Crypto analyst Javon Marks has some exciting news for Shiba Inu enthusiasts – he’s predicting a potential rally of 180% for the beloved meme coin! According to Marks, an indicator 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 a recent 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. 🤑
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. 🏆
Fundamentals like the SHIB burns and network activity could spark this momentum for the Shiba Inu price. In a recent 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% 🚀
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2025-07-08 01:17