As a seasoned crypto investor with over a decade of experience, I have witnessed numerous market cycles and trends that have shaped my investment approach. While I appreciate the bullish sentiments expressed by Javon Marks regarding Shiba Inu (SHIB), I find it prudent to remain cautiously optimistic.
It’s possible that Shiba Inu (SHIB) could experience a significant surge, given the differing opinions among cryptocurrency analysts about its future direction. Notably, a well-known figure in the crypto community, Javon Marks, has expressed optimistic views on this matter, suggesting that SHIB is poised for a substantial leap forward. He recently shared his bullish thoughts on a platform, previously known as Twitter.
Based on Marks’ analysis, a significant price pattern indicates that Shiba Inu (SHIB) might soon experience a powerful surge upward. However, contrastingly, analyst Alan Santana posits that the current market phase may not lead to a rally but instead presents an opportunity for long-term accumulation.
The Falling Wedge Pattern
Marks appears hopeful since the development of a pattern called the “Falling Wedge,” often signaling a bullish reversal. For several months, this wedge has taken shape, and Shib might be nearing the stage for an outburst.
$SHIB (Shiba Inu)’s ≈6X:
The cost of Shiba Inu coins is approaching the critical juncture where a significant Falling Wedge formation on the daily chart could either converge or shatter, potentially signaling an optimistic price surge based on the recent appearance of a Regular Bullish Divergence.
This can spark…
— JAVONMARKS (@JavonTM1) August 17, 2024
According to Marks, the tightening trend within the wedge suggests a significant change in price could occur. If Shib manages to break out, Marks predicts a target price of $0.000081, representing a staggering 498% increase from its current value.
Rising Investor Interest In Shiba Inu
Right now, SHIB is trading at around 0.000013 USD, representing an increase of over 1% in the last day. This minor price surge could indicate a recovery for SHIB, as it has jumped by nearly 25% from its recent lows of $0.000010.
However, it’s worth noting that not all individuals share the belief that Shiba Inu (SHIB) could make such significant shifts in the immediate future. To illustrate, Alan Santana, a well-regarded cryptocurrency analyst, tends to approach predictions with a more measured perspective.
Shiba Inu Pre-2025 Bull-Market Accumulation Zone & Strategy
Initially, I’d like to point out that the maximum possible gain is currently tied to the existing price level. Given that Shiba Inu might dip in the “buying zone” before the impending bull market, the total increase we could see by its conclusion…
— Alan Santana (@lamatrades1111) August 17, 2024
As an analyst, I firmly believe that Shiba Inu (SHIB) is currently undergoing a corrective phase, which may lead to a continued decrease in its price. For long-term investors, it might be prudent to prepare for a period of sideways movement or consolidation before anticipating any significant returns.
Accumulation Zone And Long-Term Strategy
Santana pointed out that the current range serves as a gathering point for long-term investors, who can acquire their Shiba Inu (SHIB) tokens at lower prices prior to its potential recovery and reaching its original value.
He sees SHIB rising by a factor of around 20 to 25 times from its current price by the peak of the next bull run in much the same way. According to him, this would only happen after 2025. For those looking to gain from a long perspective, Santana says patience is the name of the game.
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2024-08-19 11:11