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SHIB Flashes Buy Signal According to the Same Indicator That Predicted DOGE’s Rebound
The cryptocurrency market has been experiencing a rollercoaster ride recently, with many assets facing significant downturns and rebounds. In the midst of this turmoil, it seems that Shiba Inu (SHIB) may be about to experience another surge, as its price has just flashed a buy signal according to the same indicator that predicted Dogecoin’s rebound.
SHIB’s journey in the past few weeks has been quite tumultuous, with its price tumbling by nearly 50% since December 8. However, it appears that the asset may have reached a turning point. A popular crypto analyst, Ali Martinez, has taken to Twitter to share his insights on SHIB’s future trajectory.
Martinez has drawn attention to the TD Sequential indicator, which is widely used in the cryptocurrency space to identify market exhaustion and potential reversals. In the past, this same indicator has accurately predicted not only DOGE but also Bitcoin’s own price movements. Based on its analysis of the charts, Martinez believes that SHIB will not only rebound from current levels but potentially climb all the way up to $0.000029. This would represent a 25% increase from the current price and an impressive 55% surge from the December 8 low.
It is unclear what specific factors are driving this buy signal, or if it can be attributed solely to the TD Sequential indicator’s predictive capabilities. Nevertheless, Martinez’s call has significant implications for SHIB holders and investors alike.
Source: cryptopotato.com
