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Expert Explains Why Shiba Inu Could See a 6x Price Surge Despite Market Doubts

Lele Jima
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Expert Explains Why Shiba Inu Could See a 6x Price Surge Despite Market Doubts

Despite mounting skepticism over Shiba Inu’s growth potential, a prominent analyst argues that SHIB could still deliver nearly 6x gains from its current price. 

Like most cryptocurrencies, Shiba Inu is facing a wave of skepticism from some community members who once believed in its prospects. This skepticism stems from the token’s performance this year, which many find disappointing. 

For context, Shiba Inu has lost roughly 32% of its value year-to-date (YTD), hovering around the $0.00001 mark for most of the year. 

Due to its underwhelming performance, some investors who once anticipated the token would surge past $0.00008 and reach a new all-time high this year are now skeptical about this outcome. 

Analyst Maintains $0.000081 Target 

Despite this growing skepticism, popular analyst Javon Marks has continued to maintain his $0.000081 target. He has been forecasting Shiba Inu’s rise to an ambitious target since last year, despite the asset’s significant price fluctuations. 

In a recent update, he emphasized that Shiba Inu’s technical structure suggests the asset may be gearing up for a surge toward the $0.000081 mark. He indicated that the $0.000081 target represents a nearly 6x surge from current levels. 

The accompanying chart shows Shiba Inu breaking out from a long-term resistance, signaling a shift from bearish to bullish momentum. Historical patterns, as highlighted in the chart, suggest that SHIB tends to consolidate before staging strong upward rallies. 

Interestingly, the chart suggests that this trend may be repeating itself, reinforcing Marks’ confidence in an upcoming rally toward the $0.000081 target. While some doubt SHIB’s ability to rally high, Marks claims the technical structure supports the upward movement.  

Shiba Inu Reclaims $0.000014 Target 

In the meantime, Shiba Inu has been making some bullish moves in the past few hours. Earlier today, it broke through the $0.000014 level for the first time since August 14. The recent upsurge coincides with a broader market rally, which has lifted the prices of major assets, including Ethereum and Bitcoin. 

Shiba Inu was not left out in the latest relief rally. Over the past 24 hours, Shiba Inu has spiked by 6.7%. This pushed its weekly gains to 14.17%. However, it has only seen a modest increase of 2.21% over the past month. Currently, SHIB is trading at $0.00001412, boasting a market capitalization of $8.32 billion. 

Expert Reveals New Launch Date for REX-Osprey XRP ETF

Lele Jima
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Expert Reveals New Launch Date for REX-Osprey XRP ETF

The launch of the REX-Osprey XRP ETF, initially slated for Friday, has been postponed to a later date. 

Popular Bloomberg ETF analyst James Seyffart made this known in a recent update. Early reports indicated that the REX-Osprey XRP ETF was slated for a September 12 launch, following what appeared to be tacit approval from the U.S. SEC. 

However, Seyffart stressed that a more realistic timeline for the launch is next week, noting that the REX Shares and Osprey Funds ETFs tied to XRP and Dogecoin are expected to go live then. 

Seyffart’s colleague, Eric Balchunas, also confirmed the development in a separate X post. He indicated that the launch has been pushed back again. Recall that the ETFs were initially expected to debut on September 11, before being pushed back to the following day. 

Will REX-Osprey XRP ETF Launch Next Week?

In his latest update, Balchunas claimed that the launch is likely to occur around the middle of next week, probably on Thursday, September 18. It is worth noting that Balchunas’ update is specifically for the REX-Osprey DOGE ETF ($DOJE). 

Earlier, he indicated that the REX-Osprey DOGE ETF would debut in the U.S. ahead of other proposed crypto ETFs, such as the XRP Fund. At the time, he claimed the XRP fund and other ETFs from the issuer will launch in subsequent weeks after $DOJE rolls out. 

However, given the repeated delays, it is now uncertain whether the team will be able to maintain its original plan of launching the Dogecoin ETF before the XRP product. 

