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In a recent analysis by market expert Alan Santana on TradingView, he presents optimistic outlook for Shiba Inu, predicting massive price increases.
His chart and technical commentary indicate that Shiba Inu could potentially rise to impressive price points of $0.00005, $0.0001, and even $0.0002, given current market conditions and trends.
SHIB’s Bullish Foundation
During his analysis, Santana argued that Shiba Inu entered a bullish phase starting in June 2023 when it reached its bottom. For context, amid a broader market decline during the bear market last year, SHIB collapsed to a floor price of $0.00000543, the lowest in over two years.
This marked the beginning of what Santana calls a recovery wave or the initial bullish breakout. The pattern that followed, which peaked in March 2024, saw a strong surge in SHIB prices, confirming the start of Phase 1 of a broader bull market.
After peaking in early 2024 when it surged to a two-and-a-half-year top of $0.000045, SHIB experienced a correction phase that concluded in August 2024, with a low of $0.00001078. Significantly, this August low was higher than the June 2023 low, a signal that SHIB is in bullish territory.
Shiba Inu Shows Growth Potential
Santana noted that despite short-term fluctuations, the long-term trend remains bullish. Shiba Inu may experience minor corrections or retracements in the near term, but these dips are expected to be followed by higher lows and higher highs, continuing the bullish cycle.
Santana believes the broader market trend signals strong potential for substantial gains by 2025. The bull market is likely to gather momentum, particularly after February 2025, when Santana predicts the market will enter its maximum speed phase.
This will be the point when even late adopters start recognizing the ongoing bullish trend. The chart shows that Shiba Inu could first reach $0.00005682, which represents a 205% gain from current levels. This target is followed by $0.00013994, marking a 654% increase, and ultimately a rise to $0.00022321, representing a 1,111% growth.
Santana mentioned that the new all-time high for Shiba Inu could come in Q3 or Q4 2025 as the market matures. This peak aligns with broader market cycles that typically see the most rapid growth during the later stages of a bull market.
He argued that the most significant growth spurts are likely to occur after February 2025, with March 2025 marking a key turning point where the bull market will become apparent to most traders and investors.