Shiba Inu (SHIB) is testing low price levels despite steady momentum and growing holder interest. Analyst Javon Marks notes the cryptocurrency is breaking out of a technical pattern that previously preceded a 453% surge. Meanwhile, data shows the number of SHIB wallet addresses increased by over 10,000 in a recent three-day period, indicating accumulation.
Shiba Inu is currently exploring one of its lowest price spells, unable to secure a new high. The asset’s momentum is steady even as it consistently attracts new attention.
Analyst Javon Marks stated that “$SHIB is now breaking out of this falling wedge-like pattern, and prices can be on the verge of another huge response!” He cited a previous similar breakout that led to an over 453% move. According to on-chain data reported by BSCN, the number of wallet addresses holding SHIB saw a significant spike, adding over 10,000 holders between April 19 and April 22.
Marks also mentioned that SHIB is maintaining the shape of a large inverse head and shoulders pattern. He stated that being in the final shoulder of this pattern, “these prices could launch into a huge >431% uphill run to meet the $0.000081 technical target.”
According to CoinCodex SHIB stats, Shiba Inu is forecasted to hit $0.055645 by the end of 2026. The model further projects a price of $0.053075 by 2030 and $0.059792 by 2040.
