Technical analyst Javon Marks recently conducted an in-depth technical study on Shiba Inu ( SHIB ) coin, stating that this encryption asset may be in an important consolidation phase and is expected to experience a significant upward breakout.

According to Marks' analysis, a clear inverse head and shoulders pattern has formed on the SHIB price chart, which is considered a strong bottom reversal signal in traditional analysis frameworks. When this pattern is completed and breaks through the neckline, it usually indicates the possibility of a price trend reversal and subsequent upward movement.

Regarding the specific target price, Marks has set the primary price target at $0.000081. If SHIB can successfully confirm the current pattern and effectively break through, the theoretical upside potential from the current price level could exceed 500%. Furthermore, once approaching this target price, this range may transform into an important support level in the future.

Historically, SHIB has exhibited high volatility characteristics multiple times. Once a technical breakout is confirmed and accompanied by increased market momentum, it often leads to drastic price fluctuations in a short period. Marks specifically pointed out that if this inverse head and shoulders pattern is ultimately confirmed to be valid, it could trigger the most significant price rebound in SHIB's history.

It is important to note that the cryptocurrency market carries inherent risks, and investors should maintain rational judgment when referring to such analyses, considering multiple market factors and making decisions based on their own risk tolerance. While technical analysis can provide a reference framework, actual market trends are influenced by multiple factors and carry uncertainties.