Here’s When Shiba Inu (SHIB) Price Could Rally Back Toward Its All-Time High

Shiba Inu hasn’t had the easiest few weeks. The token touched a 30-day high of $0.00001417 back on August 14, but since then it’s slid lower along with the broader market. 

Right now, SHIB price is sitting around $0.00001228, which means holders are down more than 13% from that recent peak.

Even though the chart looks weak at first glance, analyst Javon Marks thinks things could be about to change. 

He spotted what’s called a bullish divergence on the MACD histogram basically, while SHIB price has been making lower lows, the momentum indicator has been making higher lows.

That’s usually a sign that selling pressure is fading and a reversal could be around the corner. In other words, the worst of the downtrend might be behind SHIB.

Where Could SHIB Price Go Next?

Marks says the first big target is the $0.00003 range, which would be a 163% jump from where SHIB trades now. The last time we saw SHIB around that level was back in early December after Donald Trump’s re-election.

But that’s not the ceiling. If momentum builds, Marks believes SHIB price could run all the way to $0.000081, which would be a 570% surge. That would put the token within touching distance of its all-time high at $0.00008845.

What’s interesting is that Marks has been sticking with this $0.000081 call since last year. He hasn’t given a timeline, but he keeps pointing back to that level whenever SHIB shows bullish signals.

And he’s not alone. Other analysts are also calling for a breakout year for Shiba Inu price, with some saying we could see $0.0001 and even higher. From today’s price of $0.00001228, that would mean a massive 623% climb.

Final Thoughts

Shiba Inu price is down right now, but it might just be setting up for something bigger. If Marks is right, reclaiming the $0.00003 zone would be the first step, and from there, that long-standing $0.000081 target could finally be back on the table.

Read Also: Here’s Why MemeCore (M) Price Is Pumping Today

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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