Shiba Inu’s (SHIB) 3% Surge as 14% Monthly Drop Looms

• Shiba Inu is up 3% but down 14% in the last month, trading at $0.00001365.
• Analyst Javon Marks predicts a 450% surge to $0.000081, but the market remains cautious.
• SHIB may drop to $0.00001289 in mid-March before stabilizing near $0.00001315.

Shiba Inu (SHIB) remains one of the most talked-about tokens in the crypto space. Its price movement, however, tells a story of struggle. The meme coin is battling critical resistance levels while still showing resilience. Will it reach new highs by mid-March 2025?

As of today, Shiba Inu is trading at $0.00001365, marking a 3% increase in the last 24 hours. The slight push came after Ethereum was included in former President Donald Trump’s crypto reserve.

Despite this, SHIB has suffered from Bitcoin’s volatility. BTC plunged to $83,000 recently, dragging SHIB down 14% over the last month. The market-wide downturn has left many SHIB investors wondering: Can the token break through soon?

Crypto analyst Javon Marks remains bullish on SHIB. According to him, SHIB has been preparing for a major rally for some time. Marks believes SHIB will skyrocket 450%, aiming for $0.000081 in the near future.

“$SHIB continues to hold its breakout from late 2022/early 2023, and prices remain positive. The target for SHIB is still $0.000081, over 450% away.”

SHIB’s technical breakout from early 2023 remains intact, according to Marks. If this holds, the token could see a rapid climb. However, current market conditions paint a different picture.

Shiba Inu’s Mid-March Forecast: Price Stability or More Pain?

Shiba Inu’s mid-March outlook appears weak, according to CoinCodex. The token could dip to $0.00001289 by March 20, 2025, before attempting to stabilize. By the end of the month, SHIB may hover around $0.00001315, suggesting limited upward movement.

Source: CoinCodex

Source: CoinCodex

Market sentiment remains bearish, with the Fear & Greed Index at 20 (“Extreme Fear”). Over the past month, SHIB had only 40% green days and showed 6.39% volatility, signaling instability. Given these factors, CoinCodex warns that now is not an ideal time to buy SHIB.

For Shiba Inu to hit Javon Marks’ $0.000081 target, key market conditions must align. Bitcoin needs to recover, as SHIB often mirrors BTC’s movement. Additionally, strong buying momentum must drive SHIB past critical resistance levels. Lastly, the broader crypto sentiment must shift from fear to greed, encouraging investors to take risks and fuel the rally.

The coming weeks will be crucial. If SHIB can maintain its support levels and BTC recovers, the token might regain momentum. Until then, its mid-March price forecast suggests uncertainty rather than a breakout.