Shiba Inu (SHIB) Looks Set to Surge by 75% Above Its 2024 Highs, Analyst Javon Marks Suggests

Javon Marks has suggests that the SHIB token could be preparing to surge. In a recent post on X, Marks pointed out that the Shiba Inu will most probably regain its value and hit the 162% gain in the past several months.

Cryptocurrency influencer Javon Marks has suggested that the SHIB token could be preparing for a surge.

In a recent post on X, Marks pointed out that the Shiba Inu will most probably regain its value and hit the 162% gain in the past several months.

This has been supported by a Hidden Bullish Divergence which indicates possibility of price movement.

$SHIB (Shiba Inu) looks to be in some of its best positions in years, holding well broken out and up over 162% since, while also showing majorly positive responses to a recent Hidden Bullish Divergence!

This divergence can suggest an over 75% move above the 2024 Highs but that… https://t.co/pKDT2dWaUn pic.twitter.com/0L7gwCcSAf

A recent analysis shows that the Hidden Bullish Divergence suggests that SHIB could climb more than 75% beyond its 2024 highs to launch a larger advance.

The analyst also believes that there will be a 215% rise and the first major level is at $0.000081.

This level is a key level that could lead to further increase in the price of SHIB in the coming few weeks.

Breaking Down Shiba Inu’s Breakout Potential

The Hidden Bullish Divergence is a technical type of analysis that suggests bullish market strength when an asset’s price is making lower lows.

At the same time, the Relative Strength Index (RSI) made higher lows.

From this divergence, one can conclude that the asset is in the process of a reversal since there is still an increase in buying pressure as the asset price is still going on with the consolidation zone.

Such a restatement pattern culminates to a very strong bullish breakout for SHIB.

Those interested in SHIB and holding it or contemplating to do so should be advised to monitor the market as the token may soon experience further fluctuations.

If SHIB is able to break past $0.000081 then it could possibly soar even further past this point.

Shiba Inu’s 3X Potential

Shiba Inu is clearly attracting more investors in search of the next major cryptocurrency since a 3X potential return on investment is becoming more and more realistic.

At the time of writing, Shiba Inu is at $0.00002414, which is a 8.43% fall in the last 24 hours.

Source: TradingView

Shiba Inu has also recently displayed robustness, hence if you are in the crypto market, there is every reason to expect the price of Shiba Inu to hit the roof in the near future.

The SHIB investors should be cautious and vigilant since the token is likely to continue with the current rally and hit new highs.