Shiba Inu Price Target Set at $0.000081 for 500% Gain
Recent analysis suggests that Shiba Inu (SHIB) could see its price increase by over 500%, targeting $0.000081 from the current price of $0.0000125. Despite a recent decline of 3% daily and 9% weekly, an analyst remains optimistic.
Price Projection
- Current trading price is $0.0000125.
- Analyst Javon Marks predicts a rise to $0.000081 during this market cycle.
- The anticipated bull run may reach $0.000033 in December 2024, followed by a correction to $0.000010.
- Current price levels are seen as a base for future gains.
Bullish Divergence Indicated
- Charts show hidden bullish divergence in SHIB's price trend.
- This indicates increasing buying pressure despite short-term momentum weakness.
- The token maintains support levels while establishing higher lows.
- A breakout from the recent trading pattern may lead to upward price movement.
Long-Term Holding Growth
- Data shows an increase in SHIB investors holding for over one year.
- Growth has been consistent since mid-2022, continuing into early 2025.
- Long-term holders help stabilize prices and reduce selling pressure.
- Short-term traders have decreased by 35%, while intermediate-term holders grew by 3%.