Shiba Inu Breaks Downtrend Amid 500% Price Surge Potential

Shiba Inu (SHIB) has recently attracted attention from analysts following a technical pattern that suggests a potential price surge of over 500%. Despite a short-term dip, the altcoin has shown signs of momentum after breaking a multi-year downtrend, which analysts view as a bullish signal. Technical analyst Javo Marks has reiterated his price target of $0.000081, up from the current level of $0.00001298, representing a fivefold increase. This target is based on a confirmed breakout pattern, where SHIB retested the broken trendline as support, reinforcing the strength of the move [1].

Marks’ analysis identifies two critical profit-taking zones at $0.000081 and $0.00011532. According to him, surpassing the first level could trigger a push toward the second, but this will depend on increased buying pressure and a move out of the current consolidation phase [1]. The analyst also notes that the recent pullback—where SHIB lost 15% in the past week—may be a normal correction within a broader bullish trend. He argues that each close above the trendline could signal renewed market confidence and provide a foundation for further gains [1].

A key factor supporting Marks’ bullish outlook is the ongoing increase in the coin burn rate, which reduces the circulating supply and can drive price appreciation. This, combined with sustained volume and positive sentiment, could create favorable conditions for SHIB to reach the $0.000081 target. However, the path to this goal requires careful monitoring of consolidation patterns and investor behavior. Prolonged sideways movement could invite short-term selling, especially from indecisive holders [1].

Despite the risks, the technical indicators remain aligned with a significant upward trajectory for Shiba Inu. As long as the breakout remains intact and accumulation continues, the altcoin could see renewed investor interest and a stronger push toward the upper resistance levels. The market will likely remain closely watchful for signs of volume expansion and sentiment shifts that could either accelerate or stall the potential rally.

Source: [1] Shiba Inu Surges: Embrace a 500% Potential Upswing (https://coinmarketcap.com/community/articles/688a1d281c29df0fa3641d00/)