Shiba Inu Poised To Breakthrough $0.0007 Barrier, Prominent Trader Signals
Based on recent data, Shiba Inu has demonstrated a 5.2% increase in the last 24 hours, currently trading at $0.00001772. Despite this surge, Shiba Inu is still encountering a 9.46% decline from its recent peak of $0.0000195 recorded last week.
Overview of the Santana Analysis
Renowned market analyst Alan Santana, as featured on TradingView, has indicated that the current valuation of Shiba Inu signifies a significant low point. Santana has suggested that this could potentially mark the final accumulation phase before a probable substantial uptrend in the forthcoming months.
The analyst has projected a potential rally towards the $0.00007 threshold for SHIB in the short term. Santana has emphasized that as the altcoin market progresses towards 2025, it is entering the concluding accumulation phase of 2024, presenting a final opportunity to acquire at lower prices before a major bullish market.
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Santana anticipates this phase to extend over several months, affording investors ample time to make informed decisions. He has underscored the alignment of the current bearish trends with his earlier forecasts in the “Pre-2025 Bull Market” series, which foresaw a final downturn for prominent altcoins before significant expansion.
The analyst has stressed the importance of a buy-and-hold strategy and has delved into trading methodologies and market psychology. He has expressed confidence in the unfolding scenario, intimating that investors will be reassured by a substantial bullish trend in 2025 if it comes to fruition.
Consequently, Santana has commented on Shiba Inu’s recent modest upturn, deeming it as anticipated. Specifically, in late September, SHIB surged to $0.000021, marking a three-month high, before retracing.
Santana envisions the current decline to persist for a few weeks, followed by a period of recovery spanning several months, ultimately leading to sustained growth in 2025.
Strategies Ahead
According to Santana, anticipating downturns facilitates better preparedness and strategic adjustments. He has emphasized that unexpected price movements only significantly impact investors, asserting that the current developments are unfolding as projected. For seasoned investors, Santana has highlighted the potential to vend and repurchase at lower prices in this scenario. For novices, he has suggested that holding through this phase is a viable strategy, as the entire cycle is expected to unfold over a brief span of time.
Santana foresees Shiba Inu rallying towards $0.00007 subsequent to a breakout from the current consolidation, before proceeding to retest its all-time high from 2021 by early 2025.
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Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
