Shiba Inu (SHIB) may experience a remarkable price increase, potentially exceeding five times its current value. Presently, the meme coin trades at $0.0000125, reflecting a 3% decline from its daily peak and a 9% drop over the past week. Despite these recent setbacks, an analyst remains positive about SHIB’s future.
Price Target Suggests Whopping Gains Ahead
Technical analyst Javon Marks reiterates his earlier forecast that Shiba Inu is likely to reach $0.000081 in the current market cycle—a staggering increase of 500% from its current price. Marks previously highlighted SHIB’s bullish surge to $0.000033 by December 2024, followed by a drop back to $0.000010, which he considers a “normal” part of a healthy correction process.
As of the close in 2024, the token’s price remained above $0.00002, which Marks views as confirmation of his technical analysis. Current price levels, at $0.00001290, are defined by him as a strong foundation for the expected upward movement.
We maintain our $0.000081 breakout target for $SHIB (Shiba Inu), projecting a nearly +500% uphill run to reach it… https://t.co/8OdILFYB5q pic.twitter.com/jTxSAGqiWA
— JAVON
MARKS (@JavonTM1) May 3, 2025
Technical Indications Suggest Hidden Bullish Divergence
Recent market analyses reveal that SHIB’s chart displays a phenomenon known as hidden bullish divergence. This occurs when the price forms higher lows, while key technical indicators like the RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) show lower lows.
Marks interprets this pattern as a signal of accumulating buying pressure, despite the perceived short-term weakness in momentum indicators. The coin maintains its position above critical support levels while simultaneously achieving higher price lows, enhancing its technical strength. Market participants are awaiting a breakout from the recent sideways trading pattern, with potential for upward momentum to accelerate as volume surges.
Long-Term Holders Keep Growing
In a broader context, recent statistics reveal a growing number of SHIB investors maintaining their positions for over a year. This segment has seen consistent growth since mid-2022 and continues to expand through early 2025. Notably, long-term holders increased during both market uptrends and downturns, demonstrating a commitment to accumulation regardless of market conditions.
The rise in long-term holders typically mitigates selling pressures, providing crucial support levels as well as stability in the market. Conversely, the proportion of short-term traders—those holding less than a month—has decreased by 35%, while intermediate-term holders have risen by 3%. This shift indicates a move away from short-term investment strategies.
Featured image from Unsplash, chart from TradingView
