Shiba Inu (SHIB) is currently exploring one of its lowest price spells. The cryptocurrency is unable to secure a new high, despite the asset’s momentum being steady at the moment. SHIB is consistently attracting new attention, and it is now onboarding significant holders that may help push its price off the radar. When will Shiba Inu truly hit a high price mark?

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As chatter around SHIB is gaining a steady pace, according to Javon Marks, Shiba Inu is currently in the process of scoring a new high very soon. Per Marks, Shiba Inu is currently breaking out of a falling wedge-like pattern, signaling a 453% rise in the near future.

“$SHIB is now breaking out of this falling wedge-like pattern, and prices can be on the verge of another huge response! A previous breakout similar to this one led into an over 453% move, so seeing another breakout like this take place shows extreme upside potential…(Shiba Icapifalnu).

$SHIBnow breaking out of this Falling Wedge-like pattern and prices can be on the verge of another huge response!A previous breakout similar to this one led into an over 453% move so seeing another breakout like this take place shows extreme upside potential…(Shiba Inu)https://t.co/0TjH0G6Os0pic.twitter.com/WXTc3S1Qid

In addition to this, Shiba Inu is also attracting smart money as the SHIB holder count continues to rise despite the token’s slow price pace.

SHIBA INU TOKEN HOLDERS SEES SHARP INCREASEAccording to data from@etherscan, the number of wallet addresses holding@Shibtoken's$SHIBsaw a significant spike.It added some 10,000+ holders between April 19 and April 22.The change is reflected in some positive price action…pic.twitter.com/wPIPz55vpF

Marks further mentioned how SHIB has long been developing price patterns, which, once completed, can deliver double gains for the asset.

“$SHIB is maintaining the pattern shape of a large inverse head & shoulders, and prices have recently been showing notable strength! Being in the final shoulder of this pattern, these prices could launch into a huge >431% uphill run to meet the $0.000081 technical target, which stems from a different breakout! This pattern could be what helps initiate that 5X process.”

$SHIB(Shiba Inu) is maintaining the pattern shape of a large Inverse Head & Shoulders and prices have recently been showing notable strength!Being in the final shoulder of this pattern these prices could launch into a huge >431% uphill run to meet the $0.000081 technical…https://t.co/PWNJx7Zberpic.twitter.com/Hbjxu8EKFW

Source: Watcher Guru