{"id":640134,"date":"2024-09-06T07:30:02","date_gmt":"2024-09-06T07:30:02","guid":{"rendered":"https:\/\/www.wncen.com\/?p=640134"},"modified":"2024-09-05T17:25:56","modified_gmt":"2024-09-05T17:25:56","slug":"shiba-inu-bulls-charge-ahead-analyst-foresees-480-price-surge-heres-why","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/shiba-inu-coin\/shiba-inu-bulls-charge-ahead-analyst-foresees-480-price-surge-heres-why\/","title":{"rendered":"Shiba Inu Bulls Charge Ahead: Analyst Foresees 480% Price Surge\u2014Here\u2019s Why"},"content":{"rendered":"<p>Shiba Inu (SHIB) lack of bulls in terms of price performance hasn&#8217;t stopped the crypto community to lose faith in the meme coin. Recently, renowned analyst Javon Marks shared an optimistic outlook for the meme-based cryptocurrency.<\/p>\n<p>This <a href=\"https:\/\/x.com\/JavonTM1\/status\/51686185\" target=\"_blank\" rel=\"noopener nofollow\">outlook<\/a> shared by Marks comes at a time when SHIB is currently going through a bearish phase, although SHIB is not alone in this bearishness as several other notable meme coins such as <a href=\"https:\/\/www.wncen.com\/news\/dogecoin\/dogecoin-bullish-time-to-buy\/\" target=\"_blank\" rel=\"noopener \">Dogecoin (DOGE)<\/a>, PEPE and <a href=\"https:\/\/www.wncen.com\/news\/dogwifhat-wif-leads-memecoins-recovery-with-12-jump-is-2-2-the-next-stop\/\" target=\"_blank\" rel=\"noopener \">dogwifhat (WIF)<\/a> has also seen major plunge in value.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/shiba-inu\/shiba-inu-breaks-above-trendline\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Breaks Above Trendline: Can The Bulls Drive SHIB To $0.00002045?<\/a><\/div>\n<h2>Why Is A 480% Rise Ahead For SHIB?<\/h2>\n<p>According to Marks, SHIB has confirmed several bullish patterns in its recent price action, particularly through the Relative Strength Index (RSI).<\/p>\n<p>These bullish patterns in its RSI, as highlighted by the analyst suggest a strong potential for a significant recovery, with Marks projecting that SHIB could witness a 231% <a href=\"https:\/\/www.wncen.com\/shiba-inu\/shiba-inu-breaks-above-trendline\/\" target=\"_blank\" rel=\"noopener \">rally to reclaim its 2024 highs<\/a>.<\/p>\n<p>Moreover, the forecast doesn\u2019t stop there\u2014Marks believes that if SHIB continues on this trajectory, the cryptocurrency could surge by over 480% to hit a price target of $0.000081.<\/p>\n<figure style=\"width: 1199px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GWpLBWrW4AAB92E?format=jpg&amp;name=medium\" alt=\"Shiba Inu (SHIB) price chart.\" width=\"1199\" height=\"665\"><figcaption class=\"wp-caption-text\">Shiba Inu (SHIB) price chart. | Source: Javon Marks on X<\/figcaption><\/figure>\n<p>Marks&#8217; analysis particularly highlights the presence of a hidden bull divergence pattern, which is a bullish signal in technical analysis.<\/p>\n<p>This pattern occurs when a cryptocurrency\u2019s price is making lower lows, while its momentum indicator, such as the RSI, shows higher lows.<\/p>\n<p>Essentially, this divergence indicates that the selling pressure is weakening, and a potential reversal in price is on the horizon. For SHIB, this could mean a significant upward movement in the near future.<\/p>\n<h2>Shiba Inu&#8217;s Bearish Performance and Ecosystem Developments<\/h2>\n<p>Despite this optimistic forecast, Shiba Inu has continue to experience a bearish trend in its market performance. Over the past week, SHIB has seen a decline of 7.4%, and the downtrend has continued, with the meme coin dropping by an additional 0.6% in the last 24 hours.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/f7oJOP3b\/\" alt=\"Shiba Inu (SHIB) price chart on TradingView\" width=\"2770\" height=\"1496\"><figcaption class=\"wp-caption-text\">SHIB price is moving downwards on the 1-hour chart. Source: SHIB\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>At the time of writing, SHIB is trading at $0.00001326. Notably, while SHIB&#8217;s price has been on the decline, the development team behind the cryptocurrency continues to push forward with <a href=\"https:\/\/www.wncen.com\/shiba-inu\/shiba-inu-secures-community-support-to-rally-to-1-heres-how\/\" target=\"_blank\" rel=\"noopener \">ecosystem improvements<\/a>.