Crypto Analyst Predicts Further Upside For Shiba Inu, Here’s The Target
Shiba Inu is currently on a consolidation path after a strong upswing earlier in the month.
Specifically, SHIB is currently down by 13% in the past seven days, although still up by 210% in a wider 30-day time frame.
According to crypto analyst Javon Marks, Shiba Inu is on its way to another major breakout after the current consolidation.
The analyst sees the meme coin surging to $0.000081, and then a further 90% increase to hit a new all-time high.
Continued Uptrend For Shiba Inu Shiba Inu has seen massive gains recently, rallying 280% from $0.00001178 on the last day of February to $0.00004456 on March 5.
This surge allowed the dog meme coin to outperform most cryptocurrencies amidst a wider bull market, taking a lot of traders by surprise.
This price surge was accompanied by an increase in trading volume.
Kaiko data reveals that Shiba Inu saw the largest volume among meme coins at $31 billion in just one week.
Related Reading: Dogecoin Open Interest Maintains Record Highs, Is A Crash Coming? However, according to social media posts, analyst Javon Marks had predicted a surge as far back as October 2023, with a SHIB price target of $0.000081.
In a recent update to his prediction, Javon noted that the price is set for even more growth, with the breakout target of $0.000081 still valid. Since the attached and more original analysis, prices of $SHIB has shown MASSIVE STRENGTH, climbing approximately +531%, but these prices can be set for even more growth! With the breakout target still at $0.000081, prices of Shiba Inu could have another +147% move coming.
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