Shiba Inu Price Target Maintained at $0.000081 by Analyst
Javon Marks, a crypto analyst, expressed optimism about the future price of SHIB, despite a 4.82% decline over the last 24 hours to $0.00001298. Over the past week, SHIB has recorded losses of up to 15%, but Marks noted a multi-year trendline breakout indicating potential bullish momentum.
Shiba Inu Price Outlook
- Current price: $0.00001298
- Recent decline: 4.82% in 24 hours
- Weekly losses: 15%
- Projected target: $0.000081
- Potential upside: over 500% from current levels
- Key resistance levels: $0.000081 and $0.00011532
- Chart indicates consolidation phase above critical breakout zone
- Increased SHIB burn rate could further impact price
Marks highlighted that the recent breakout and retest of resistance as support could lead to significant price movement if trends hold.