Despite a period of underperformance and falling prices, analysts foresee significant growth for Shiba Inu (SHIB) by 2025. On August 17, analyst Alan Santana expressed optimism, forecasting that SHIB could hit an all-time high of $0.00023179 during the next bull market, representing a 17.5-fold increase based on current market trends and accumulating bullish signals.
What Are Analysts Saying About SHIB?
Analysts believe that further declines from SHIB’s existing accumulation zone could result in a dramatic rebound, potentially achieving a 20 to 25-fold increase by the end of the next bull market. This scenario presents a lucrative opportunity for long-term investors. Santana’s analysis points out that SHIB has been in an accumulation phase, marked by consolidation at certain price levels since 2022, which has historically preceded significant price surges. Access COINTURK FINANCE to get the latest financial and business news.
The current accumulation phase exhibits strong support and interest at these levels, indicating that a significant market segment may be preparing for an upward move. SHIB continues to attract buyers at the $0.00001319 level, a key area where pre-breakout purchases have historically occurred.
How Much Will Shib Be Worth?
The primary accumulation zone for SHIB lies between $0.00000510 and $0.00001586, areas that have provided strong support during market corrections. The lower boundary at $0.00000510 has been a crucial support level, and a drop below this could lead to further declines. Conversely, surpassing the $0.00001586 level may signal the beginning of a bullish trend, potentially leading to higher price points.
Currently, the $0.00001319 price level acts as resistance. Converting this resistance into support could be the initial step toward reaching the ambitious target of $0.00023179 by 2025. Nevertheless, investors should remember that SHIB remains 85% below its all-time high of $0.00008845.
Strategic Takeaways for Investors
Key takeaways for investors include:
- Monitor the $0.00001319 level for potential resistance break and support formation.
- Accumulate positions within the $0.00000510 to $0.00001586 zone for optimal risk management.
- Be prepared for high volatility, as the current market is still far from the all-time high.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/analysts-anticipate-gains-for-shiba-inu