Market analyst Javon Marks identifies a bullish pattern in Shiba Inu using the MACD indicator, suggesting a potential trend reversal.
The divergence pattern indicates a 171.57% upside potential for SHIB, with a target price of $0.00003200, based on technical analysis.
Token supply concerns challenge aggressive price predictions above $0.01, with critics highlighting the substantial circulating supply of SHIB.
While social media discussions involve forecasts of reaching $0.01, the technical analysis offers a more moderate perspective on SHIB's near-term growth potential.