REX-Osprey Crypto ETFs 

For context, REX Shares and Osprey Funds are pushing to roll out multiple ETFs focused on cryptocurrencies, such as XRP, Bitcoin, Ethereum, Dogecoin, and others. To accelerate approval, they filed an effective prospectus for the products under the 1940 Investment Act. 

Unlike the REX-Osprey SOL + Staking ETF (SSK), which was initially structured as a C-corporation, the upcoming ETFs from the team will be organized as Registered Investment Companies (RICs). 

First Spot XRP ETF? 

Although many in the community have called the upcoming REX-Osprey XRP ETF the first spot product tied to the token, its structure indicates it may not be an actual spot ETF. 

According to the filing, the fund will invest at least 80% of its assets in XRP. Additionally, no more than 25% of the assets will be channeled into a Cayman Islands subsidiary in compliance with the tax rules governing RICs. 

Notably, the remaining assets will invest in Money Market Funds, XRP futures and swaps, U.S. Treasuries, non-U.S. crypto ETFs, and other cash equivalents. 

With the launch date of the REX-Osprey XRP ETF uncertain, investors await the SEC’s ruling on actual spot XRP ETF applications. The agency is reviewing at least 10 proposals from issuers, including Franklin, Canary, and Bitwise, but has repeatedly delayed its decisions. The SEC now faces an October deadline to approve or deny some of these applications. 

Crypto CEO Says Even if XRP Hits $100, It Won’t Mean Much Without a Plan

Abdulkarim Abdulwahab
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Crypto CEO Says Even if XRP Hits $100, It Won’t Mean Much Without a Plan

Jake Claver, CEO of Digital Ascension Group, warns that XRP investors risk squandering potential gains if they lack a clear financial strategy.

In a Wednesday tweet, Claver cautioned the crypto community against complacency, saying, “Too many people in crypto are flying blind.”

He stressed that even if XRP were to surge to $100 per token, it would mean little for investors who don’t have a plan to manage their wealth effectively.

Preparation Ahead of Big Gains

Claver advised holders to define their financial goals, document their strategies, and prepare ahead of time before emotions take over during a bull run. “Financial freedom doesn’t come from hoping,” he added, emphasizing that it comes from having a clear plan when the opportunity arises.

His commentary highlights the importance of preparing ahead of the windfall many expect from XRP. The coin currently trades just above $3. However, industry leaders like Claver forecast returns that could exceed 3,200%, far surpassing what traditional stocks like Apple, NVIDIA, and Tesla have delivered over the past five years.

Given that such an outcome could significantly change the financial standing of the average investor, Claver stresses the need for a solid plan so that newfound wealth isn’t quickly lost.

How to Prepare for Wealth Before the Windfall

Claver has consistently emphasized that investors must establish legal, tax, and security structures in advance. He argues that trusts, LLCs, and digital asset custody solutions should be tailored specifically for crypto, rather than relying on traditional frameworks for fiat wealth. This proactive approach ensures that any future XRP profits are secure and tax efficient.

In response, one commenter shared their own plan. Notably, the plan involves gradually selling from their 1,000 XRP holdings at various psychological price levels and securing real estate over the next ten years.

XRP Future Outlook and the Reality of Wealth Management

Speculation around XRP’s long-term price remains a hot topic. Some long-term forecasts suggest levels up to $100, as noted in Claver’s recent post.

At $100, a holding of 5,000 XRP worth just $15,000 today would balloon to half a million dollars. This elevates an average investor toward millionaire status.

Interestingly, Claver is among the XRP bulls who believe a $10,000 price is a future possibility. In such a hypothetical scenario, even holding just 500 XRP could result in a portfolio valued at $5 million.

While these projections are enticing, Claver and other consultants, including Armando Pantoja, argue that the real challenge isn’t making money but keeping it.

According to Pantoja, sudden crypto wealth often disappears within 18 months if no strategy is in place. Due to this high risk, he stresses diversification into Bitcoin and real-world assets like farmland and dividend-paying stocks.

