- Shiba Inu news, as token price climbed 7.82% to $0.00001321, with analyst Javon Marks forecasting a 540% jump to $0.000081.
- An inverse head and shoulders pattern supports SHIB’s bullish outlook, with key resistance at $0.000017-$0.000018.
- Powell’s rate cut hints at Jackson Hole lifted the crypto market past $4 trillion, helping SHIB’s upward trend.
Shiba Inu news, as token price is getting some attention, sitting at $0.00001321 after jumping 7.82% in a day. An analyst named Javon Marks says it could climb 540% to hit $0.000081, based on a chart pattern he’s seeing.
This comes as the whole crypto market’s riding high, thanks to Federal Reserve Chair Jerome Powell hinting at possible rate cuts during his Jackson Hole speech, which pushed the crypto market’s total value past $4 trillion.
A Big Chart Pattern and Market Lift
Javon Marks is excited about a pattern on Shiba Inu’s price chart called an inverse head and shoulders. It’s got a low point around $0.000006, with solid support between $0.000010 and $0.000012. Right now, SHIB’s hitting a wall between $0.0000140 and $0.0000155.
If it can push past that, it might reach $0.000017 to $0.000018, the key level to watch. After that, it could climb to $0.000020 or even $0.000045, with Marks thinking $0.000081 is possible down the road. But if it falls below $0.000010, that positive outlook might fizzle.
Powell’s talk about maybe lowering rates got people pumped, and it’s helped risky stuff like crypto. The crypto market’s now worth over $4 trillion, with Bitcoin and Ethereum leading the pack.
Meme coins like SHIB are getting a enhance too, as more people, from big investors to regular traders, are jumping in, making trading busier. If this good vibe sticks around, SHIB could hit those breakout levels Marks is betting on, so it’s worth watching in 2025.
