Shiba Inu (SHIB) continues to capture the attention of market watchers as an analyst highlights the token’s strong bullish setup, pointing toward a potential 543% price surge.
The projection builds on SHIB’s consistent higher highs and higher lows since June 2023, suggesting that a monumental rally may be imminent.
In his commentary, TradingView analyst Alan Santana noted that Shiba Inu’s recent six-day bearish spell has not disrupted its broader upward trajectory. According to Santana, SHIB remains in a bullish consolidation phase. He believes the ongoing phase could pave the way for what may be the most vigorous price advance in over four years.
At press time, Shiba Inu is trading at $0.0000226, down by 7% over the last 24 hours. Notably, Shiba Inu briefly touched the $0.000025 level yesterday but is again retracing today as the bull momentum struggles to gain its footing.
Bullish Shiba Inu Chart Setup for 543% Price Run
Regardless of ongoing price fluctuation, analyst Santana believes the current SHIB chart setup remains highly favorable compared to other pairs. He highlighted the strong bullish trend, with consistent higher highs and higher lows, showing Shiba Inu’s gradual, step-by-step growth.
Santana predicts that the next upward movement will be significant, likely pushing SHIB beyond its previous all-time high. According to him, this surge will pick up momentum quickly and easily, cutting through resistance levels.
Notably, upon the commencement of the anticipated Shiba Inu uptrend, one of the foremost targets is for Shiba Inu to reclaim dominance above the $0.000032 price level. The analyst expects a 223% rise to the $0.00007056 level thereafter, which aligns with the 0.618 Fibonacci level.
This achievement will position Shiba Inu within reach of its all-time high in the $0.000088 price region. In this run, Santana’s ultimate target for Shiba Inu is to cancel another zero with a 543% surge to $0.0001397.
“Once bullish momentum is in, there is no stopping how fast this pair can move,” he said.
How Long Before SHIB Hits These Targets?
While the timing of the rally remains uncertain, he points out that two primary scenarios are in play. The first involves a rapid upward trend over the next five months. The second is for a more classic cycle involving a bullish run, a corrective phase, and renewed growth.
Specifically, his chart points to a potential date in August 2025 for the new all-time high to materialize. Regardless of the timeline, the analyst stressed that the outlook remains overwhelmingly positive.
Ultimately, Santana’s analysis reflects a strong belief in SHIB’s potential, with a clear message for investors that a major advance is on the horizon, offering substantial profit opportunities.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
In the world of cryptocurrency, Shiba Inu has been making waves with its recent surge in price. Analysts are now projecting that the popular meme coin could experience a whopping 543% run, potentially reaching $0.0001397.
Despite the volatility in the crypto market, the bullish bias for Shiba Inu remains intact. With its strong community support and recent listing on major exchanges, many investors are optimistic about the coin’s future potential.
If Shiba Inu does indeed reach $0.0001397, it would mark a significant milestone for the coin and its investors. As always, it’s important to exercise caution and do your own research before making any investment decisions in the volatile world of cryptocurrency.
Stay tuned for more updates on Shiba Inu and its potential for growth in the coming weeks.
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