Despite recent low performance and price drops, analysts still expect significant gains for Shiba Inu (SHIB) in the 2025 bull market. On August 17, analyst Alan Santana mentioned a strong bullish potential for Shiba Inu, predicting that SHIB could reach an unprecedented high of $0.00023179 during the bull season. This would mean an impressive 17.5-fold increase, based on existing market accumulation and upcoming bullish trends.
SHIB Coin Comments
Analysts emphasize that if SHIB falls further from its current accumulation zone, the potential rebound and rise could be substantial, possibly achieving a remarkable 20 to 25-fold increase by the end of the upcoming bull market. This situation could offer greater opportunities for long-term investors.
Santana’s analysis (below) indicates that SHIB has been in an accumulation phase, shown by the blue horizontal lines where the price has consolidated multiple times since 2022. Historically, significant rises have followed this phase.
The re-emerging accumulation phase reveals strong support and interest at these levels historically. It suggests that a significant portion of the market might be preparing for a potential rise. As of today, SHIB continues to find buyers near the strategically located $0.00001319 purchase zone, which is notable as the area where pre-breakout purchases occurred.
The primary purchase zone for SHIB is between $0.00000510 and $0.00001586. This zone has historically been a strong support where SHIB’s price stabilized during corrections.
The $0.00000510 level, marking the lower boundary of this accumulation zone, has been a strong support during past price corrections. A drop below this level could lead to deeper price movements.
How Much Will Shib Be Worth?
A move above the $0.00001586 level, marking the upper boundary of the accumulation zone, could indicate the start of a bullish trend and provide the opportunity to climb to higher levels.
Currently, the $0.00001319 price level where SHIB is trading continues to serve as resistance. Surpassing this level and turning it into support could be the first steps towards a new bullish trend aiming for $0.00023179 in 2025.
However, it is beneficial for investors to remember that SHIB is still 85% away from its all-time high (ATH) of $0.00008845.
