Market analyst Javon Marks has projected a potential 480% surge for Shiba Inu (SHIB), setting an ambitious price target of $0.000081**. This bullish forecast comes amid SHIB's recent breakout above a key resistance trendline, with some analysts even speculating a rise to **$0.00015.
As of now, SHIB trades at $0.00001320**, reflecting a modest 3% increase over 24 hours. Trading volume has surged **41%** to **$280 million, signaling renewed interest despite mixed market sentiment.
Key Takeaways
- 480% growth potential for SHIB, per analyst Javon Marks.
- Resistance at $0.00001380**; next target **$0.000014.
- Strong support at $0.00001320, critical for sustaining momentum.
- RSI at 39.81 hints at oversold conditions; MACD suggests consolidation.
👉 Discover how SHIB’s volatility compares to other meme coins
Price Momentum and Critical Levels
SHIB’s recent uptrend saw it climb from $0.00001298** to **$0.00001380 before a slight pullback. Key observations:
Resistance Levels
- $0.00001380: Current selling pressure point.
- $0.00001400: Psychological barrier for bulls.
Support Levels
- $0.00001320: Active buyer zone.
- $0.00001298: Must hold to avoid bearish reversal.
A breakout above $0.00001380** could pave the way for **$0.00001400+, while a drop below $0.00001298 may trigger further declines.
Technical Indicators
Relative Strength Index (RSI)
- 39.81: Weak momentum but nearing oversold territory.
- A rise above 50 would strengthen bullish signals.
Moving Average Convergence Divergence (MACD)
- MACD line below signal line: Bearish pressure persists.
- Shrinking histogram bars: Potential stabilization ahead.
FAQ: Shiba Inu (SHIB) Price Outlook
1. What’s driving SHIB’s 480% surge prediction?
Analyst Javon Marks cites SHIB’s breakout above a resistance trendline and historical volatility as key factors.
2. Can SHIB reach $0.000014 soon?
Yes, if bulls overcome $0.00001380 resistance. Volume and market sentiment will be decisive.
3. Is SHIB a good buy at current levels?
While the $0.00001320 support holds, risks remain due to meme coin volatility. Always DYOR.
👉 Explore meme coin trading strategies
Final Thoughts
Shiba Inu’s trajectory hinges on breaching $0.00001380** or holding **$0.00001320. Technical indicators suggest cautious optimism, but market volatility demands vigilance.
Disclaimer: This content is for educational purposes only. Conduct independent research before investing.