Crypto analyst Javon Marks suggests a potential 503% rally for Shiba Inu (SHIB) driven by a massive Inverse Head & Shoulders pattern on the chart.
The identified Inverse Head and Shoulders pattern spans from mid-2022 to 2025, indicating a potential breakout for SHIB and a significant price increase.
On-chain activity data shows a rise in active addresses and engagement with the Shiba Inu network, potentially signaling strong price movements ahead.
Whales are active as well, with a significant movement of SHIB out of large wallets and increased inflows, suggesting strategic positioning before a major price move.