“Let’s Reach ATH First”

While XRP bulls continue to entertain hopes of massive future gains, critics argue that such discussions may be premature. They contend the coin should first surpass its all-time high and aim for $10 before claims of reaching $100 or beyond can be taken seriously.

Pundit Says Many XRP Millionaires Will Be Born in October: Here’s Why

Abdulkarim Abdulwahab
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Pundit Says Many XRP Millionaires Will Be Born in October: Here’s Why

The prospect of new millionaires emerging from the XRP Army as early as October is gaining renewed traction in the community.

Notably, those supporting this view are banking on key events involving XRP to occur next month. In a tweet this week, XRP commentator Kenny Nguyen said “many XRP millionaires will be born in October” once spot XRP ETFs gain approval and begin trading.

His view reflects a popular optimism within the community. Influencer CryptoBull also recently suggested that September may remain quiet for XRP, but that “fireworks” are coming in October.

These predictions align with the U.S. Securities and Exchange Commission’s final decision deadlines for a wave of spot XRP ETF applications, scheduled between October 18 and 25.

October Deadlines Could Be the Catalyst

At least eight issuers, including Grayscale, 21Shares, Bitwise, Franklin Templeton, WisdomTree, ProShares, Canary Capital, and CoinShares, are awaiting approval from the SEC.

Grayscale leads with a deadline of October 18, seeking to convert its $500 million XRP Trust into a spot ETF. Analysts forecast combined inflows of up to $8 billion in the first year. They expect Grayscale and Franklin Templeton alone to pull in $1 billion each.

Bloomberg estimates the odds of approval by year-end at 90–95% amid the SEC’s recent regulatory shift and Ripple’s legal victory. If approved, trading could begin within 24–48 hours, mirroring the rapid launches of Bitcoin ETFs.

Frankfurt Analysis: XRP Ready for Breakout

Oliver Michel, CEO of Tokentus Investment AG, reinforced this outlook from the floor of the Frankfurt Stock Exchange. He emphasized that while Bitcoin may continue to rise, the most significant upside lies with altcoins like XRP. Michel sees potential gains of up to 300% for top altcoins, compared to Bitcoin’s more modest upside.

According to him, XRP, currently consolidating near $3, is waiting for a catalyst. He noted that the approval of spot ETFs could provide the spark, mirroring Bitcoin’s explosive growth following ETF approvals earlier this year.

In addition, CME Group’s XRP futures recently surpassed $1 billion in open interest in just over three months. Meanwhile, futures XRP ETFs already hold more than $800 million in assets.

Analysts believe the introduction of spot products would bring fresh institutional demand, potentially accelerating XRP’s rally.

However, community forecasts vary widely, with some predicting XRP above $10 by year-end, while others, such as Zach Recor, project prices as high as $30 by 2026.

If October brings the approvals many expect, Nguyen’s prediction of new “XRP millionaires” may not be far-fetched.

But Who Will Become a Millionaire in October?

Nonetheless, those with the best chance of becoming millionaires may already be holding significant XRP positions.

To put things in perspective, holders of 100,000 XRP tokens (currently worth around $300,000) would become millionaires if the token soared to $10 next month.

According to the XRP Rich List, only 34,839 accounts hold 95,000 XRP or more. In contrast, over 5.5 million retail investors hold between 20 and 500 XRP.

iPhone 17 Unveiled: Here’s How Much You’d Have Today If You Chose XRP Over iPhones Since 5s

Sam Wisdom Raphael
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iPhone 17 Unveiled: Here’s How Much You’d Have Today If You Chose XRP Over iPhones Since 5s

An investor would have enough now to buy 691 units of the iPhone 17 if they had invested in XRP instead of buying each iPhone since the 5s.

Notably, Apple just announced the iPhone 17 lineup, with official sales kicking off on September 19, 2025. As always, excitement has kicked in among consumers. Some people have already locked in pre-orders for the base model at $799, while others are waiting to grab theirs on launch day. 

