The post Expert Predicts Timeline for Shiba Inu to Hit New ATH of $0.00023 appeared on BitcoinEthereumNews.com.

Shiba Inu (SHIB) has been showing signs of potential growth, and market analyst Alan Santana has mapped out a path that could see it reach a new all-time high. He presented his analysis on TradingView amid the persistent market uncertainty. As depicted in the accompanying chart, Shiba Inu has been in a downward trend. This indicates a market correction phase.  This phase followed a massive price spike from late February to early March, which saw SHIB hit $0.000045. Notably, the correction phase features falling prices and can be alarming to some investors. However, according to Santana, this is a normal part of the market cycle and often leads to a period of consolidation. Shiba Inu Accumulation Phase The chart points out an “accumulation zone,” a phase where the price of Shiba Inu could move sideways after a downtrend. During this period, the market stabilizes, and trading volume typically decreases as fewer market participants are willing to sell at lower prices.  Shiba Inu 1W Chart | Alan Santana Santana pointed out that this phase is essential for building a solid base for the next upward movement. In his view, this accumulation phase typically involves a lull in activity and can serve as a preparatory stage for a significant bull market.  He stressed that smart money—seasoned investors and institutions—often accumulates assets quietly during these periods of low prices, waiting for the right moment to capitalize on the next bull run. The Upcoming Bull Run For this upcoming bull run, Santana expects a rally that could take Shiba Inu to new heights. He anticipates a breakout from the accumulation zone, where the price will start to form higher highs and higher lows, marking the beginning of a new bull market.  According to the chart, Santana suggests that the upcoming bull market could propel…

---

Filed under: News - @ August 31, 2024 6:24 am