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Shiba Inu (SHIB) might have its price increase more than fivefold from where it is now, based on recent market analysis. The meme coin trades at $0.0000125, down 3% from its daily high and 9% within the last seven days. In spite of these latest plunges, an analyst is optimistic about SHIB’s prospects.
Price Target Suggests Whopping Gains Ahead
Technical analyst Javon Marks reaffirms his earlier projection that Shiba Inu will most probably reach $0.000081 during the current cycle in the market. This goal is up 500% from the current price. Marks mentions SHIB’s bull run to $0.000033 in December 2024. Then, the price drops back to $0.000010, which according to the analyst, is “expected” and part of a healthy correction process.
The token settled above $0.00002 as of the close in 2024, something Marks considers as validation of his technical perspective. Present price levels at $0.00001290 now are what he terms a base for the anticipated higher move.
We maintain our $0.000081 breakout target for $SHIB (Shiba Inu), projecting a nearly +500% uphill run to reach it… https://t.co/8OdILFYB5q pic.twitter.com/jTxSAGqiWA
— JAVON⚡️MARKS (@JavonTM1) May 3, 2025
Technical Indications Suggest Hidden Bullish Divergence
As per market reports, the chart of SHIB shows a trend called hidden bullish divergence. This occurs when prices create higher lows but technical indicators such as RSI (Relative Strength Index) or MACD (Moving Average Convergence Divergence) give lower lows.
Marks infers this pattern is indicative of increasing buying pressure hidden beneath, contrary to apparent weakness in near-term momentum measures. The token remains above such key levels of support while also establishing higher price lows, adding to its technical strength. Buyers and sellers wait for a break from the sideways pattern of recent trading, something that may force prices upward when volume increases.
Long-Term Holders Keep Growing
Meanwhile, latest data indicates growth in SHIB investors with over one year holding the same. The segment has consistently increased since mid-2022 and continued to grow through early 2025. Long-term holders grew during both price appreciation and depreciation, indicating steady accumulation during any market condition.
An expanded foundation of long-term holders normally tames selling pressures, assisting with price support as well as other important support areas. The size of short-term traders (lesser than a month’s holders) declined by 35%. Holders with intermediate terms have risen by 3%. This change demonstrates deceleration towards short investment programs.
Featured image from Unsplash, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
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.
