Despite experiencing significant volatility and price declines over the past few months; analysts predict substantial gains for Shiba Inu (SHIB) in the upcoming 2025 bull market.
On August 17, trading expert Alan Santana projected a strong upward trajectory for Shiba Inu, with SHIB potentially reaching a new all-time high of $0.00023179. This would represent a remarkable 17.5x increase from its current price, driven by market accumulation and upcoming bullish trends.
However, analysts suggest that if SHIB dips further within its accumulation zone, the growth potential could be even greater, possibly increasing its price by 20 to 25 times by the end of the upcoming bull market. This presents a more lucrative opportunity for long-term investors.
SHIB price analysis chart. Source: TradingView/Alan Santana
The repeated accumulation suggests strong support and interest at these levels, indicating that a significant portion of the market is positioning for a notable price increase.
Currently, SHIB is within a buying zone, strategically positioned around the $0.00001319 mark. This zone has been identified as crucial for accumulation before the anticipated breakout.
Moreover, the downward trendline signifies a period of price correction and consolidation, which has historically been followed by strong upward momentum.
The primary accumulation zone is approximately between $0.00000510 and $0.00001586. This area has previously served as strong support, where SHIB’s price has stabilized during corrections.
The lower boundary of this accumulation zone, around $0.00000510, has provided robust support during past corrections.
While a dip below this level could indicate further downside, it also presents a potential buying opportunity for those looking to capitalize on SHIB’s long-term growth.
Breakout potential and long-term price targets
Breaking above the upper boundary of the accumulation zone, around $0.00001586, could signal the onset of a bullish trend, potentially leading to a significant price increase.
The current price level of $0.00001319 also serves as minor resistance. Therefore,sustaining a move above this level could indicate the end of the current correction phase, setting the stage for a new upward trend with a target of $0.00023179 in 2025.
For investors, the key strategy lies in accumulating SHIB within the identified buy zone. This approach allows for positioning at a relatively low price, minimizing risk while maximizing potential returns.
Moreover, monitoring the volume profile is essential. A significant increase in volume during accumulation phases often precedes price rallies, providing an early indicator of a potential breakout.
Shiba Inu price analysis
As of the most recent data retrieved on August 17, Shiba Inu is trading at $0.00001332, reflecting a 0.88% drop on the day and an accumulated loss of 5.71% on its weekly chart.
SHIB price 7-day chart. Source: Finbold
The combination of historical accumulation patterns, strategic buy zones, and volume analysis suggests that SHIB is poised for a substantial rally in the 2025 bull market.
By adhering to these strategies, investors can position themselves to potentially achieve significant gains as SHIB approaches its new all-time high. That said, thorough research is crucial, as the crypto sector’s unpredictable nature can lead to unforeseen shifts.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
