Shiba Inu and Dogecoin Could Be Poised for a Major Comeback – Here’s Why
Recent market turbulence has impacted Shiba Inu (SHIB) and Dogecoin (DOGE), with both memecoins experiencing significant price declines over the past few days. This setback comes amid a broader downturn in the crypto market, yet some analysts remain optimistic about the potential trajectories for these popular memecoins. Javon Marks, a well-known analyst on Elon Musk’s social media platform X, has shared his perspective on both SHIB and DOGE, offering insight into where these memecoins might be headed next. Shiba Inu On The Verge Of A Major Rally In his analysis of Shiba Inu, Marks highlighted several technical signals that could indicate a bullish continuation. He noted that SHIB has already broken out of a larger resistance trend, setting a potential target at $0.000081. Marks emphasized that recent price dips have been met with substantial buyer activity, creating a strong rejection of selling pressure. This, he suggested, could indicate that the market has enough support to shift sentiment back toward a bullish stance. Near 10X to $0.0001553 for $SHIB 😳: SHIB (Shiba Inu) has already confirmed Bull Signals that suggest a continuation while also being broken out of a much larger resisting trend that implies $0.000081 to be in play as the target On top of that, buyers in the recent dip showed… https://t.co/DVZmRNVaQZ pic.twitter.com/CwGHrUdLwr — JAVON⚡️MARKS (@JavonTM1) February 4, 2025 According to Marks, these conditions could pave the way for SHIB to eventually reach a higher target of $0.0001553, a level that would represent a significant gain from its current price. In his words: With Shiba’s recent sideways action and dip while holding broken out, this can actually be a positive and contribute to the longevity and scale of this run, making it much more likely for a break above the $0.000081 target to take place which would then welcome $0.0001553 into play! $0.0001553 is currently over 840% way Dogecoin Path Toward Higher Levels Turning his attention to Dogecoin, Marks outlined a similarly optimistic scenario. He pointed out that DOGE has shown a strong breakout response, with recent price action suggesting a potential climb to $0.6533. Marks also indicated that if DOGE were to surpass this level, it could set its sights on a higher target of $1.25111, representing a significant upward move from current levels. $DOGE (Dogecoin) to $0.6533 is looking like its only a matter of time here with such a major breakout response and climb thus far but a move above is looking more and more likely! A move above $0.6533 brings in play $1.25111 which is currently over 333% away… https://t.co/fAGPkw2n2F pic.twitter.com/RyUuojWxsh — JAVON⚡️MARKS (@JavonTM1) February 4, 2025 DOGE price is moving sideways on the 2-hour chart. Source: DOGE/USDT on TradingView.comFeatured image created with DALL-E, Chart from TradingView Samuel Edyme Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics. When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think's probably unfeasible, I've done already a hundredfold.” PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp. Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. 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