Key Notes
- Javon Marks, a top crypto analyst, has reiterated his optimism about Shiba Inu’s future price action.
- SHIB is trading at $0.00001298, but he noted that it could see a 500% upside to hit $0.000081.
- Beyond SHIB, Best Wallet offers users considerable appreciation for their capital with its ongoing presale.
Javon Marks, a top crypto analyst, has taken to X to reiterate his optimism about the future price action of Shiba Inu
SHIB
$0.000013
24h volatility:
4.6%
Market cap:
$7.53 B
Vol. 24h:
$210.12 M
. Though the crypto asset is currently a few percent down in 24 hours, he claimed that SHIB is exhibiting continued bullish momentum, especially after it recorded a multi-year trendline breakout.
Potential for Further Shiba Inu Price Breakout
Based on CoinMarketCap data at the time of this writing, SHIB traded at $0.00001298. This price level corresponds with a 4.82% decline over the last 24 hours. This crypto has been on a steady decline this past week, recording up to 15% in losses. The reduction in the token’s surge this past month, which came in at a moderate 12.2%, can be attributed to this downtime.
Not deterred by this dip, Marks is maintaining his target of the coin at $0.000081. He had initially projected this breakout around mid-July when he confirmed that SHIB had seen a breakthrough of the resisting trendline. This was the period when the analyst first stated that the $0.000081 target was “being maintained.”
$SHIB (Shiba Inu)’s breakout TARGET AT $0.000081 is being MAINTAINED.
We project a more than 500% upside to reach it in response to the pictured resisting trend break! https://t.co/tTEkAiGbPu pic.twitter.com/x6PvBCBSoS
— JAVON⚡️MARKS (@JavonTM1) July 12, 2025
This means that Shiba Inu would need to register an upside of more than 500% from current price levels to hit Mark’s forecasted level. To this end, the analyst shared a chart that showed SHIB breaking out of a long-standing downward resistance trendline that initially came from its earlier all-time highs (ATHs).
The chart’s timestamp suggests that SHIB is still in a consolidation phase. It has reached a level
where it is trading above the critical breakout zone but below its primary resistance levels. On a closer look at the chart, two key bullish price targets, $0.000081 and $0.00011532, are highlighted, representing potential upside zones should momentum build further.
The published chart highlights a downtrend, a confirmed breakout, and a successful retest of former resistance as support. All these features, Marks says, are a potential foundation for significant price movement. The analyst is quite optimistic that the upside could run above 500% if the pattern holds.
An increase in SHIB burn rate could also contribute to pushing the price of the memecoin to new levels in the future.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
