Analyst Predicts Shiba Inu Surge to $0.000081 as Google Trends Signals Renewed Interest in SHIB

Shiba Inu may be on the verge of a major rally as both technical analysis and market sentiment indicators converge to suggest upside potential. 

Recent analysis from market watcher Javon Marks suggests that Shiba Inu has confirmed a regular bullish divergence on the MACD histogram. This setup typically signals a strong reversal to the bullish territory.

Shiba Inu Eyes Surge to $0.00003 – $0.000081

According to the chart, Shiba Inu has broken out of a previous bearish structure while simultaneously forming a bullish divergence on the MACD. This suggests that momentum may be shifting back in favor of the bulls.

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Marks noted that the divergence signals a major bullish reversal, with the potential to propel SHIB by 163% toward the $0.00003 level.

In a follow-up post, he reiterated the outlook, saying SHIB could rally to a short-term target of $0.000032. For context, Shiba Inu previously traded around the $0.00003 level in December, exactly nine months ago.

Interestingly, he also hinted that Shiba Inu’s rally might not stop at the $0.00003 level. Instead, he forecasted that the token could extend its breakout to as high as $0.000081. This represents a potential 570% surge from SHIB’s price at the time of analysis.

Shiba Inu has not seen the $0.000081 level since the 2021 bull cycle, when it recorded an all-time high of $0.00008845. Since then, it has struggled to revisit the $0.00008 mark and has largely traded within the $0.00001 and $0.00003 price range.

Nonetheless, Marks has consistently predicted Shiba Inu’s climb to $0.000081. However, he did not specify a timeline indicating when the prediction would materialize.

Google Trends Confirms Renewed Retail Interest in SHIB

Beyond the charts, Google Trends data shows Shiba Inu search interest has jumped to the perfect 100 score over the past week, signaling renewed retail momentum. It is worth noting that this positive momentum often precedes major rallies.

The development coincides with growing expectations of a bull run for altcoins. Data from CoinMarketCap indicates that the highly anticipated altcoin season is approaching. The CMC Altcoin Season Index, which was around 29% last month, had spiked to 68% in the hours leading up to press time.

This indicates that 68% of the top 100 non-stablecoin altcoins, including SHIB, have outperformed Bitcoin over the past three months. A reading of 75% or higher officially marks the start of altcoin season.

For context, Shiba Inu has recorded a modest 12.16% gain in the past 90 days. Currently, it is trading at $0.00001313, representing a 7.65% increase over the past week.