Shiba Inu Analysis 🚀
Shiba Inu (SHIB) might experience a significant surge as experts in the cryptocurrency space are split on what the future holds. Javon Marks, a prominent figure on social media within the crypto community, has shared bullish sentiments on X (formerly known as Twitter), hinting that SHIB could be on the verge of a major breakout.
The Formation of Falling Wedge Pattern
Marks is optimistic due to the emergence of a Falling Wedge pattern, typically a signal of a bullish reversal in the market. This pattern has been developing over several months, with SHIB now approaching a crucial point that could lead to a breakout.
$SHIB (Shiba Inu)’s ≈6X:
Shiba prices are nearing the breakout point of a significant Falling Wedge pattern on the daily chart, coupled with confirmation of a Regular Bullish Divergence. This indicates a potential bullish breakout!
This could trigger… pic.twitter.com/sAUSyrH4q0
— JAVON
Increased Attention from Investors
Presently, SHIB is valued at around $0.000013, showing a slight uptick of over 1% in the last day. While the price increase may seem minor, it could be a positive signal for SHIB’s potential, especially after surging by 25% from recent lows of $0.000010.
On the other hand, Santana views SHIB as undergoing an active correction phase, which may result in further price declines before any significant uptrend. A period of sideways movement and consolidation could be advantageous for long-term holders of SHIB.
Zone for Accumulation and Long-Term Approach
Santana highlights the current range as an accumulation zone, where patient investors can accumulate SHIB at lower prices before a potential resurgence. He envisions SHIB multiplying by 20 to 25 times from its current value during the peak of the next bull market cycle, possibly beyond 2025. For individuals with a long-term perspective, Santana advises exercising patience for optimal outcomes.
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