Shiba Inu (SHIB) has the potential to surge by over 500% based on recent market analysis, with a price target of $0.000081 during the current cycle.
Technical analyst Javon Marks predicts significant gains for SHIB and highlights a hidden bullish divergence trend on the SHIB chart, indicating underlying buying pressure.
Recent data shows a growth in SHIB investors holding the token for over a year, which helps in maintaining price support and stability amidst market conditions.
Long-term holders of SHIB have been increasing, while short-term traders have decreased, signaling a shift towards more sustained investment strategies.