Could Shiba Inu (SHIB) really soar by 480%? According to analyst Javon Marks, SHIB could hit $0.000081—and some even think it could climb as high as $0.00015. That’s not just a small bump—that’s moonshot territory!
Why This Forecast Is Turning Heads
Marks’ bold prediction comes after SHIB recently pushed past a key resistance level. Right now, SHIB is trading at $0.00001320, up 3% in the last 24 hours. But here’s the kicker: trading volume spiked 41% to $280 million, pushing the market cap to $7.9 billion. This surge in activity shows that traders are getting serious, even though the market is still caught in a tug-of-war between bulls and bears.
Price Action and Key Levels to Watch
SHIB has been flexing some serious bullish strength lately. It climbed from a low of $0.00001298 to a high of $0.00001380 before pulling back slightly. This kind of movement signals that buyers are stepping up, even as SHIB faces some tough resistance.
So, where’s the trouble spot? The key resistance right now is $0.00001380—this is where sellers have been putting up a fight. If SHIB can smash through that, the next psychological hurdle is $0.00001400. Think of it like trying to break through a ceiling—if SHIB bursts through, we could be looking at a serious upward breakout.
Solid Support at $0.00001320
On the flip side, SHIB’s got strong backup at $0.00001320. Buyers have been stepping in at this level to keep the price from dipping too low. If that line holds, it could give SHIB the push it needs to challenge those higher resistance levels.
But if SHIB slips below $0.00001298—the lowest point in the current trend—it could open the door to more downside action. That’s when the bears might start sharpening their claws again.
Technical Indicators: What Are They Saying?
Let’s talk about the technical side. The Relative Strength Index (RSI) is sitting at 39.81—that’s on the low end, suggesting SHIB is slightly oversold. If the RSI can push above 50, that would be a clear signal that bulls are gaining control.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator shows SHIB in a consolidation phase. The MACD line is hanging below the signal line—basically a sign that bearish momentum is still lingering. But here’s the interesting part: the histogram bars are shrinking, which hints that the selling pressure might be easing up. If that trend continues, we could see SHIB gearing up for its next big move.
The Bottom Line
SHIB is at a critical crossroads. If it can break through $0.00001380 and hold steady above $0.00001400, we could see some fireworks. But if support at $0.00001320 cracks, SHIB might slide back toward lower levels. Either way, it’s shaping up to be a wild ride—so buckle up!