Crypto Analyst Predicts Up to 246% Surge in Shiba Inu (SHIB) Price as Rare Pattern Emerges

Jakarta, Pintu News – The price of Shiba Inu (SHIB) continued to show significant gains on Monday, reaching its highest point since November 11. With a nearly 50% increase from this year’s low, Shiba Inu has become one of the best performing tokens in the crypto market. Analysts predict that the token will still be on the rise in the coming weeks.

Technical Analysis Shows Upside Potential

Javon Marks, a well-known crypto analyst with over 50,000 followers on the X platform, predicts that the price of Shiba Inu (SHIB) will surge by 246% to reach $0.00003. This is based on the formation of a bullish divergence pattern, where the oscillator increases while the asset decreases. This pattern often signals a potential price increase in the future.

In addition, the daily chart shows the formation of a common descending wedge pattern, characterized by two descending and converging trend lines. Usually, a bullish breakout occurs when these two lines almost converge. Shiba Inu’s price increase is also supported by the Supertrend indicator, which is showing a positive signal for the first time since July last year.

Also read: Bitcoin (BTC) Price Heads to $100,000: Is This a Bullish Phase or a Bulltrap?

Key Drivers: Rally Coin Meme

One of the main catalysts for Shiba Inu’s price increase was the ongoing meme coin rally, which also affected Bitcoin (BTC) and other altcoins. This phenomenon is often referred to as the January Effect, where investors tend to buy assets that have fallen in price at the end of the year. Data from third parties shows that open interest has reached $145 million, the highest level since October 10.

In addition, the Crypto Fear and Greed Index showed an increase from a low value of 10 in December to the current 42. Meme coins tend to perform well when the market shows a sense of greed. Data shows that other meme coins such as Pepe Coin (PEPE), Dogwifhat, and Bonk have also seen a rise, with a total market capitalization of over $52 billion.

Also read: Bitcoin Breaks $94,000, While Crypto Volume Plummets to Lowest Level Since 2023

Shiba Inu Price Projections and Risks

With various technical indicators in favor, Shiba Inu’s price projection appears bullish with a short-term price target at $0.00001484, which was the high point on September 13. This target suggests a potential upside of about 52% from current levels. However, keep in mind that a drop below the $0.00000684 support level could derail this bullish outlook.

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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.

Reference

• Coingape. Expert Predicts a 246% Shiba Inu Price Surge as a Rare Pattern Forms. Accessed on January 7, 2026
• Featured Image: Generated by AI