Shiba Inu Skyrocketing Potential: Could SHIB Surge 500%?
19 Agosto 2024 - 10:00AM
NEWSBTC
Shiba Inu (SHIB) may be gearing up for a massive spike as
cryptocurrency analysts are divided on what could come next. Javon
Marks, one popular social media member in the crypto-verse, has
taken to X, formerly known as Twitter, with some very bullish
comments that SHIB is on the brink of a major breakout. Related
Reading: AAVE Soars 18% Amidst Adverse Market Conditions – Details
According to Marks, a serious price pattern has been forming that
suggests SHIB could be getting ready for an explosive move higher.
At the same time, though, another analyst, Alan Santana, suggests
this current market phase is not going to rally but gives way as an
opportunity for long-term accumulation only. The Falling Wedge
Pattern Marks is optimistic due to the formation of what is known
as a Falling Wedge pattern, which usually forms as a bullish
reversal. This wedge has been emerging for many months, and SHIB is
now reaching the point where a breakout could occur. $SHIB (Shiba
Inu)’s ≈6X: Prices of Shiba are currently nearing the converging or
breakout point of a massive Falling Wedge pattern on the daily (1d
Chart) and with a recent confirmation of a Regular Bullish
Divergence, this can be pointing to a bullish breakout! This can
spark… pic.twitter.com/sAUSyrH4q0 — JAVON⚡️MARKS (@JavonTM1) August
17, 2024 Marks said that the narrowing price action inside the
wedge indicates a big price shift might be due. Should SHIB break
out, Marks assigns a target price of $0.000081, which would be an
incredible 498% higher from current levels. Rising Investor
Interest In Shiba Inu Currently, SHIB stands at a price that is
close to $0.000013, which signals that it is worth over 1% more in
the last day. The insignificance of this price jump may serve as a
rebounding sign for SHIB, which jumps to 25% from the lows of
$0.000010 not too long ago. But not everyone is swayed that SHIB
will experience such drastic moves in the short run. For example,
Alan Santana, a respected crypto analyst, is a bit more
level-headed. ✴️ Shiba Inu Pre-2025 Bull-Market Accumulation Zone
& Strategy Please, let me start by saying that the all-time
high potential is based on the current price. Since Shiba Inu can
move lower within the “accumulation zone,” by the end of the
upcoming bull-market total growth… pic.twitter.com/fLdTbOGQvm —
Alan Santana (@lamatrades1111) August 17, 2024 Santana holds his
opinion that SHIB is within an active correction phase, which is
likely to further slash its price before any substantial gains can
be accrued. A sideways move and consolidation period shall be the
best move for long-term investors in this case. Related Reading:
Helium Rockets Up 18% As Investors Weigh In New Developments –
Details Accumulation Zone And Long-Term Strategy Santana noted that
the prevailing range is an accumulation zone—where patient
investors are able to build their SHIB positions at lower levels
before the token is reclaimed at parity. 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.
Featured image from Pexels, chart from TradingView
Grafico Azioni Helium (COIN:HNTUSD)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Helium (COIN:HNTUSD)
Storico
Da Dic 2023 a Dic 2024