Analysts Project 543% Shiba Inu Inbound to $0.0001397 as Bullish Bias Remains Intact

Shiba Inu (SHIB) continues to capture the attention of market observers as an analyst highlights the token’s strong bullish setup, pointing to a potential price rise of 543%.

The projection builds on SHIB’s consistent ups and downs since June 2023, suggesting a monumental rally could be imminent.

In his commentTradingView analyst Alan Santana noted that Shiba Inu’s recent six-day bearish period has not disrupted its broader upward trajectory. According to Santana, SHIB remains in a bullish consolidation phase. He believes the current phase could pave the way for what could be the most vigorous price rise in more than four years.

At the time of going to press, Shiba Inu is trading at $0.0000226, down 7% in the last 24 hours. Notably, Shiba Inu briefly touched the $0.000025 level yesterday, but returns again today as bullish momentum struggles to gain a foothold.

Bullish Shiba Inu Chart Setup for 543% Price Run

Regardless of the continued price fluctuation, analyst Santana believes that the current SHIB chart setup remains very favorable compared to other pairs. He highlighted the strong uptrend, with higher and more consistent highs and lows, showing the gradual and step-by-step growth of the Shiba Inu.

Santana predicts that the next upward move will be large, likely pushing SHIB beyond its previous all-time high. According to him, this surge will gain momentum quickly and easily, breaking through resistance levels.

Notably, at the start of the expected Shiba Inu uptrend, one of the main targets is for Shiba Inu to regain its dominance above the $0.000032 price level. The analyst subsequently expects a 223% rise to the $0.00007056 level, 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 race, Santana’s ultimate target for Shiba Inu is to undo another zero with a 543% rise to $0.0001397.

“Once bullish momentum is activated, there is no stopping the speed at which this pair can move.” he said.

How long until SHIB achieves these goals?

Although the timing of the recovery remains uncertain, he points out that two main scenarios are in play. The first involves a rapid upward trend over the next five months. The second concerns a more classic cycle involving an upward trend, a corrective phase and renewed growth.

Specifically, its chart points to a potential date in August 2025 for the new all-time high to materialize. Regardless of chronologythe analyst stressed that the outlook remains extremely positive.

Ultimately, Santana’s analysis reflects a strong belief in SHIB’s potential, with a clear message to investors that a major breakthrough is on the horizon, offering substantial profit opportunities.