Could Shiba Inu Triple? Analyst Sees 200% Move Coming

Source Newsbtc

According to technical commentary from analyst Javon Marks, Shiba Inu appears to have left a long accumulation zone and may be entering a fresh bullish phase. The token first showed a breakout in March 2024 and pushed up toward $0.000046. It reached about $0.00003328 on December 8, 2024, before falling hard in 2025.

Analyst Points To Accumulation Breakout

Marks highlights early bullish signals, including what he calls bullish divergences on the MACD that showed up earlier this year. Based on reports, he expects a move back into the $0.000032 area.

He even projects a potential 200% rally to that level from where the token trades now. From the current quoted price of $0.00001009, a push to $0.000080 would mean a rise of roughly 700% by his estimate. Those are large swings. Traders should note the math.

Derivatives Activity Shows Traders Positioning For A Move

Derivatives data adds another dimension. Reports show about $76 million in open interest tied to Shiba Inu contracts. Open interest jumped 15% over the weekend, and exchanges recorded 7.38 trillion tokens as outstanding futures exposure.

Gate.io accounted for 47% of that total, which equals about $36 million on that platform alone. On a day of rising bets, SHIB hit a high of $0.00001032.

Volatility Has Been Extreme

SHIB’s path since December 2024 has been bumpy. After peaking above $0.00003 in late 2024, the token plunged to roughly $0.0000075 during the flash crash on October 10, 2025. It later recovered to about $0.00001003. Rapid moves like these show both the risk and the chance for big short-term gains. Positions in futures can make price swings bigger.

What The Signals Might Mean For Traders

According to the chart reading, breaking past $0.000032 would open a clear resistance band and could attract more buyers. Some market players will treat that level as a key test. Others will watch open interest and exchange concentration for signs of overstretch. Moves driven by sentiment and leverage can reverse quickly. Gains may be fast. Losses can be fast too.

Based on reports and the analyst’s posts, momentum appears to be building. But this is a trader-led setup more than a proof of long-term value. Technical signals, heavy derivatives exposure, and past wild swings all matter.

Investors and traders should weigh the numbers: $0.000045, $0.00003329, $0.000032, $0.00001003, $0.0000075, $76 million, 15%, 7.38 trillion, and 47.13% are all part of the story.

Featured image from Unsplash, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Trump Withdrawal Intent Reshapes Liquidity, Bitcoin Breaks $68,000 MarkUS and Iran signal ceasefire talks; Bitcoin breaks $68,000, expected to continue rebounding in the short term.On April 1, Bitcoin ( BTC) prices continued to rebound, strengthening further
Author  TradingKey
10 hours ago
US and Iran signal ceasefire talks; Bitcoin breaks $68,000, expected to continue rebounding in the short term.On April 1, Bitcoin ( BTC) prices continued to rebound, strengthening further
placeholder
Today’s Market Recap: US and Iran Signal Willingness to End Conflict, Three Major US Stock Indexes Surge, Dollar Ends Five-Day Winning StreakAs the U.S. and Iran signaled a de-escalation of their conflict, market risk appetite recovered significantly, with the three major U.S. stock indices rebounding sharply to record their l
Author  TradingKey
19 hours ago
As the U.S. and Iran signaled a de-escalation of their conflict, market risk appetite recovered significantly, with the three major U.S. stock indices rebounding sharply to record their l
placeholder
Brent: Forecast lifted with $150 risk – Societe GeneraleSociete Generale’s commodities team has revised its Oil outlook, warning Brent could spike towards $150/bbl in a higher‑for‑longer scenario if the Strait of Hormuz is shut for two months.
Author  FXStreet
Mar 31, Tue
Societe Generale’s commodities team has revised its Oil outlook, warning Brent could spike towards $150/bbl in a higher‑for‑longer scenario if the Strait of Hormuz is shut for two months.
placeholder
Australian Dollar advances as RBA Minutes flag more tighteningAUD/USD halts its five-day losing streak, trading around 0.6860 during the Asian hours on Tuesday. The pair advances as the Australian Dollar (AUD) receives support after the Reserve Bank of Australia released its March Meeting Minutes.
Author  FXStreet
Mar 31, Tue
AUD/USD halts its five-day losing streak, trading around 0.6860 during the Asian hours on Tuesday. The pair advances as the Australian Dollar (AUD) receives support after the Reserve Bank of Australia released its March Meeting Minutes.
placeholder
USD/JPY Hits 160.00 Mark, Will Japanese Government Intervene? Will the Currency’s Rally Be Contained?As of March 30, the US Dollar against the Japanese Yen ( USDJPY) continues to fluctuate at high levels near the 160 mark, with the Yen having fallen to a nearly one-year low. Expectations
Author  TradingKey
Mar 30, Mon
As of March 30, the US Dollar against the Japanese Yen ( USDJPY) continues to fluctuate at high levels near the 160 mark, with the Yen having fallen to a nearly one-year low. Expectations
goTop
quote