Javon Marks, senior market analyst at #SHIB , expects Shiba Inu (SHIB) to rise sharply, predicting a potential price range between $0.000081 and $0.0001553. This optimistic outlook comes at a time when SHIB is demonstrating strength in its current recovery phase.

Over the past two weeks, Shiba Inu, like many cryptocurrencies, has undergone a correction, causing the price to drop by more than 14%. However, SHIB has rebounded 17.10% this week, indicating the start of a new uptrend.

Impressive strength and growth potential
In a post on X, Javon Marks highlighted that Shiba Inu's recent upward momentum has shown extraordinary strength. This strength could push the meme-inspired cryptocurrency back into the $0.000081 area, a price level not seen since the all-time high of $0.00008845. If this happens, SHIB can create a launchpad to retest or even surpass the previous ATH.

The analysis further points out that Shiba Inu has decisively shaken off its 16-month downward resistance trend. This encouraging development reinforces the asset's bullish outlook. If this momentum continues, Marks expects the price to rise further to $0.0001 and even hit an all-time high of $0.0001553, an increase of about 90%.