Shiba Inu Faces Bullish Momentum

Historical accuracy of the indicator is highlighted, suggesting a potential 27.75% profit if Shiba Inu reaches $0.000011.

As a result of the adverse onslaught that has shaken the cryptocurrency market over the past few weeks, the price of Shiba Inu (SHIB) has fallen to a minimum of $0.000008522.

Nevertheless, the asset has demonstrated indications of a resurgence, as it has risen 10.63% from its most recent low point of $0.000009428. In addition, TD Sequential, a well-known technical indicator that detects trend reversals, has validated the impending bullish recovery of Shiba Inu.

Market analyst Ali Martinez drew public attention to the prospective action of SHIB in a recent update on X.

Martinez revealed that a purchase recommendation has materialized for SHIB, as indicated by the well-established candlestick patterns identified on the three-day chart of the asset.

Significantly, the analyst arrived at this deduction in response to recommendations provided by the TD Sequential indicator.

He stated that historically, the technical indicator has demonstrated exceptional precision in predicting fluctuations in the price of SHIB. Presently, another purchase signal is being displayed, indicating that SHIB may be gearing up for an ascent.

Martinez substantiated his assertion with a chart depicting previous occurrences in which the TD Sequential indicator aptly identified fatigued trends and Shiba Inu reversals.

Specifically, the indicator predicted a favorable time to purchase Shiba Inu in October last year, coinciding with the asset’s lowest point of approximately $0.0000066.

A 37.47% bullish surge followed, which caused the price to reach $0.000009073 by November of the same year.

Martinez’s chart emphasized that TD Sequential anticipated a temporary correction due to the rally’s exhaustion during that month. This was followed by a 28.40% increase in value by December 2023, when it reached $0.00001165.

Shiba Inu Prepares to Reclaim $0.000011 Territory

After the protracted adverse market trends observed since then, the indicator presents an additional opportunity to purchase SHIB. According to the eminent analyst, the anticipated breakthrough could increase the price of Shiba Inu to $0.000010.

Furthermore, he advised fans to remain vigilant regarding the $0.000011 region, where the cryptocurrency thrived in the final days of 2023.

If this prediction materializes, investors in Shiba Inu could potentially earn a profit of 27.75%, given the current market value of SHIB at $0.000009119.