For many Apple fans, upgrading every year has become a tradition. However, what if, instead of buying every new iPhone since 2013, someone had put that same money into XRP? 

XRP has witnessed price fluctuations over the years, but some believe this presented an accumulation opportunity. While Apple’s iPhones have had improved features, XRP has turned relatively small amounts into fortunes for early adopters.

We recently conducted an assessment of the cost of XRP at the time of each iPhone release since XRP began trading. Notably, the evaluation revealed just how much potential value buyers gave up by chasing the latest device.

How Much XRP Each iPhone Cost

When the iPhone 5s launched in 2013, it cost $199. XRP traded at only $0.011, so buying that phone instead of XRP meant passing on 18,090 tokens. Meanwhile, the iPhone 6 followed in 2014 with the same $199 price tag, but because XRP slipped to $0.00517, the cost jumped to 38,491 tokens.

When the iPhone 6s arrived in 2015 at $199, XRP had inched up to $0.00671, putting the equivalent price at 29,657 tokens. Notably, Apple raised the bar in 2016 with the iPhone 7 at $649. XRP stayed low at $0.00839, so the purchase would have taken 77,354 tokens.

In 2017, Apple released both the iPhone 8 and the iPhone X. The iPhone 8 cost $699, which equaled 4,090 tokens at XRP’s $0.1709 price. However, the iPhone X carried a $999 price tag, or 4,981 tokens with XRP trading at $0.2005. By then, XRP’s climb had slashed the token’s cost compared to earlier years.

In 2019, the iPhone 11 launched at $699. With XRP trading for $0.3015, buyers gave up 2,317 tokens. The iPhone 12 followed in 2020 at $799, requiring 3,105 tokens at $0.2572. Meanwhile, the iPhone 13, released in 2021 at the same $799, came when XRP briefly touched $1.002. As a result, only 797 tokens were necessary.

Prices changed again in 2022 when the iPhone 14 cost $799 at an XRP price of $0.3259, or 2,451 tokens. The iPhone 15 in 2023 stuck to $799, but XRP rose to $0.507, dropping the cost to 1,576 tokens. A year later, the iPhone 16 came at the same $799, equal to 1,360 tokens with XRP at $0.5869.

iPhone to XRP Price Comparison
iPhone to XRP Price Comparison

Total XRP Passed Up for the iPhone

Adding everything up, anyone who bought every iPhone from the 5s to the 16 spent the equivalent of 184,277 XRP. Buying and holding those tokens instead of trading them for phones would leave that person with $552,831 today at XRP’s current price of $3.

This amount could buy 691 units of the upcoming iPhone 17 with money to spare. While those who chose to upgrade each year enjoyed the latest tech, any investor who stuck with XRP instead saw impressive returns. Interestingly, with predictions of a possible XRP rally to prices like $10, the 184,277 XRP could potentially cross the $1 million mark.

Pundit Says You Won’t Get Rich on 100 XRP; You Need Thousands

Abdulkarim Abdulwahab
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0
Pundit Says You Won’t Get Rich on 100 XRP; You Need Thousands

A prominent XRP community commentator has reignited the long-running debate about how much XRP investors need to hold to achieve life-changing wealth.

Bale, a widely followed XRP pundit, argued that “XRP is all about timing” and warned that investors holding just 100 XRP should not expect to become wealthy. According to him, serious gains require thousands of tokens—not small holdings.

His comments echo earlier advice from other influential community voices, such as King Vale, who previously set 50,000 XRP as the “minimum” threshold for long-term investors.

The 50,000 XRP Benchmark

Vale’s stance is that large-scale accumulation is essential for those aiming to join the ranks of XRP’s wealthiest holders. His claim is supported by on-chain data showing that the requirement to join the top 1% of XRP holders dropped from 56,304 tokens in January 2025 to around 51,000 tokens by May 2025. As of today, it has further declined to 50,011.

For perspective, while the number of tokens required is shrinking, the rising price of XRP makes the financial barrier higher. In May, 50,000 XRP was valued at over $118,000, compared to around $25,000 in November 2024. As of today, the same holdings cost $150,000.

