- Shiba Inu may rally over 500% as it breaks a major trendline, signaling a possible shift from long-term bearish pressure.
- SHIB’s explosive 87,000% surge in 2024 was followed by a sharp crash, but new technical signals hint at a potential recovery.
- High trading volume and hidden bullish divergence support the idea that SHIB could rebound despite recent heavy price drops.
Shiba Inu (SHIB) could be preparing for a rally. According to analyst Javon Marks, SHIB’s breakout target is fixed at $0.000081. This projection implies over 500% upside from its current price around $0.000013. The bullish outlook follows a confirmed resisting trend break, which now serves as a crucial support level. Traders believe this move could spark a fresh uptrend, especially after months of declining momentum.
From Boom to Bust
SHIB’s price journey from 2022 to 2025 has been dramatic. In late 2024, the token skyrocketed from near-zero levels to $0.000735. That rise was an 87,000% gain in a matter of weeks. Consequently, early buyers made life-changing profits.
Source: Javon Marks
However, the momentum faded just as quickly. SHIB began a steep correction soon after its all-time high. The price retraced sharply, wiping out most of its gains and leaving many investors with heavy losses. It now trades over 95% below the October 2024 peak.
Besides, SHIB’s decline wasn’t random. Analysts spotted several key technical signals, including a “breakout,” a “retest,” and “hidden bullish divergence.” These patterns suggest the downtrend could be losing strength.
Technicals Show Recovery Signs
Moreover, recent analysis shows SHIB has broken past a major descending trendline. This break often signals a shift from bearish to bullish sentiment. Javon Marks believes this could trigger a strong rally toward $0.000081. Hence, technical traders are positioning for a possible breakout confirmation.
Additionally, over 75 billion SHIB tokens exchanged hands during this period. That high volume confirms significant interest from both retail and whale traders. It also indicates strong liquidity, which can help support upward price movement.
