Shiba Inu Price Eyes 10X Surge—But One Major Barrier Could Stop It

• Shiba Inu (SHIB) could be primed for a breakout, but a key technical hurdle stands in the way.
• Analyst Javon Marks predicts a 10X surge, citing bullish signals and whale accumulation.
• A looming technical pattern could either fuel the rally or push SHIB into deeper losses.

Shiba Inu (SHIB) is at a crossroads, with analysts eyeing a 10X rally while technical hurdles threaten further downside. Whale accumulation and key resistance levels will determine whether SHIB breaks out or extends its decline.

SHIB’s Price Struggles Despite Bold 10X Prediction

Shiba Inu price has been in a persistent downtrend, leaving investors questioning its next move. However, analyst Javon Marks remains bullish, setting a bold price target of $0.0001553—a nearly 10X surge from current levels.

According to Marks, SHIB has already broken out of a major resistance trend, indicating a possible continuation to $0.000081 in the short term.

He emphasized that buyers have stepped in aggressively during recent dips, preventing a deeper collapse. This strong rejection of selling pressure could signal an impending trend shift.

“With Shiba’s recent sideways action and dip while holding broken out, this can actually be a positive and contribute to the longevity and scale of this run,” Marks stated.

However, while the upside potential remains high, SHIB faces a major obstacle that could dictate whether this bullish scenario plays out.

Whales are Buying, But Can They Save SHIB?

Whale activity has been a key driver for SHIB’s previous rallies, and once again, large investors are making moves.

Data from Arkham Intelligence revealed that a mysterious whale wallet recently purchased 131 billion SHIB tokens, worth around $2.16 Million.

Interestingly, this wallet previously held Ethereum (ETH) but now holds only SHIB, signaling a potential high-conviction bet on the token.

Whale accumulation typically bolsters investor confidence and reduces selling pressure, but so far, SHIB has failed to reflect these bullish inflows in its price. The token is still down 33.6% over the past month, struggling to break above key resistance levels.

Meanwhile, IntoTheBlock reports a 15.1 trillion SHIB transfer ($253 Million) in 24 hours—a 10.8 trillion increase from the previous day.

However, there’s a catch. Outflows have also surged, rising 1,290% in the same period. On Feb. 2, whales sent out 967.25 billion SHIB, and by the next day, that number exploded to 6.5 trillion SHIB.

This conflicting trend suggests that while some whales are accumulating, others may be using the slight recoveries as exit liquidity, putting additional selling pressure on SHIB.

This Technical Barrier Could Ruin Shiba Inu Price 10X Rally

Despite Marks’ bullish forecast, technical indicators paint a cautious picture. Shiba Inu price is trapped inside a descending channel, with multiple higher-level rejections.

Additionally, the 50-day EMA (red) has crossed below the 200-day EMA (blue)—a formation often associated with prolonged downtrends. This suggests that SHIB needs a strong catalyst to break free from its bearish grip.

However, all hope isn’t lost. If Shiba Inu price manages to hold above the $0.000015 support level, a potential relief rally toward $0.0000189 could emerge.

A decisive breakout from the descending channel would then validate Marks’ $0.000081 target—the first step toward his 10X price prediction.

But if SHIB fails to maintain support, a further decline toward $0.000012 could be on the table. This would invalidate the bullish scenario and signal a more severe correction.

SHIB’s future depends on whether buyers can push past resistance and sustain the recent whale accumulation.

If it reclaims key support levels, a 10X rally stays in play. But if the downtrend holds, more losses could follow.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.