This month, Shiba Inu (SHIB) has seen a significant resurgence, capturing the attention of cryptocurrency enthusiasts with a 250% increase in value over just two weeks.
This rally recalls the meteoric rise of SHIB in October 2021 when it reached its peak at $0.00008845.
Crypto analyst Alan Santana has made a striking prediction on TradingView about SHIB’s trajectory, foreseeing an 822% price surge.
Santana’s analysis points to a breakout potential for SHIB, suggesting that its current price could be just the beginning of a substantial upward movement.
If SHIB follows Santana’s projection, its value could soar to a new all-time high of $0.00027, marking a significant milestone for the cryptocurrency.
Santana outlined several intermediate targets for SHIB, with prices ranging from $0.00000888 to $0.00001890, and recommended a buying range of $0.00000742 to $0.00000824.
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Despite SHIB having already surpassed these levels, Santana believes now is the opportune time to invest, as the currency aims for the $0.00027 mark, a target that surpasses predictions by other analysts.
It’s important to note that Santana’s forecast is intended for long-term investors, cautioning those looking for quick profits to tread carefully.
He emphasizes the importance of timing and patience for those engaged in leverage trading.
Currently, SHIB has experienced a minor downturn, with a 6% decrease in the last 24 hours and a 17% drop over the past week.
Despite trading 62.42% below its all-time high, according to CoinMarketCap data, the recent performance has reignited optimism for reaching new highs.
The Shiba Inu ecosystem, including developments like Shibarium, and bullish chart signals contribute to the positive outlook for SHIB.
These factors, combined with the current momentum, suggest that a new all-time high for SHIB might not be far off, offering promising prospects for the meme coin and its investors.
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