Shiba Inu flashes new buy signal; Is rebound imminent?
Meme cryptocurrency Shiba Inu (SHIB) is witnessing a short-term price correction, but technical indicators suggest that the coin might target new highs. Specifically, SHIB’s TD Sequential indicator flashed a fresh buy signal on its daily chart, raising the possibility of the token targeting new resistance levels in the short term, according to insights shared by prominent cryptocurrency analyst Ali Martinez in an X post on December 24. The TD Sequential is used to identify trend exhaustion and potential reversals. It consists of a series of candlestick patterns, and in Shiba Inu’s case, the formation suggests that the current downtrend may be nearing its end. Picks for you AI picks 2 cryptocurrencies that will outperform others in Q1 2025 1 hour ago ...