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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

Scott Matherson
Scott Matherson
1 month ago
3 mins read
Shiba Inu

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Crypto analyst Javon Marks has provided a bullish outlook for the Shiba Inu price, predicting a potential rally of 180%. The analyst alluded to an indicator that suggests that SHIB can record this explosive rally, reclaiming the psychological $0.00002 level in the process. 

Shiba Inu Price Eyes 180% Rally As MACD Forms Bullish Divergence

In an X post, Javon Marks stated that the Shiba Inu price has formed a clear Bullish Divergence with its Moving Average Convergence Divergence (MACD). He further remarked that this points to a nearly 180% upside for SHIB to rally to $0.000032. Marks added that this may only be the start of a much larger positive reversal for the meme coin. 

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Shiba Inu

Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

1 month ago

His accompanying chart showed that the Shiba Inu price could hit this target between now and year-end. This provides a bullish outlook for the meme coin, which has greatly underperformed this year. SHIB has recorded a 45% loss year-to-date (YTD). Meanwhile, the coin is also down over 8% in the last 30 days. 

This represents a change of fortune for the meme coin, which recorded a gain of around 150% in 2024. However, based on Javon Marks’ analysis, the Shiba Inu price could still end this year in the green if it records this projected 180% rally. SHIB could also reclaim one of the top 10 spots in the ranking of cryptocurrencies by market cap. 

Shiba Inu
Source: Javon Mark on X

Fundamentals like the SHIB burns and network activity could spark this momentum for the Shiba Inu price. In an X post, a SHIB community member revealed that the meme coin has just shattered another record. Over 1.5 million on-chain wallets now hold the meme coin, with the number still rising. 

However, the SHIB burns will need to pick up as they remain unstable. Shibburn data shows that the daily burns have crashed by over 82%, with 1.5 million SHIB burned in the last 24 hours. The burn rate is also down around 11% in the last seven days, with 48 million SHIB burned during this period. 

SHIB Can Rally As Much As 600%

Javon Marks is still confident that the Shiba Inu price can rally as much as 600% in the long term. He recently stated that the $0.000081 target for SHIB remains unchanged and that sights are still on an over 609% uphill run to reach it in response to a massive holding breakout of the displayed resisting trend. 

Related Reading

Shiba Inu

Shiba Inu Price Could See 180% Explosion As This Indicator Flashes Bullish Divergence

1 month ago

The analyst remarked that due to the post-breakout action, he sees this target being broken above, bringing $0.0001553 in play. Marks, however, failed to provide a specific timeline for when this 600% Shiba Inu price rally could occur. 

At the time of writing, the Shiba Inu price is trading at around $0.00001181, up over 3% in the last 24 hours, according to data from CoinMarketCap.

Shiba Inu
SHIB trading at $0.000011 on the 1D chart | Source: SHIBUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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