Crypto analyst Javon Marks has doubled down on his bullish outlook for Shiba Inu, maintaining that the popular meme coin could surge by more than 500% from its current trading levels. Despite SHIB experiencing a rough patch with a 4.82% drop over the past day and 15% losses throughout the week, Marks stands firm on his price target of $0.000081.
Breaking Through Resistance Levels
The analyst’s confidence stems from what he identifies as a significant technical breakthrough. Back in mid-July, Marks first spotted SHIB breaking above a long-standing downward resistance trendline that had been in place since the token’s previous all-time highs. This breakout, according to his analysis, set the stage for potential explosive growth.
Trading at $0.00001298 at the time of writing, Shiba Inu would need to climb substantially to reach Marks’ ambitious target. The technical charts he shared reveal that SHIB currently sits in a consolidation phase, positioned above its breakout zone but still below major resistance levels. Two key price targets stand out in his analysis: the primary goal of $0.000081 and a secondary target at $0.00011532.
Shiba Inu Price Can Still Soar 500% According to Top Analyst
Shiba Inu price is likely to record a 500% increase to hit $0.000081, as forecasted by top analyst Javon Marks. https://t.co/zO5frYn9KI pic.twitter.com/6hEnSM0KGI— Coinspeaker (@coinspeaker) July 30, 2025
Technical Patterns Supporting the Bull Case
The chart analysis highlights several bullish indicators that Marks believes support his optimistic forecast. These include a confirmed breakout from the downtrend, successful retesting of former resistance levels that have now turned into support, and sustained momentum above critical price zones. If these patterns hold true, the analyst suggests the upside potential could exceed 500%.
Adding fuel to the bullish narrative, an uptick in SHIB’s burn rate could provide additional upward pressure on the token’s price. Token burns reduce the circulating supply, which theoretically should boost value if demand remains constant or increases.
Meanwhile, the crypto space continues to see new developments with projects like Best Wallet gaining traction. The platform’s presale has already raised $14.35 million, offering features such as reduced trading fees, enhanced staking rewards, and early access to new token launches. Supporting over 60 blockchain networks including Bitcoin and Ethereum, Best Wallet positions itself as a comprehensive solution for crypto investors seeking both security and functionality.
Market Sentiment Analysis
The bearish price action in SHIB coupled with ambitious analyst predictions creates a divergent market narrative that could lead to increased volatility. With negative sentiment currently dominating short-term movements, traders may approach these bullish forecasts with caution while waiting for clearer technical confirmation.
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