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The Final Shoulder Rises: SHIB's $0.000081 Bull Case Takes Shape

The Final Shoulder Rises: SHIB's $0.000081 Bull Case Takes Shape

ainvest2025/08/29 04:57
By:Coin World

- Shiba Inu (SHIB) shows potential for 540% price surge via inverse head and shoulders pattern identified by analyst Javon Marks. - Pattern's confirmation requires breakout above key support level with increased volume, currently in "final shoulder" phase since mid-2022. - Target price of $0.000081 near all-time high remains unconfirmed as SHIB trades at $0.00001263 with bearish 24-hour trend. - Analysts emphasize need for on-chain validation and caution against market volatility despite bullish technical

Shiba Inu (SHIB) has emerged as a focal point for cryptocurrency analysts, who suggest the token may be on the verge of a significant price reversal. Technical analysis highlights the formation of an inverse head and shoulders pattern on the 5-day candlestick chart, a bullish indicator that has been developing since mid-2022. According to crypto analyst Javon Marks, the pattern could signal a potential 540% surge in the token’s value if the breakout is confirmed [1].

The inverse head and shoulders pattern is one of the most reliable formations in technical analysis, typically signaling the end of a prolonged downtrend and the onset of a bullish phase. Marks noted that SHIB is currently in the "final shoulder" phase of the formation, meaning it has not yet fully confirmed the pattern. The left shoulder of the formation was formed between July and December 2022, followed by the head between September and November 2023, during a major bear market low. The right shoulder is now being shaped, and confirmation of the pattern would require a breakout from a strong support level, supported by increased trading volume [1].

If the pattern is successfully completed, Marks projects a price target of $0.000081, representing a 540% increase from SHIB’s current price of $0.00001263. This level is near the token’s all-time high of $0.00008616, a price it has not reached since late 2023. Marks also suggested that the move might not end at $0.000081, with the possibility of SHIB reaching new all-time highs. However, it is important to note that the breakout has yet to occur, and the timing of such a move remains uncertain [1].

At present, SHIB has declined 2.8% in the past 24 hours, trading at $0.00001263, which is down from its 24-hour high of $0.00001347. The token is still well below the projected target price, and any significant upward movement would need to be supported by strong on-chain activity and market sentiment. Analysts have emphasized the importance of volume and price validation in confirming the pattern’s reliability [2].

The potential for such a dramatic price increase has attracted attention from investors and traders, particularly given the prolonged bear market that has affected the broader crypto market in recent months. SHIB’s price history demonstrates high volatility, with sharp corrections and rapid rallies not uncommon. While the pattern presents a compelling case for a bullish breakout, it is not a guarantee, and market conditions could shift rapidly [1].

Given these developments, traders are advised to monitor key support and resistance levels and to consider using technical indicators for confirmation before making investment decisions. While the inverse head and shoulders pattern is widely recognized as a reversal formation, it must be validated through price action and volume before it can be considered a high-probability trade [2].

The Final Shoulder Rises: SHIB's $0.000081 Bull Case Takes Shape image 0
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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