<\/p>\n<p>Recently, the Shiba Inu team <a href=\"https:\/\/x.com\/LucieSHIB\/status\/86152369\" target=\"_blank\" rel=\"noopener nofollow\">announced<\/a> the launch of the ShibDev Portal, aimed at &#8220;enhancing&#8221; the capabilities of developers building on Shibarium, Shiba Inu\u2019s Layer-2 blockchain.<\/p>\n<p>LucieSHIB, the project\u2019s lead marketer, highlighted that the portal provides essential tools for developers, including API Management and Node Access, which are crucial for building decentralized applications (dApps) on Shibarium.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"zxx\"><a href=\"https:\/\/t.co\/zoPuR997MF\" target=\"_blank\" rel=\"noopener nofollow\">https:\/\/t.co\/zoPuR997MF<\/a><\/p>\n<p>\u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 (@LucieSHIB) <a href=\"https:\/\/twitter.com\/LucieSHIB\/status\/86152369?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">September 5, 2024<\/a><\/p><\/blockquote>\n<p>This latest update is seen as a positive step towards strengthening Shiba Inu&#8217;s ecosystem, with the potential to attract more developers and projects to the platform.<\/p>\n<p>By expanding its utility and attracting a broader range of dApps, SHIB could see renewed interest and demand, potentially driving its price upward.<\/p>\n<p>The long-term success of <a href=\"https:\/\/www.wncen.com\/shiba-inu\/whats-going-on-shiba-inu-price\/\" target=\"_blank\" rel=\"noopener \">SHIB<\/a> could be tied to these ecosystem advancements, as they aim to differentiate the token from other meme coins by providing tangible use cases and utility through Shibarium\u2019s growth.<\/p>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB) lack of bulls in terms of price performance hasn&#8217;t stopped the crypto community to lose faith in the meme coin. Recently, renowned analyst Javon Marks shared an optimistic outlook for the meme-based cryptocurrency. This outlook shared by Marks comes at a time when SHIB is currently going through a bearish phase, although SHIB is not alone in this bearishness as several other notable meme coins such as Dogecoin (DOGE), PEPE and dogwifhat (WIF) has also seen major plunge in value. Related Reading: Shiba Inu Breaks Above Trendline: Can The Bulls Drive SHIB To $0.00002045? Why Is A 480% Rise Ahead For SHIB? According to Marks, SHIB has confirmed several bullish patterns in its recent price action, particularly through the Relative Strength Index (RSI). These bullish patterns in its RSI, as highlighted by the analyst suggest a strong potential for a significant recovery, with Marks projecting that SHIB could witness a 231% rally to reclaim its 2024 highs. Moreover, the forecast doesn\u2019t stop there\u2014Marks believes that if SHIB continues on this trajectory, the cryptocurrency could surge by over 480% to hit a price target of $0.000081. Marks&#8217; analysis particularly highlights the presence of a hidden bull divergence pattern, which is a bullish signal in technical analysis. This pattern occurs when a cryptocurrency\u2019s price is making lower lows, while its momentum indicator, such as the RSI, shows higher lows. Essentially, this divergence indicates that the selling pressure is weakening, and a potential reversal in price is on the horizon. For SHIB, this could mean a significant upward movement in the near future. Shiba Inu&#8217;s Bearish Performance and Ecosystem Developments Despite this optimistic forecast, Shiba Inu has continue to experience a bearish trend in its market performance. Over the past week, SHIB has seen a decline of 7.4%, and the downtrend has continued, with the meme coin dropping by an additional 0.6% in the last 24 hours. At the time of writing, SHIB is trading at $0.00001326. Notably, while SHIB&#8217;s price has been on the decline, the development team behind the cryptocurrency continues to push forward with ecosystem improvements. Recently, the Shiba Inu team announced the launch of the ShibDev Portal, aimed at &#8220;enhancing&#8221; the capabilities of developers building on Shibarium, Shiba Inu\u2019s Layer-2 blockchain. LucieSHIB, the project\u2019s lead marketer, highlighted that the portal provides essential tools for developers, including API Management and Node Access, which are crucial for building decentralized applications (dApps) on Shibarium. https:\/\/t.co\/zoPuR997MF \u2014 \ud835\udc0b\ud835\udc14\ud835\udc02\ud835\udc08\ud835\udc04 (@LucieSHIB) September 5, 2024 This latest update is seen as a positive step towards strengthening Shiba Inu&#8217;s ecosystem, with the potential to attract more developers and projects to the platform. By expanding its utility and attracting a broader range of dApps, SHIB could see renewed interest and demand, potentially driving its price upward. The long-term success of SHIB could be tied to these ecosystem advancements, as they aim to differentiate the token from other meme coins by providing tangible use cases and utility through Shibarium\u2019s growth. