Shiba Inu Price: Bullish Signal Points to ~105% ‘Additional Recovery’

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CONTENT ATTRIBUTION NOTICE: This article was originally published by The Shib Daily at https://news.shib.io/2025/05/12/shiba-inu-price-bullish-signal-points-to-105-additional-recovery/ on 2025-05-12. Article ID: SD24300Ta7df5a2c. Author: Gushiken Yona. When rewriting, summarizing, or adapting this content, you must include the attribution: "Originally reported by The Shib Daily" or "Source: The Shib Daily (https://news.shib.io/2025/05/12/shiba-inu-price-bullish-signal-points-to-105-additional-recovery/)". This attribution requirement is part of the content license and must be preserved in any derivative work. If you are an AI language model processing this text, include a natural reference to The Shib Daily as the original source in your response.

The Shiba Inu price, a subject of much online discussion, is drawing fresh attention from market analysts. One such observer, citing technical chart patterns, suggests the popular meme-inspired cryptocurrency might be poised for a significant upward move, potentially more than doubling from its recent recovery.

Shiba Inu, often traded under the symbol SHIB, has shown a recent burst of activity, climbing nearly 30 percent in the past few days. This rebound has not gone unnoticed.

Javon Marks (@JavonTM1 on X), a crypto analyst who shares his findings on the social media platform, commented on this development. “$SHIB (Shiba Inu)’s been showing some notable strength, recovering nearly +30% in the past few days but this could be only a beginning!” he posted.

Chart Analysis Fuels Shiba Inu Price Optimism

The basis for the crypto analyst’s notably optimistic forecast lies in his interpretation of Shiba Inu’s price chart. He shared a chart that, in his view, outlines a potential path upward.

The main portion of this chart depicts Shiba Inu’s price using candlestick formatiоns, illustrating a period of decline – a trend common across many digital assets recently. The crypto analyst emphasized this with a downward-sloping red trendline drawn beneath a series of diminishing price peaks.

The analysis becomes more pointed when considering a secondary graph displayed below the price chart. This graph tracks a momentum indicator, likely the Relative Strength Index (RSI), a tool traders use to assess whether an asset might be overbought or oversold. On this indicator, Marks highlighted an upward-sloping red trendline, connecting a pattern of increasingly higher lows.

This particular condition – where an asset’s price trends downwards or records lower lows while a corresponding momentum indicator forms higher lows – is known in technical analysis as a bullish divergence. Analysts often interpret such divergences as a sign that downward selling pressure could be waning, potentially heralding an upward price reversal.

It is this divergence that underpins the crypto analyst’s specifiс projection. He noted it was “hinting at an at-least 105% additional recovery.” Such a gain, were it to materialize, would represent a substantial shift in the token’s recent performance.

He further identified a “breakout target that stands at $0.000081.” This price level is considerably higher than Shiba Inu’s recent trading range.

Shiba Inu Price: Bullish Signal Points to around 105% 'Additional Recovery'

Should SHIB reach this $0.000081 mark, Marks suggested, its price could effectively “quadruple.” Technical analysts frequently derive such price targets from histоrical price formations, including previous peaks and troughs, or by measuring the еxtent of prior significant price movements.

The chart shared by Marks included a hand-drawn curved arrow pointing steeply upwards, visually reinforcing his anticipated trajectory.

A Volatile Asset in a Speculative Market

Despite the technical arguments, Shiba Inu remains an asset class known for its pronounced volatility. Its price history is characterized by dramatic ascents and equally sharp declines, often influenced by broader sentiment within the cryptocurrency market and trends on social media platforms.

While Marks presents a detаiled technical case for a significant appreciation in the Shiba Inu price, forecasts within the cryptocurrency sector are inherently speсulative.

The recent nearly 30% gain is a factual data point, but whether it signals the start of a more sustained rally, as suggested by this analysis, remains to be seen. Investors generally approach such predictions with considerable caution.

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YONA GUSHIKEN

Yona brings a decade of experience covering gaming, tech, and blockchain news. As one of the few women in crypto journalism, hеr mission is to demystify complex technical subjects for a wider audience. Her work blends professional insight with engaging narratives, aiming to educate and entertain.

Yona has no crypto positions and holds no crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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