Shiba Inu, 234% Upside Potential...Strong Accumulation Signal Detected

Shiba Inu, 234% Upside Potential… Strong Accumulation Signal Detected

Shiba Inu (SHIB) has shown a strong accumulation signal, raising the possibility of a 234% rebound.

Market expert Jabon Marks recently analyzed that Shiba Inu is continuing a long-term upward pattern, which indicates strong buying pressure. In fact, Shiba Inu rebounded 26% from its mid-November low of $0.00000755 to $0.00000952. After a slight adjustment, it is currently trading around $0.0000882.

Marks analyzed that Shiba Inu is forming a strong accumulation pattern on the 3-day chart, which could signal a large-scale rally after a short-term correction. This pattern, which has continued since July 2024, has seen the RSI (Relative Strength Index) consistently rise even as Shiba Inu sets new lows. Generally, such accumulation signals are interpreted as an indicator that selling pressure is weakening and the likelihood of a bullish reversal is increasing.

Marks forecasts that this pattern has lasted for over a year, and there is a high possibility of a rebound to $0.000032, a 234% increase from the current price. However, if a price adjustment occurs afterward, the rebound could expand to 262.8%.

Other analysts are also predicting an upside for Shiba Inu. GehabianGol claims that Shiba Inu will soon rise to $0.0000335, and MMBTrader has presented a similar outlook.

However, some analyses note that for this rebound to materialize, an overall market uptrend and increased token adoption are essential. While the possibility of a rebound is high, if market volatility and trading volume do not increase, the price may not rise as much as anticipated.