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":640147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[134,6664,10923,85699,83668,83667,84558],"class_list":["post-640134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-altcoin","tag-crypto","tag-crypto-market","tag-memecoin","tag-shib","tag-shiba-inu","tag-shibusdt"],"acf":[],"yoast_head":"\n<title>Shiba Inu Bulls Charge Ahead: Analyst Foresees 480% Price Surge\u2014Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) lack of bulls in terms of price performance hasn&#039;t stopped the crypto community to lose faith in the meme coin. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/www.wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Bulls Charge Ahead: Analyst Foresees 480% Price Surge\u2014Here\u2019s Why","url":"http:\/\/www.wncen.com\/news\/shiba-inu-coin\/shiba-inu-bulls-charge-ahead-analyst-foresees-480-price-surge-heres-why\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/news\/shiba-inu-coin\/shiba-inu-bulls-charge-ahead-analyst-foresees-480-price-surge-heres-why\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-05-17.10.10-A-digital-illustration-featuring-Shiba-Inu-bulls-charging-ahead-representing-an-analysts-prediction-of-a-480-price-surge.-The-image-highlights-the-.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-05-17.10.10-A-digital-illustration-featuring-Shiba-Inu-bulls-charging-ahead-representing-an-analysts-prediction-of-a-480-price-surge.-The-image-highlights-the-.jpg?fit=1024%2C1024"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto","crypto market","memecoin","shib","shiba inu","shibusdt"],"dateCreated":"2024-09-06T07:30:02Z","datePublished":"2024-09-06T07:30:02Z","dateModified":"2024-09-06T07:30:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Bulls Charge Ahead: Analyst Foresees 480% Price Surge\\u2014Here\\u2019s Why\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-bulls-charge-ahead-analyst-foresees-480-price-surge-heres-why\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/shiba-inu-coin\\\/shiba-inu-bulls-charge-ahead-analyst-foresees-480-price-surge-heres-why\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/DALL\\u00b7E-2024-09-05-17.10.10-A-digital-illustration-featuring-Shiba-Inu-bulls-charging-ahead-representing-an-analysts-prediction-of-a-480-price-surge.-The-image-highlights-the-.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/DALL\\u00b7E-2024-09-05-17.10.10-A-digital-illustration-featuring-Shiba-Inu-bulls-charging-ahead-representing-an-analysts-prediction-of-a-480-price-surge.-The-image-highlights-the-.jpg?fit=1024%2C1024\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto\",\"crypto market\",\"memecoin\",\"shib\",\"shiba inu\",\"shibusdt\"],\"dateCreated\":\"2024-09-06T07:30:02Z\",\"datePublished\":\"2024-09-06T07:30:02Z\",\"dateModified\":\"2024-09-06T07:30:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/DALL\u00b7E-2024-09-05-17.10.10-A-digital-illustration-featuring-Shiba-Inu-bulls-charging-ahead-representing-an-analysts-prediction-of-a-480-price-surge.-The-image-highlights-the-.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/640134"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=640134"}],"version-history":[{"count":1,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/640134\/revisions"}],"predecessor-version":[{"id":640149,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/640134\/revisions\/640149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/640147"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=640134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=640134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=640134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}