Shiba Inu Breaks Key Resistance, Fuels Hopes for Major Price Rally

The meme-inspired cryptocurrency Shiba Inu appears poised for a potential rally despite experiencing recent price declines. Market analyst Javo Marks has identified a critical technical development that could spark substantial gains for SHIB holders.

Breaking Through Multi-Year Resistance

According to the analyst’s assessment, SHIB has successfully broken above a long-standing downtrend pattern that had constrained its price movement for multiple years. This technical breakthrough suggests the digital asset may be entering a new phase of price discovery.

$SHIB (Shiba Inu) has confirmed a clear Bullish Divergence with its MACD and this points to a nearly 180% upside for prices back to $0.000032 and that may only be the start of a much larger positive reversal 💥… pic.twitter.com/YmWAQbahKK

— JAVON⚡️MARKS (@JavonTM1) July 6, 2025

The projection indicates SHIB could potentially experience gains exceeding 500% from current levels. While such forecasts should be approached with measured expectations, the breach of this significant resistance level marks an important milestone for the cryptocurrency’s technical structure.

Short-Term Volatility Amid Long-Term Optimism

Despite the bullish technical signals, SHIB has faced immediate selling pressure, reflecting the volatile nature of cryptocurrency markets. The recent pullback demonstrates how even positive technical developments can be accompanied by short-term price weakness as traders take profits or reassess positions.

Trading Outlook and Market Dynamics

The negative sentiment surrounding this development suggests traders remain cautious about SHIB’s immediate prospects despite the technical breakthrough. This bearish perception could lead to continued selling pressure in the near term, potentially offering entry opportunities for those convinced by the longer-term technical picture.