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SHIB Flashes Buy Signal According to the Same Indicator That Predicted DOGE’s Rebound
The recent market downturn has left many investors concerned about the prospects of various assets, including Shiba Inu (SHIB). However, it appears that one popular indicator is suggesting a contrary view. The TD Sequential indicator, which successfully predicted Dogecoin’s (DOGE) rebound in the past, has now flashed a buy signal for SHIB.
As reported by popular crypto analyst Ali Martinez, the indicator suggests that SHIB may be poised to rebound sharply in the coming days. According to the data provided, SHIB would need to break through the $0.000026 or even $0.000029 levels to confirm this prediction.
For those who may not be familiar with the TD Sequential indicator, it is a tool used to determine market exhaustion in either direction. In the past, it has proven to be an accurate predictor of market movements, particularly when applied to DOGE and BTC. The recent success of the indicator in detecting local bottoms for these assets has led many investors to take notice.
It appears that SHIB’s largest native token is among those that have failed to produce a new all-time high in the current cycle and even plummeted hard since December 8th. However, given the TD Sequential indicator’s track record, some market participants are starting to feel more optimistic about the asset’s prospects.
While it remains uncertain whether this prediction will come to pass, investors should be aware of this potential development.
Source: cryptopotato.com
