Shiba Inu (SHIB) could be on the verge of a seismic rally, according to a new analysis from popular crypto analyst Javon Marks.
In a Tuesday post on X (formerly Twitter), Marks highlighted a massive Inverse head-and-shoulders pattern that has been forming on SHIB’s chart since 2022. This bullish formation could catapult the token by over 503% to a target price of $0.000081 if confirmed.
“As $SHIB continues to hold in a huge Inverse Head & Shoulders Pattern and in the last phases of it, these prices can be GETTING READY TO RUN,” Marks stated “It could consist of an over 503% upside to our first target at $0.000081”.
This isn’t the first time Marks has referenced this level. Since February 2025, he has consistently pointed to $0.000081 as a key resistance level. However, SHIB’s road to that level has been anything but smooth. The token has seen a 50.93% decline year-to-date despite broader optimism in the crypto space, as per CoinMarketCap data.
Meanwhile, the identified Inverse Head and Shoulders pattern marks span from mid-2022 to 2025. The left shoulder formed after a steep drop in 2022, the “head” appeared with a new low around mid-2023, and the right shoulder recently took shape in early 2025. According to the pundit, a decisive breakout above the neckline would complete the pattern and potentially trigger a parabolic rally.
A surge in on-chain activity adds weight to this bullish thesis. According to data from IntoTheBlock, SHIB has seen a 9.75% rise in active addresses, a 9.41% increase in new addresses, and a 15.37% uptick in zero-balance addresses. These indicators suggest growing engagement with the Shiba Inu network, often a precursor to strong price movements.
Meanwhile, whales are also making noise. On June 3 alone, 1.07 trillion SHIB was moved out of large wallets, a 995% increase in outflows, raising questions about whether big players are accumulating or preparing to sell. Interestingly, inflows to whale wallets also jumped by over 200%, indicating possible strategic repositioning ahead of a major price move.
Developer Shytoshi Kusama’s recent teaser about integrating AI technology into the Shiba ecosystem adds to the momentum. The cryptic post hinted at a future where SHIB merges decentralized infrastructure with artificial intelligence, sparking renewed interest across social platforms and pushing SHIB’s price up roughly 8% in a matter of hours.
Meanwhile, despite this buzz, SHIB still struggles to break the key resistance level at $0.00001720. The token was trading at $0.00001208 at press time, reflecting a 5.39% drop in the past 24 hours.
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