve its ambitious price targets.
