Market analyst Alan Santana has outlined a potential trajectory for Shiba Inu (SHIB) that could see the cryptocurrency reaching a new all-time high (ATH) of $0.00023179.
Santana’s analysis, shared on TradingView, offers a detailed examination of Shiba Inu’s current market conditions, including a recent price correction phase, and forecasts a significant bullish movement by 2025.
Current Market Correction and Accumulation Phase
Santana’s analysis begins by addressing the ongoing correction phase in Shiba Inu’s price. Following a sharp increase in value from late February to early March—when SHIB briefly reached $0.000045—the market entered a downward trend. This trend, characterized by decreasing prices, is typically seen as a market correction, an expected part of the market cycle.
Santana notes that while the correction phase may concern some investors, it is essential for establishing the conditions necessary for future growth. During this phase, the price decline often leads to what is known as an “accumulation zone.”
In this zone, the price of Shiba Inu is expected to stabilize and move sideways. Trading volume generally decreases as fewer participants are willing to sell at the lower prices associated with this phase.
According to Santana, the accumulation phase plays a crucial role in building a strong foundation for the next upward movement in the market.
He suggests that seasoned investors and institutional players—referred to as “smart money”—frequently take advantage of this period to accumulate assets at lower prices. This strategic accumulation can set the stage for a subsequent bull run.
Projected Bull Run and New ATH
Santana’s analysis indicates that Shiba Inu (SHIB) is likely to experience a significant bull run following the current accumulation phase. He predicts that once the price breaks out of the accumulation zone, Shiba Inu will start to form higher highs and higher lows, a key indicator of an emerging bull market.
The projected bull run, according to Santana, could elevate Shiba Inu to a new ATH of $0.00023179, representing a substantial increase from its current trading price of $0.00001377. Santana anticipates that this price level could be reached by 2025, assuming market conditions remain favorable and the broader cryptocurrency market experiences a similar uptrend.
Strategic Trading Recommendations
In his analysis, Santana offers strategic advice for investors looking to capitalize on Shiba Inu’s potential growth. He emphasizes the importance of maintaining a disciplined and strategic approach to trading, cautioning against making decisions based on emotions or market hype.
Santana advises against engaging in emotionally driven trading, often characterized by reactions to fear of missing out (FOMO) or panic selling during dips.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Instead, he recommends a buy-and-hold strategy, particularly during the current accumulation phase. Investors should consider purchasing Shiba Inu at its current low prices and holding onto their investment throughout the anticipated bull market.
Santana’s analysis suggests 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 maximize profits by selling when the market reaches its peak. He urges investors to remain patient and strategic, avoiding impulsive decisions that could lead to missed opportunities or losses.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