This highlights how timing plays an important role. Investors who followed Vale’s advice earlier are already seeing notable returns.

“Strategy Over Bag Size”

However, not everyone agrees with the accumulation-first mindset. Community figure Xena has criticized the narrative, calling it “ego, not strategy.”

She argues that financial literacy and disciplined money management matter more than hitting arbitrary bag-size targets.

Xena stresses that even large holders can fail without proper strategy, while smaller holders may succeed by making smarter decisions. Her position suggests that newer investors should focus on affordability and discipline rather than feeling pressured into chasing big numbers.

Holding 100 XRP vs 50,000

Xena’s theory largely depends on XRP reaching far greater prices, which would make even smaller holdings significantly reward investors.

For instance, if XRP were to reach $10 per coin, a 50,000 XRP holder would be sitting on $500,000, while someone with just 100 XRP would see only $1,000. And if the price climbs to $20, those holding 50,000 tokens become millionaires, while smaller holders may still be hoping.

Meanwhile, if XRP were to reach $1,000 per coin, even 100 XRP would be worth $100,000. The holding may approach a million status only when 1 XRP is worth $10,000. Xena leans more toward these expectations. 

However, analysts like Bale and Vale view the journey to such high prices as too long and uncertain. For context, popular projections suggest XRP may take up to ten years to reach prices above $1,000. 

Meanwhile, many see $10 to $20 as near-term targets, possibly even within this year. As a result, Bale and Vale favor large holdings and early timing to maximize upside.

Spot or Not? What the REX-Osprey XRP ETF Really Holds

Lele Jima
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Spot or Not? What the REX-Osprey XRP ETF Really Holds

As the Rex-Osprey XRP ETF launches today in the U.S., speculation is mounting over whether the fund qualifies as an actual spot-based ETF. 

Multiple reports indicate that XRP could welcome its first-ever spot exchange-traded fund in the United States today. Notably, Rex Shares and Osprey Funds are the asset managers behind the XRP ETF.

REX-Osprey XRP ETF

Dubbed the REX-Osprey XRP ETF, the product aims to provide investors with regulated exposure to XRP’s price performance, easing the hurdles of direct ownership.

Unlike most crypto ETFs—particularly spot products—Rex Osprey filed its XRP ETF under the Investment Company Act of 1940, which permits a fund to launch automatically 75 days after filing unless the SEC objects.

Since the SEC did not raise any concerns within the 75-day window, the REX-Osprey XRP ETF is eligible to launch as early as today.

However, Bloomberg analyst James Seyffart has suggested that the product is more likely to debut next week, noting that both the DOGE and XRP ETFs “will be launching next week and not [today].”

Additionally, in an earlier tweet, REX Shares clarified that its Dogecoin ETF ($DOJE) will be the first to launch, with other ETFs, including the XRP fund, following in subsequent weeks.

A Partial Spot ETF?

Meanwhile, the potential launch of the XRP ETF has elicited heated debate. Several community members have questioned whether the ETF is a spot or a futures product.

These concerns emerged due to Rex Osprey’s decision to apply for the XRP ETF under the Investment Company Act of 1940, rather than the Securities Act of 1933.

For context, the 1940 Act has enabled the launch of several futures-based crypto ETFs, such as the Teucrium 2x XRP ETF. Meanwhile, issuers pursuing spot crypto ETFs have typically filed under the 1933 Act.

Reacting to the debate, popular XRP community figure Eri suggested that the REX-Osprey XRP ETF could be viewed as a partial spot product. She claimed that at least 80% of the ETF’s assets will be directly invested in the underlying token, XRP—providing investors with actual spot exposure to its performance.

In addition, she pointed out that up to 25% of the fund’s assets will be invested through a Cayman Islands subsidiary, referred to as REX-Osprey XRP Portfolio S.P. According to her, this structure is part of efforts to comply with U.S. tax rules governing regulated investment companies (RICs).

