SHIB Price Rises 260% on the Horizon?

THE coin market surged more than 7.5% in the past 24 hours, with almost all of the top ten coins showing growth. Dogecoin is up 6.7%, Shiba Inu 6.6%, Pepe 3.3%, ai16z 22.8%, Bonk 7.6%, Pudgy Penguins 10%, dogwifhat 9.3 % and FLOKI of 4.8%.

A recent article by crypto analyst Javon Marks on X created a buzz among coin fans, especially those who follow Shiba Inu. Over the past six months, Shiba Inu soared over 51.3% This month alone it has increased by 5.36%.

With its recent gains and growing market interest, many are wondering: could this be the start of something much bigger for SHIB?

Big gains coming for SHIB

Marks predicts that the Shiba Inu price could reach $0.000081, suggesting a possible growth of 260%. Over the past year, SHIB has already gained around 105.1%.

Whale movement sparks interest

To add to the excitement, reports show that a whale recently removed approximately 220 billion SHIB tokens, worth over $4.63 million, from Binance. Such whale movements often signal strong market interest and could indicate a possible SHIB breakthrough.

Currently, SHIB price is at $0.00002239 and the daily chart highlights a key resistance level at $0.000029. For SHIB to achieve its predicted growth, it must break through this resistance level. Currently, the price is still around 29.52% below this resistance.

Trading volume on the rise

SHIB’s on-balance volume (OBV) currently stands at $646.3 trillion, with a 24-hour trading volume of $402.5 million. These numbers suggest that trading activity for SHIB is growing, which could be a positive sign for future price movements.

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A good time for small chips?

As Bitcoin and Ethereum stabilize, smaller tokens like Shiba Inu often gain momentum during these periods. This trend could provide the boost SHIB needs to break through its resistance and continue its rise.

The coming months could be crucial for Shiba Inu as it faces key resistance levels and growing market interest. If it can break through these levels, SHIB could see significant growth.

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