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Shiba Inu (SHIB), the popular meme coin, might be on the verge of a major price surge, according to market analyst Alan Santana. Santana’s recent analysis on TradingView outlines a potential trajectory that could see SHIB reaching a new all-time high (ATH) of $0.00023179, a staggering leap from its current price of $0.00001377.
Market Correction – A Necessary Phase
Santana begins by examining the current market correction in Shiba Inu’s price. After a sharp rise earlier this year, where SHIB briefly touched $0.000045, the market entered a downward trend. This correction, while unsettling for some investors, is seen by Santana as a vital part of the market cycle. It’s a phase where the price stabilizes and enters what is known as an “accumulation zone.”
During this accumulation phase, the price typically moves sideways, with trading volume decreasing as fewer participants are willing to sell at the lower prices. Santana emphasizes that this phase is crucial for laying the groundwork for future growth.
Seasoned investors and institutional players, often referred to as “smart money,” tend to accumulate assets during this period. Santana suggests that this strategic accumulation is setting the stage for Shiba Inu’s next significant upward movement.
Projected Bull Run – New ATH on the Horizon
Santana’s analysis predicts that following the current accumulation phase, Shiba Inu is poised for a substantial bull run. He anticipates that once SHIB breaks out of this zone, it will begin forming higher highs and higher lows—a key indicator of a bullish market.
Santana forecasts that this bull run could propel Shiba Inu to a new ATH of $0.00023179 by 2025. This projection is based on the assumption that market conditions will remain favorable and that the broader cryptocurrency market will experience a similar uptrend.
Strategic Trading – The Path to Profits
In his analysis, Santana offers strategic advice for investors looking to maximize their returns. He warns against emotionally driven trading, which often leads to poor decisions like panic selling during dips or chasing market hype.
Instead, Santana advocates for a disciplined buy-and-hold strategy, particularly during the current accumulation phase. He suggests that investors consider purchasing Shiba Inu at its current low prices and holding onto their investment throughout the anticipated bull market.
Also Read: Shiba Inu Price Drops 22% YoY – Analyzing SHIB’s Decline Amidst A Bullish Crypto Market
Santana notes that altcoin bull markets, including Shiba Inu’s, can extend over several months. This extended period allows investors to plan their exit strategies carefully, aiming to sell at the peak of the market. Santana urges patience and strategic thinking, advising investors to avoid impulsive decisions that could result in missed opportunities or losses.
Alan Santana’s analysis paints a promising picture for Shiba Inu, with the potential to reach new heights by 2025. For investors, this could be an opportune moment to enter the market, but Santana’s advice is clear: stay disciplined, avoid emotional trading, and focus on long-term gains. With the right strategy, Shiba Inu’s next bull run could indeed be a game-changer.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
