Analyst Alan Santana is confident in another major Shiba Inu bull run, projecting a significant price beyond the $0.00007 target amid ongoing accumulation.
Shiba Inu has experienced a 5.2% gain in the last 24 hours, currently trading at $0.00001772. Despite this rise, Shiba Inu is still facing a loss of 9.46% from the higher price of $0.0000195 it reached last week.
Amid this, notable market analyst Alan Santana on TradingView has asserted that the current price of Shiba Inu represents a significant low. He argued it will likely be the final accumulation zone before a potential dramatic uptrend in the coming months.
For context, this analyst is expecting a rally up to the $0.00007 price level in the near term for SHIB.
Shiba Inu at Final Accumulation Zone
In his analysis, Santana noted that as 2025 approaches, the altcoin market is entering its final accumulation phase of 2024, offering a last chance to buy at lower prices before a major bull market.
Meanwhile, he explained that this phase will last several months, giving investors ample time to act. Santana highlighted that current bearish trends align with his earlier predictions in the “Pre-2025 Bull Market” series, which anticipated one final dip for popular altcoins before significant growth.
He emphasized a buy-and-hold strategy and discussed trading methods and market psychology. He expressed confidence that this scenario is unfolding, suggesting investors will feel assured about a substantial bull run in 2025 if it materializes.
Accordingly, Santana commented on Shiba Inu’s recent modest rise, noting it was not surprising. Specifically, in late September, SHIB surged to $0.000021, a three-month high, before retracing.
Shiba Inu to Have More Promising 2025
The analyst expects the current drop to last a few weeks, followed by several months of recovery, leading to sustained growth in 2025.
According to Santana, anticipating drops allows for better preparation and strategic adjustments. He noted that price action only impacts investors if unexpected, asserting that the current movements are unfolding as planned.
For experienced investors, Santana noted this situation presents an opportunity to sell and buy back at lower prices. For beginners, holding through this phase is a viable strategy, as the entire cycle is expected to unfold over just a few months.
Santana projects that Shiba Inu will rally toward $0.00007 following a breakout from the current consolidation before moving to retest its 2021 all-time high by early 2025.
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Source: https://thecryptobasic.com/2024/10/05/shiba-inu-to-surpass-0-00007-as-top-trader-identifies-long-term-shib-accumulation-zone/?utm_source=rss&utm_medium=rss&utm_campaign=shiba-inu-to-surpass-0-00007-as-top-trader-identifies-long-term-shib-accumulation-zone