SHIB Price Prediction: Analysts Bullish on 180% Rebound, MACD Indicator Releases Positive Signal

Crypto Assets analyst Javon Marks recently released an optimistic price prediction for Shiba Inu (SHIB), believing it may experience a robust rebound of up to 180%. This bullish outlook brings hope for the Meme coin after its poor performance this year.

Current performance under pressure

• Year-to-date (YTD), the price of SHIB has fallen by 45%, significantly underperforming the market.
• In the past 30 days, this crypto asset has further declined by more than 8%.

Analysts predict a 180% Rebound

• Javon Marks posted on his social media X (formerly Twitter) that the SHIB price has formed a clear bullish divergence with its Moving Average Convergence Divergence (MACD).

• This technical indicator signal suggests that SHIB is expected to rise nearly 180%, with a target price pointing to $0.000032.

• Analysts emphasize that this may just be the starting point for SHIB to initiate a larger trend reversal.

• If the rebound is realized as expected, SHIB not only can recover the losses incurred this year before the end of the year, but also is expected to re-enter the top ten in crypto assets by market capitalization.

  

Fundamental Support Factors

• SHIB token burn mechanism and network activity are seen as potential price catalysts.
• Community data shows that the number of on-chain wallet addresses holding SHIB has surpassed 1.5 million, and is still growing, indicating an expanding user base.
• Key Challenge: The current burn rate of SHIB is unstable. Data shows that the burn amount has plummeted more than 82% in the past 24 hours (only 1.5 million SHIB), and the burn rate has also declined by about 11% in the past 7 days (a total of 48 million SHIB burned). Accelerating the burn is crucial to support the price.

Long-term or a surge of 600%

• Javon Marks maintains its longer-term bullish target, believing that the SHIB price could eventually soar 600% to $0.000081.
• Analysts point out that this is based on expectations after a significant breakthrough of the key resistance trend line.
• He even predicts that after breaking through $0.000081, the SHIB price is expected to further challenge $0.0001553.
• However, the specific timetable for this 600% rise prediction has not yet been clearly provided.

Latest Market Trends As of the time of writing, Gate's market shows that SHIB is currently priced at $0.00001158, down 1.78% in the past 24 hours**. Investors are closely watching whether it can experience a Rebound and become a **dark horse in the crypto assets market in 2025.