Market Turbulence Hits SHIB and DOGE, But Analysts Predict Major Upside

The recent downturn in the crypto market has affected major memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE), with both experiencing significant price drops over the past few days. Despite this setback, some crypto analysts remain bullish, forecasting potential breakouts for both digital assets.

Shiba Inu (SHIB) on the Verge of a Breakout

According to crypto analyst Javon Marks, Shiba Inu could be nearing a major rally, having already broken through a larger resistance trend. His analysis sets a price target of $0.000081, with the possibility of climbing even higher to $0.0001553—a level that would represent an 840% increase from its current price.

Marks emphasized that buyer activity has rejected selling pressure, suggesting strong market support. He noted that SHIB’s recent sideways movement could contribute to sustained growth, making a higher breakout more likely.

Dogecoin (DOGE) Eyes Higher Levels

Similarly, Marks remains optimistic about Dogecoin, stating that DOGE has shown a strong breakout response. His analysis suggests that if DOGE can surpass $0.6533, it could then set its sights on a higher price target of $1.25111.

Can SHIB and DOGE Overcome Market Uncertainty?

While SHIB and DOGE have been impacted by broader market turbulence, strong technical signals suggest that a bullish continuation is still in play. If support levels hold, both memecoins could experience significant price recoveries in the near future.

Investors and traders are now watching closely to see if these predictions play out, making Shiba Inu and Dogecoin two of the most closely monitored assets in the crypto space.