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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 ...

A closely followed crypto strategist believes that top memecoin Dogecoin (DOGE) has massive upside potential after a breakout. Analyst Ali Martinez tells his 85,200 followers on the social media platform X that DOGE may continue to surge after printing a bull flag pattern on the four-hour timeframe. In technical Analysis , a bull flag is viewed as a continuation pattern, indicating that an asset is consolidating and gearing up for a fresh rally. “Dogecoin is breaking out of a bull flag, which anticipates a 120% rally to $0.82 as long as the $0.37 support holds.” Source: Ali Martinez/X DOGE is trading for $0.3771 at time of writing, down 3.1% in the last 24 hours. Next up, the analyst says that layer-2 scaling solution Polygon (POL) may be gearing up for a rally. Martinez shares an In/Out of the Money Around Price (IOMAP) chart, which aims to show addresses that are profiting (in the money), breaking even (at the money), or losing money (out of the ...

Widely followed crypto analyst Ali Martinez says that one historically accurate signal is once again flashing bullish for Ethereum (ETH). Martinez tells his 74,000 followers on the social media platform X that ETH may soar to new all-time highs (ATHs) after retesting the lower bound of an upward channel on the weekly timeframe. “Every bounce off this channel’s lower boundary has historically led to an average 130% price increase for Ethereum. If this pattern holds, a similar move could push ETH to $6,000 – provided the key $2,300 support level stays intact.” Source: Ali Martinez/X Ethereum is trading for $2,593 at time of writing, down more than 1% in the last 24 hours. Next up, the analyst says that Bitcoin (BTC) may be gearing up for an explosive rally after breaking out of the 200-day moving average. “The last three times Bitcoin broke above the 200-day moving average, we saw parabolic bull runs! Now, BTC is attempting to break throug...