Shiba Inu Price Breakout Holds with Analyst Targeting 450% Gains

Analyst Javon Marks sees Shiba Inu holding its breakout, targeting $0.000081, a 450% gain.

Shiba Inu (SHIB) has recently shown signs of recovery following a volatile period. Over the past 24 hours, the meme coin gained 1.4%, reflecting short-term bullish momentum. However, its seven-day performance remains negative, down 4.6%. 

Additionally, the 14-day and 30-day trends show losses of 10.1% and 22.8%, respectively. During this press, SHIB is trading near $0.00001444.

Indicators Suggest Potential Upside

While SHIB struggles to recover, an analyst on X, Javon Marks, identified a long-term breakout that took place in early 2023, marked by SHIB breaching a descending trendline.

A subsequent retest of the trendline confirmed the breakout as the price rebounded, signaling exhaustion among sellers and increasing buyer control. Later, a hidden bullish divergence on the chart, pointing to higher prices in late 2025.

$SHIB (Shiba Inu) continues to hold its breakout which took place in late 2022/early 2023 and prices are still majorly positive since!

With this price breakout holding, the target for Shib continues to be at the $0.000081 point which is currently over 450% away. https://t.co/DVZmRNVaQZ pic.twitter.com/xOtSlBVZSl

— JAVON⚡️MARKS (@JavonTM1) February 26, 2025

The analyst noted that SHIB continues to maintain its breakout from late 2022 and early 2023. Despite recent volatility, the broader trend remains positive. Based on this breakout, the projected price target stands at $0.000081, representing an increase of over 450% from current levels.

Shiba Inu Institutional Accumulation

Elsewhere, Shiba Inu’s ownership distribution chart offers insights into market behavior. Over the past 30 days, large holders, commonly referred to as whales, increased their holdings by 0.35%. This accumulation suggests growing confidence among institutional and high-net-worth investors, who often accumulate before major price moves.

Meanwhile, mid-sized holders increased their SHIB positions by 0.30% over the same period. This investor category typically consists of strategic buyers focused on medium-to-long-term gains. In contrast, retail participation declined by 0.67%, suggesting smaller investors exited the market. Historically, a reduction in retail activity can indicate a shift in ownership toward more stable hands.

Price Weakness Despite Strong Ecosystem

Separately, TradingView analyst Paul Endeo provided insights into SHIB’s recent price weakness despite a strong ecosystem. He identified a possible head and shoulders pattern and bearish network conditions as contributing factors. Declining institutional interest, weak network growth, and diminishing profitability among holders have weighed on SHIB’s price.

Endeo emphasized the importance of Shiba Inu’s current support level at $0.0000147. A successful hold at this level could trigger a 20% price rebound toward this month’s high of $0.00001718. However, failure to maintain support may result in a drop toward $0.00001261.