Shiba

Momentum

Million

Shiba Inu

This month, <a href="https://www.coinbase.com/en-gb/price/shiba-inu" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> (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.
READ MORE: <a href="https://www.cryptointelligence.co.uk/microstrategy-bolsters-bitcoin-treasury-with-800-million-note-offering-purchases-12000-btc/" data-wpel-link="internal" rel="noopener noreferrer nofollow">MicroStrategy Bolsters Bitcoin Treasury With $800 Million Note Offering, Purchases 12,000 BTC</a>
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.
To submit a <a href="https://www.cryptointelligence.co.uk/category/press-releases/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto press release (PR)</a>, send an email to <a href="mailto:sales@cryptointelligence.co.uk" rel="noopener noreferrer nofollow">sales@cryptointelligence.co.uk</a>.

Shiba Inu (SHIB) Poised for Historic Surge: Analyst Predicts 822% Price Increase Amidst Bullish Momentum

Crypto Intelligence

Other articles published on Mar 13, 2024

Bitcoin Leverage Trading Surges as Prices Climb

Solana network grapples with congestions amid security concerns

Top NFT Collections Experience Price Drops

Stacks (STX) and Tron (TRX) Maintain Steady Momentum, Can This New Meme Coin Match Their Trajectory?

How One Bitgert Trader’s $100 Investment Catapulted to $1.9M – Can You Replicate Their Triumph?

Top Analyst Michaël van de Poppe Shares Critical Crypto Portfolio Tips

Join our free newsletter for daily crypto updates!