The cryptocurrency market is no stranger to volatility, and meme coins like Shiba Inu (SHIB) often sit at the epicenter of dramatic price swings. Recently, crypto analyst Javon Marks reignited optimism among SHIB enthusiasts by forecasting a potential 348% surge, pushing the token toward a $0.000081 target. Despite a recent market pullback, Marks maintains a bullish outlook, citing strong technical indicators and growing ecosystem momentum.
This article explores the factors driving this prediction, analyzes conflicting expert opinions, and examines key developments such as SHIB’s accelerating burn rate and surging activity on Shibarium—the project’s Layer 2 blockchain.
Shiba Inu’s Price Correction and the Case for a Bullish Reversal
After a promising rebound last week—where Bitcoin surged over 8% and Shiba Inu climbed 7.3%—the broader crypto market entered a correction phase. As sentiment cooled, SHIB relinquished much of its recent gains, currently trading around $0.0000178. While this may appear discouraging, analysts like Javon Marks argue that short-term dips often lay the groundwork for stronger upward movements.
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Marks’ analysis highlights a hidden bullish divergence on the 6-day chart—a technical pattern suggesting that downward momentum is weakening even as prices remain flat or dip slightly. Historically, such divergences have preceded significant rallies in major cryptocurrencies. According to Marks, this signals that SHIB could be consolidating in preparation for a powerful breakout.
Moreover, the formation appears consistent with early-stage accumulation behavior, where large investors accumulate positions before a price surge. If confirmed, this phase could mark the beginning of a sustained bullish trend with a realistic path toward previous all-time highs.
Key Resistance Level at $0.00002: A Make-or-Break Zone
One of the most critical price levels for Shiba Inu right now is $0.00002. This threshold has repeatedly acted as resistance, and breaking above it could unlock further upside momentum. On Tuesday, SHIB surged over 8%, yet still failed to close above this psychological barrier.
Analyst SwallowPremium warns that failure to breach $0.00002 could lead to a 26.5% decline, potentially dropping SHIB to $0.00001407. Such a scenario would reflect weakening investor confidence and increased selling pressure.
In contrast, analyst Jack offers a more optimistic projection, suggesting SHIB could climb up to **$0.000027**—a 51% increase from current levels—if bullish momentum regains strength. These divergent forecasts underscore the importance of the $0.00002 level as a near-term pivot point.
Market participants are closely watching trading volume and order book depth around this zone. A decisive breakout with high volume could validate Marks’ 348% forecast, while continued rejection may delay any meaningful rally.
Accelerating Token Burns: Scarcity Driving Value?
A major catalyst behind Shiba Inu’s long-term value proposition is its token burn mechanism, designed to reduce supply and increase scarcity over time. Recent data reveals a staggering 6750% spike in burn activity as of October 23, with over 27.1 million SHIB tokens removed from circulation during a single event.
Even more impressively, approximately 58 million SHIB tokens were burned within just one week—a clear sign of growing community engagement and deflationary pressure on the supply side.
This aggressive burn rate strengthens the narrative that SHIB is evolving beyond a mere meme coin into a deflationary digital asset. With fewer tokens available over time, demand could outpace supply—especially if ecosystem adoption continues to grow.
While the ambitious goal of reaching $0.01 per token still seems distant, sustained burns combined with ecosystem expansion could make it more plausible in the long run.
Shibarium Surge: On-Chain Activity Signals Ecosystem Strength
Beyond price charts and burn metrics, one of the most compelling indicators of Shiba Inu’s health lies in its on-chain activity—particularly on Shibarium, its purpose-built Layer 2 blockchain.
According to Shibariumscan, network engagement exploded recently with a 1,559% increase in active accounts within 24 hours—jumping from 1,685 to 26,237 users. Concurrently, daily transactions skyrocketed from 128,047 to 1.76 million, reflecting a massive uptick in real-world usage.
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Although Total Value Locked (TVL) has not yet mirrored this growth—an area needing improvement—the surge in user participation suggests that developers and users are actively building and transacting within the Shiba Inu ecosystem.
Such organic growth is difficult to fake and often precedes broader market recognition. If Shibarium continues attracting decentralized applications (dApps), NFT projects, and DeFi protocols, it could become a self-sustaining engine for SHIB demand.
Core Keywords
- Shiba Inu price prediction
- SHIB burn rate
- Shibarium blockchain
- Hidden bullish divergence
- Meme coin breakout
- Crypto resistance levels
- Layer 2 ecosystem growth
- Token scarcity model
Frequently Asked Questions (FAQ)
Q: What is causing the predicted 348% surge in Shiba Inu?
A: Analyst Javon Marks attributes the forecast to a hidden bullish divergence on the 6-day chart, strong community-driven token burns, and rising activity on Shibarium—all suggesting accumulation ahead of a potential breakout.
Q: Why is $0.00002 such an important price level for SHIB?
A: This level has acted as strong resistance multiple times. Breaking above it could trigger buying momentum and confirm bullish sentiment, while failure may lead to further downside pressure.
Q: How does Shiba Inu’s burn mechanism work?
A: SHIB uses a deflationary model where tokens are permanently removed from circulation through burns—often driven by transaction fees on Shibarium or community-led initiatives—to reduce supply and increase scarcity.
Q: Is Shibarium contributing to SHIB’s price growth?
A: While direct price impact isn’t immediate, surging on-chain activity on Shibarium indicates growing utility and adoption, which can support long-term value appreciation.
Q: Can Shiba Inu realistically reach $0.01?
A: It remains highly speculative given current valuations, but continued ecosystem development, aggressive burning, and increased demand could make it possible over an extended timeframe.
Q: Should I invest in Shiba Inu based on analyst predictions?
A: Price predictions are not guarantees. Always conduct independent research and consider your risk tolerance before investing in volatile assets like meme coins.
Final Thoughts
Shiba Inu stands at a pivotal moment. While short-term price action remains uncertain, fundamental developments—including record-breaking token burns and explosive growth on Shibarium—suggest that the project is maturing beyond its meme origins.
The coming weeks will be crucial in determining whether SHIB can break through key resistance at $0.00002 and validate the bullish thesis. Regardless of immediate outcomes, the growing depth of its ecosystem provides a foundation for long-term resilience in an ever-evolving crypto landscape.