Notably, she said the remaining allocation would be spread across money market funds, U.S. Treasuries, cash equivalents, XRP futures/swaps, and Bitcoin/Ethereum ETFs.

While the fund would indeed hold XRP directly at its core, the use of subsidiaries, derivatives, and supplemental assets continues to raise questions.

Investors Anticipate SEC Decision Next Month

Meanwhile, investors are focused on the SEC’s upcoming decision on spot ETFs from Bitwise, Grayscale, 21Shares, and eight other issuers.

The SEC’s final decision on some of these applications is expected by mid-October. Speculation suggests that the SEC would approve at least one of these spot XRP ETFs for launch. In particular, Polymarket bettors have placed the odds of approval at 93%.

Whale Moves 1.5 Trillion PEPE Off Exchange: Is a Massive Bull Run Underway?

Abdulkarim Abdulwahab
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Whale Moves 1.5 Trillion PEPE Off Exchange: Is a Massive Bull Run Underway?

Whales are turning their attention to the PEPE meme coin, taking positions as the crypto asset looks to stage a major price rally.

Lookonchain reported in a tweet today that a new wallet withdrew 1.52 trillion PEPE tokens from the Kraken exchange a few hours ago. The assets were worth approximately $16 million at the time of the transaction.

Notably, outflows from centralized exchanges are generally a bullish indicator, as they suggest reduced selling pressure on the coin. In other words, this whale has moved to secure their acquired 1.52 trillion PEPE tokens in a personal wallet, likely awaiting the next price movement.

Image

Positioning Strategically in PEPE

Notably, the price of PEPE has risen 9.64% in the past week. This weekly performance has improved its overall outlook, especially considering the bearish trend it has been in over the last 30 days. Specifically, the coin remains down 13% compared to its price a month ago, despite the recent 9% surge.

Notably, PEPE was among the few meme coins to establish an all-time high last December. It benefited significantly from Bitcoin’s $100,000 breakthrough at the time compared to Dogecoin and Shiba Inu.

The price of PEPE reached $0.00002825 at its peak but is currently trading at a 62.7% discount from that high. At one point, the price dipped to $0.000005306 in March, representing a massive 81.2% loss for investors who bought at the December peak.

While the whale who withdrew 1.52 trillion PEPE has since moved some of the tokens, worth only thousands of dollars, to platforms such as gambling site BC.game and crypto exchange KuCoin, it has retained most of the stash.

Given the current price level, the address may be securing their position in anticipation of another potential December blow-off top for the meme coin. Moreover, the financial industry is awaiting a rate cut by the Fed next week, which could inject fresh liquidity into risk assets, potentially helping prices soar even higher.

More Whales Taking Positions in PEPE

Beyond this address, several other deep-pocketed investors are also quietly taking massive positions in the meme coin.

For instance, last week Lookonchain reported that a trader opened a $2.5 million PEPE position with 10x leverage. On August 24, the market tracker also reported that a whale bought 267 billion PEPE tokens for $3 million. These transactions suggest strong confidence in the coin’s price prospects.

This sentiment is further reflected in recent data from CoinGlass, which shows that open interest in PEPE has reached $700 million, the highest level since July.

As for how high market participants expect PEPE to go, a growing consensus suggests a potential retest of its all-time high. From the current price of $0.00001057, that would represent a 170% gain.

UK Trade Groups Urge Inclusion of Blockchain in US-UK ‘Tech Bridge’ Deal

Zabi
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UK Trade Groups Urge Inclusion of Blockchain in US-UK ‘Tech Bridge’ Deal

A coalition of financial and technology organizations in the United Kingdom is urging the government to give blockchain a central role in its planned “tech bridge” agreement with the United States.

The proposal is part of ongoing talks to strengthen bilateral cooperation on emerging technologies.

Letter Sent to UK Government

On Friday, industry groups including the U.K. Cryptoasset Business Council, UK Finance, and TheCityUK submitted a joint letter to Business Secretary Peter Kyle and Economic Secretary to the Treasury Lucy Rigby.

