Crypto analyst Javon Marks maintains a bullish outlook on Shiba Inu (SHIB), predicting a potential 348% surge to $0.000081 despite recent market volatility. His analysis hinges on positive technical indicators, including a hidden bullish divergence on SHIB’s 6-day chart, signaling upward momentum.
Shiba Inu’s Price Correction and Bullish Signals
The crypto market faced a pullback this week, erasing部分 gains from the previous bullish rally. SHIB, currently trading at $0.0000178, must climb significantly to hit Marks’ target. Key observations:
- Hidden Bullish Divergence: Suggests underlying strength despite price dips.
- Consolidation Phase: Indicates preparation for a strong uptrend.
- Historical Patterns: Align with potential retests of all-time highs.
Critical Resistance at $0.00002
SHIB’s near-term trajectory hinges on overcoming $0.00002, a major resistance level:
- Bullish View: Analyst Jack forecasts a 51% rally to $0.000027 if resistance breaks.
- Bearish Scenario: SwallowPremium warns of a 26.5% drop to $0.00001407 if selling pressure persists.
Token Burns and Long-Term Potential
SHIB’s burn mechanism fuels optimism:
- Recent Burn Rate: 6,750% increase (October 23), removing 27.1 million tokens.
- Weekly Burns: ~58 million tokens destroyed, reducing supply.
- Ecosystem Growth: Sustained burns + Shibarium adoption could drive price toward $0.01.
Shibarium Activity and Ecosystem Momentum
Shiba Inu’s Layer-2 blockchain, Shibarium, shows explosive growth:
- Active Accounts: Up 1,559% in 24 hours (26,237 accounts).
- Daily Transactions: Surged to 1.76 million (from 128,047).
While TVL remains stable, rising engagement underscores Shibarium’s utility within the ecosystem.
FAQs
Q: What’s driving SHIB’s potential 348% surge?
A: Technical patterns (bullish divergence) and ecosystem developments (Shibarium, burns).
Q: Can SHIB hit $0.000081 soon?
A: Possible if it breaks $0.00002 resistance and maintains bullish momentum.
Q: How do token burns affect SHIB’s price?
A: Reduced supply + increased demand could lift prices long-term.
Q: Is Shibarium adoption impacting SHIB’s value?
A: Indirectly—higher usage boosts utility, potentially attracting investors.
👉 Why experts watch SHIB’s burn rate
Final Thoughts
While short-term volatility persists, SHIB’s technical strength, burn mechanics, and Shibarium growth create a compelling case for long-term upside. Traders should monitor the $0.00002 level as a make-or-break pivot.
Disclaimer: This content is for informational purposes only and not financial advice. Crypto investments carry risks.
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