Shiba Inu’s Potential Surge: Market Analyst Predicts New All-Time High

Shiba Inu (SHIB) has shown signs of potential growth, with market analyst Alan Santana outlining a path that could lead the cryptocurrency to a new all-time high. Amid the ongoing market uncertainty, Shiba Inu has been in a downward trend, as depicted in the accompanying TradingView chart. This indicates a market correction phase that followed a significant price surge from late February to early March.

Notably, this correction phase is characterized by falling prices, which might be alarming for some investors. However, according to Santana, this is a natural part of the market cycle and often leads to a period of consolidation.

Shiba Inu’s Accumulation Phase

Santana highlights the “accumulation phase,” where Shiba Inu’s price may move sideways after a downtrend. During this time, the market stabilizes, and trading volumes typically decrease as fewer participants are willing to sell at lower prices. Santana emphasized that this phase is crucial for building a solid foundation for the next upward movement.

In his view, this accumulation period usually involves a lull in activity and serves as a preparatory stage for a significant bull market. He pointed out that smart money—seasoned investors and institutions—often quietly accumulate assets during these periods of lower prices, waiting for the right moment to capitalize on the next rise.

The Next Bull Run

Santana anticipates a coming bull run that could take Shiba Inu to new heights. He expects a breakout from the accumulation zone, where the price will begin forming higher highs and higher lows, signaling the start of a new bull market. Shiba Inu could potentially reach a record high of $0.00023179, representing an astonishing 17.5x increase from its current price. Santana estimates this could happen by 2025, assuming favorable market conditions persist.

Ideal Trading Strategy for Shiba Inu

Santana also touched on trading psychology, cautioning against trading based on excitement or emotional reactions. Instead, he advised investors to approach the market with a calm mindset and a strategic plan. Emotional trading, often driven by the fear of missing out, can lead to poor decisions, such as buying at high prices or selling prematurely during market dips. Santana advocated for a disciplined approach.

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For those looking to capitalize on Shiba Inu’s potential, Santana recommended a buy-and-hold strategy. He advised purchasing during the current accumulation phase and holding the investment until the bull market fully materializes. According to him, the altcoin market, including Shiba Inu, could last several months, offering investors ample opportunity to plan their exits and maximize profits. At the time of writing, Shiba Inu is trading at $0.00001397, up 0.21% in the past 24 hours.

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