Shiba Inu’s breakout signals strong bullish momentum, targeting $0.000081.
Key support levels at $0.00002100 and $0.00002000 indicate recovery potential.
RSI and MACD suggest shifting momentum toward a bullish trend for SHIB.
Shiba Inu (SHIB) is showing strong bullish momentum, with some analysts predicting a massive 264% price increase. The optimism surrounding SHIB stems from a “major breakout” and several key technical indicators that suggest a continuation of the upward trend.
Crypto analyst Marks recently shared a detailed chart analysis on X, highlighting a breakout above significant resistance levels. With SHIB currently priced at $0.00002221, Marks’ forecast sets a target of $0.000081.
$SHIB (Shiba Inu) finishing up the year holding a major breakout and coming off of textbook bull signals on lower timeframes!
Holding broken out, the target at $0.000081 goes unchanged and these bull signals can be pointing to a continuation within an over 264% run to reach it! https://t.co/4L9HEciT3a pic.twitter.com/qkmLQURP5u
— JAVON
MARKS (@JavonTM1) December 31, 2024
Technical Analysis Supports Shiba Inu’s Surge
Marks’ analysis indicates Shiba Inu is on the …
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