Market analyst Javon Marks predicts that Shiba Inu (SHIB) will experience a surge in its price, reaching the $0.0000886 range in the next phase of its price movements. Marks, who previously described SHIB as being in an “intermission” phase, characterized by range-bound movements within a bearish consolidation, now believes that the cryptocurrency has broken out of this phase. He notes that SHIB has formed a bull flag pattern, indicating a potential continuation of an uptrend after a brief consolidation. Marks suggests that this breakout could mark the end of the intermission phase and pave the way for a new upward momentum. He forecasts a potential 240% increase from current levels, pushing the price to around $0.0000886, surpassing its current all-time high. Marks identifies $0.000081 as a crucial level to watch, and if SHIB surpasses this level, it could set the stage for even higher targets, with $0.0001553 being the next significant milestone. However, Shiba Inu is currently facing a correction, with a 6% decline after a recent price rally. Despite this, Marks expects an imminent price spike but encourages potential investors to conduct their own research and assess their risk tolerance before making any investment decisions.
