 
 
Shiba Inu (SHIB) has continued to trade within a tightening range after a year of sharp fluctuations, now hovering near $0.00001366. The token faces resistance at $0.00001580 and a long-term descending resistance line stretching back to its 2024 highs, which has historically acted as a strong rejection level.
Despite muted action for most of the year, crypto analyst Javon Marks insists that the meme-inspired token could see a sixfold surge from current levels.
In a Friday update, Marks emphasized that Shiba Inu’s technical signals suggest the token is preparing for a substantial breakout.
“There’s a reason we’re maintaining our $0.000081 target in SHIB,” he stated, pointing to chart patterns that he believes align with previous major rallies in the token’s history.
Marks’ confidence is primarily rooted in technical analysis. On September 1, he had highlighted that SHIB had confirmed a bullish divergence on the MACD histogram, a classic indicator of potential upward reversals. According to Marks, this setup hints at a 163% surge into the $0.00003 region, which could only be the beginning.
 
If Shiba Inu sustains momentum beyond that initial move, Marks argues it could extend into a much larger 570% run toward $0.000081, effectively validating his ambitious price target. His chart shows SHIB has broken out of a long-term downtrend structure, suggesting that bearish pressure is fading.
While retail investors remain divided, whale activity has added a layer of intrigue. On September 5, blockchain data revealed that SHIB whales accumulated an additional $135 million worth of tokens, briefly lifting their total holdings. However, profit-taking quickly followed, with nearly $25 million sold within hours.
Despite this in-and-out behavior, whale positioning has generally remained elevated, signaling that large players are still interested in SHIB’s upside potential. Between September 4 and September 8, the supply of Shiba Inu in profit jumped from 20.8% to nearly 30%, its highest in weeks.
Notably, this dual trend of accumulation and profit-taking suggests whales are cautiously optimistic, ready to support prices on dips while still cashing in on short-term surges.
At press time, SHIB was trading at $0.00001366, reflecting a 3.13% drop in the past 24 hours and up 10.52% this week. Analysts believe the next critical resistance zones lie at $0.000017, levels that would confirm stronger bullish momentum if broken.
On the downside, SHIB must hold above $0.0000125 to prevent a breakdown in structure. Encouragingly, technical indicators like the Money Flow Index (MFI) show rising buying pressure, suggesting that dip buyers are active despite market volatility.
Source: https://zycrypto.com/shiba-inu-technicals-point-to-6x-rocket-as-whales-double-down-on-135m-shib-buy/