In the ever-evolving world of cryptocurrencies, expert analyst Javon Marks has recently turned the spotlight on Shiba Inu (SHIB), forecasting potential new all-time highs for the popular meme coin.

Per data from CoinGecko, Shiba Inu is currently 90.38% off its peak value of $0.00008616 as of October 28, 2021.

• However, according to Marks, the meme coin shows signs of a significant upward trajectory. His forecast comes after a thorough examination of SHIB’s recent price movements and historical data, especially the patterns leading up to its past peak.

$SHIB (#ShibaInu) may be ready to set new All Time Highs… pic.twitter.com/m2ep5PJR0L

— JAVON⚡️MARKS (@JavonTM1) August 29, 2023

• A critical observation Marks made is the appearance of a “triple bottom” pattern in SHIB’s latest price chart. In technical analysis, a triple bottom is a bullish chart pattern that consists of three identical lows followed by a breakthrough above the resistance level.
• It is usually taken to signify a strong support level and a potential downward trend reversal.
• According to Marks’ analysis, the last time the price of Shiba Inu experienced a triple bottom was between June and September 2021, when it sank to $0.00000619, $0.00000593, and $0.00000592.
• Shortly after the third dip, Shiba Inu went on an impressive bull run from Oct. 4 to Oct. 28, recording its all-time high price.