The groups stressed that stablecoins, tokenization, and other digital asset tools are becoming critical for both economies. They argued that without blockchain, the agreement risks overlooking one of the fastest-growing areas in global finance.

Warning of Missed Opportunity

The letter described the omission of blockchain as a “missed opportunity” that could leave Britain trailing behind competitors. It pointed out that financial hubs in Asia and the Middle East are already moving forward with digital asset regulations and standards.

The groups cautioned that if the U.K. fails to act, other regions will shape the future rules of international finance, potentially reducing Britain’s influence.

“Tech Bridge” Explained

The “tech bridge” initiative represents the U.K.’s push for deeper collaboration with the U.S. on advanced technologies. The agenda covers artificial intelligence, quantum computing, and cybersecurity. These areas demand massive investment and cross-border partnerships. 

Officials have previously described the U.S. as Britain’s closest partner on technology issues. Both countries host trillion-dollar technology sectors and already collaborate on cybersecurity, defense-related innovations, and AI research.

Earlier this month, British Ambassador to Washington Peter Mandelson also emphasized the need for the two nations to collaborate on high-tech areas such as AI and quantum computing. His remarks echoed the government’s view that shared investment and research are vital for future competitiveness.

Why the Partnership Matters

Developing technologies such as AI and quantum computing requires investment levels that only the largest economies can maintain. For this reason, Britain sees cooperation with the U.S. as essential. By pooling resources and expertise, the two allies aim to maintain leadership in innovation while competing with rivals such as China.

Shiba Inu Now at a Make-or-Break Level After Nice Takeoff from Breakout

Elendu Benedict
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Shiba Inu Now at a Make-or-Break Level After Nice Takeoff from Breakout

Shiba Inu has now reached a crucial lower-timeframe level, and its reaction will determine whether it will continue to higher prices or recoil to lower zones.

This analysis came from market analyst Mark on Friday, following a positive bullish price continuation from Shiba Inu. The second-largest meme coin by market cap has increased 2% in the past 24 hours, mirroring the broader market trend.

Nice Shiba Inu Pump After Breakout

Notably, Mark’s analysis highlighted a decent price movement from Shiba Inu after a recent breakout in the lower timeframe. It broke from a descending neckline resistance on the 4-hour chart on September 7 with a rally past $0.00001235.

The bullish momentum has endured since then, with Shiba Inu increasing by 7% to the resistance level at $0.00001328. Now, the analyst has identified the area as make-or-break for SHIB, as its reaction would determine its subsequent near-term price development.

Shiba Inu Analysis/Mark.eth

Break to Higher Prices or Risk Retracement

For context, Shiba Inu is familiar with the current resistance at $0.0000134, as it recently faced rejection in this area. The meme coin rallied to the supply region twice between August 22 and 24 but was unable to surmount the selling pressure there.

Faced with the familiar opponent, Mark suggested that Shiba Inu needs to overcome the resistance to make a better move to new heights. Failure to trade above it would result in SHIB retreating to lower zones. 

Meanwhile, he highlights a possible retest of the $0.0000126 region or even the weekly support at $0.000010. While he did not identify the targets if Shiba Inu breaks above the resistance, several other analysts have shared possible outcomes.

Bullish Shiba Inu Targets

Most recently, SwallowAcademy predicted that Shiba Inu could rally to between $0.000020 and $0.000024 if it breaks out. The analyst’s breakout point is above the 200-day exponential moving average at $0.00001384, an indicator that has impeded SHIB from reaching higher prices in recent weeks.

Meanwhile, “Polaris_xbt” raised the targets even higher, projecting a move to an 18-month high of $0.00003396. He based the outlook on a possible price explosion from recent boring Shiba Inu price accumulation.

Additionally, Javon Marks stated that forming a bullish MACD divergence will take Shiba Inu to $0.000081. This would see it revisit prices last seen in four years, when it reached its current all-time high of $0.00008845.

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