Analyst Javon Marks Predicts Shiba Inu (SHIB) Price Could Skyrocket Up to 550%!

Updated

April 7, 2025

Gambar Analyst Javon Marks Predicts Shiba Inu (SHIB) Price Could Skyrocket Up to 550%!

Jakarta, Pintu News – The cryptocurrency market is always full of surprises and speculation. Recently, a prominent market analyst, Javon Marks, predicted that Shiba Inu’s price could jump up to 550%. This prediction was based on a bullish triangle pattern that appeared on Shiba Inu’s four-hour price chart.

Check out the full analysis below!

Technical Analysis Shows Upside Potential

$SHIB (Shiba Inu) –

Target 1: $0.000081 (Over +550% Upside) https://t.co/zHPatL78zZ pic.twitter.com/0bViIAOYns
— JAVON⚡️MARKS (@JavonTM1) April 4, 2025

Javon Marks, a respected analyst in the crypto community, has revealed that Shiba Inu (SHIB) is showing signs of going through a significant price increase.

Marks discovered a hidden bullish divergence in a post on X that could stop the ongoing downtrend and trigger a trend reversal.

This analysis is supported by Shiba Inu’s price increase of over 900% in 2021, which suggests that a similar pattern may repeat itself. Shiba Inu (SHIB) has formed an ascending triangle pattern on the four-hour price chart, suggesting potential for further gains.

Higher lows consistently form while the resistance level remains at $0.0000124, suggesting a gradual increase. If buying pressure increases and is able to push the SHIB price past this resistance level, strong bullish momentum could occur.

Bullish Triangle Pattern and Technical Indicators

shiba iny bullish triangle — Source: Coingape

The ascending triangle pattern formed on the Shiba Inu (SHIB) price chart is a classic indicator often associated with the continuation of an uptrend. This pattern forms when the price makes higher lows that meet constant resistance, indicating gradual accumulation.

The RSI indicator, which stands at 48, close to the neutral level, shows that the selling pressure is easing. This could support a strong uptrend for this meme coin. Also, if the buying pressure is strong enough to push the price past the existing resistance, this could catalyse a significant price increase.

Bearish Case for Shiba Inu Price

Despite strong bullish predictions and a favorable technical outlook, several factors could still derail the potential price rise of Shiba Inu (SHIB). The SHIB burn rate has decreased by 75%, which means fewer tokens are being taken out of circulation.

This could affect SHIB’s ability to achieve significant price increases. In addition, the overall market capitalization of meme coins has decreased from $55 billion to $47 billion in the last 30 days.

This decline follows a decrease in speculative activity, which could cause bearish winds. However, if Shiba Inu (SHIB) reverses the $0.0000124 resistance level with strong buying volume, this could support the uptrend.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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