Shiba Inu (SHIB) is once again in the spotlight as crypto analyst Javon Marks predicts a potential 10x surge, with a price target of $0.0001553—an 858% gain from current levels. Despite recent sideways movement, SHIB has managed to hold critical support at $0.00001200, reinforcing the possibility of a breakout.

Key Factors Fueling the Bullish Outlook

Marks highlights two major reasons why SHIB could be on the verge of a massive rally:

  • Technical Strength – SHIB has consistently traded above the breakout level of a descending triangle pattern that has been forming for over two years. In January, it posted a 12% weekly gain and held the $0.00001200 level, which has proven to be a strong support zone.
  • Whale Accumulation – Large investors have seized the opportunity to accumulate more SHIB following recent price declines. Crypto enthusiast Sieloff even shared on X that he is fully invested and ready for the next move.

Could SHIB Repeat Its Past Performance?

Marks believes SHIB’s first target is $0.00008100, which would represent a 397% gain—just shy of its all-time high of $0.00008854. From there, the token could continue its upward trajectory toward the ambitious $0.0001553 target, bringing its market cap to an estimated $91.51 billion.

Even More Optimistic Projections

Other analysts share similarly bullish sentiments. Alan Santana sees SHIB reaching $0.00011397, while Oscar Ramos forecasts $0.0001700. Meanwhile, ‘Investment CEO’ has set an extremely bold target of $0.001, which would require a staggering 6,072% increase and push SHIB’s market cap to $590 billion.

With SHIB maintaining strong support and investors showing renewed confidence, the memecoin is once again in focus as traders speculate whether history will repeat itself.