Shiba Inu (SHIB) Price Predicted to Surge 500% by Analyst

Shiba Inu (SHIB) has the potential to see its price surge by more than 500% from its current level, according to recent market analysis. The meme coin is currently trading at $0.0000125, marking a 3% decline from its daily high and a 9% drop over the past week. Despite these recent dips, an analyst remains optimistic about SHIB’s future prospects.

Technical analyst Javon Marks reiterates his earlier prediction that Shiba Inu is likely to reach $0.000081 during the current market cycle. This target represents a 500% increase from the current price. Marks anticipates a bull run to $0.000033 in December 2024, followed by a price correction back to $0.000010, which he considers a healthy part of the market cycle. The token closing above $0.00002 by the end of 2024 validates his technical outlook. Current price levels at $0.00001290 are seen as a base for the anticipated upward movement.

Market reports indicate that the chart of SHIB exhibits a hidden bullish divergence pattern. This occurs when prices form higher lows, while technical indicators such as the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) show lower lows. Marks interprets this pattern as a sign of increasing buying pressure beneath the surface, despite apparent short-term weakness. The token remains above key support levels and continues to establish higher price lows, reinforcing its technical strength. Market participants are awaiting a break from the recent sideways trading pattern, which could drive prices higher with increased volume.

Recent data shows a growing number of SHIB investors who have held their tokens for over a year. This segment has been steadily increasing since mid-2022 and continues to grow through early 2025. The expansion of long-term holders helps mitigate selling pressures and provides additional support for the price. The number of short-term traders (those holding for less than a month) has decreased by 35%, while intermediate-term holders have increased by 3%. This shift indicates a move away from short-term investment strategies.