A top analyst asserts that Shiba Inu has broken out of a key accumulation phase, with early bullish signals pointing to a potential rally toward the $0.00003 region.
In an X post today, Javon Marks asserted that Shiba Inu has broken out of a key accumulation zone, signaling a possible trend reversal after months of consolidation.
The accompanying chart shows that Shiba Inu initiated a breakout in March 2024, followed by a sharp rally toward $0.000045. It has been a rollercoaster ride for SHIB ever since, with the token climbing above $0.00003 in December 2024.
In the recent commentary, Marks suggested that Shiba Inu has exited this accumulation zone, indicating that a new bullish phase could be starting soon. According to him, the chart also displays bullish divergences that first emerged earlier this year.
Shiba Inu Poised for a 200% Rally
Amid the current setup, Marks projects that Shiba Inu could be gearing up for a 200% price surge. According to him, this 200% rally would take SHIB’s price to $0.000032, which he claims serves as a major resistance zone for the meme-based token.
For context, Shiba Inu last traded around the $0.000032 region in December 2024. At the time, it soared to $0.00003329 on December 8, 2024.
Ever since, it has been on a free fall, eventually extending its decline to around $0.0000075 in the flash crash that occurred on October 10, 2025. However, Shiba Inu has since rebounded from the October 10 low and currently trades at $0.00001003.
Previous Predictions
Notably, Marks has been predicting Shiba Inu’s potential rally toward the $0.000032 level. In July, he highlighted that Shiba Inu had confirmed a clear bullish divergence with its Moving Average Convergence Divergence (MACD) indicator. In his view, this could propel Shiba Inu’s price on a rally toward $0.000032.
As highlighted in earlier forecasts, Marks predicts that if Shiba Inu successfully breaks above the $0.000032 resistance level, it could advance toward $0.000081, nearing its previous all-time high of $0.00008845. From its current price of $0.00001003, SHIB would need to rally by approximately 707.57% to reach this target.
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