Crypto analyst Javon Marks believes that Shiba Inu (SHIB) will continue to hold its breakout from late 2022 and early 2023, with a target price of $0.000081, representing a potential gain of 450%. While SHIB has experienced recent volatility, the broader trend remains positive. The ownership distribution chart shows that large holders and mid-sized holders have been accumulating SHIB, suggesting growing confidence among institutional and high-net-worth investors. However, retail participation has declined, indicating smaller investors exiting the market. Another analyst, Paul Endeo, attributes SHIB's recent price weakness to a possible head and shoulders pattern, bearish network conditions, declining institutional interest, weak network growth, and diminishing profitability among holders. The current support level for SHIB is at $0.0000147, and a successful hold could trigger a 20% price rebound, while a failure to maintain support may lead to a drop to $0.00001261.



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