Shiba Inu's largest native token, SHIB, has presented a buy signal according to crypto analyst Ali Martinez, suggesting a potential 25% rebound to $0.000029. Despite failing to reach a new all-time high and experiencing a significant decline since December 8th, SHIB has shown signs of recovery and may capitalize on the recent buy signals observed in other assets.
Shiba Inu's largest native token failed to achieve a new all-time high in the current cycle and experienced a significant decline since its peak on December 8th. Like the rest of the cryptocurrency market, the second-largest meme coin showed sluggishness leading up to the US elections, with its price fluctuating between $0.000014 and $0.00002 for weeks. After Trump's victory, SHIB saw a surge, reaching a multi-month peak of just over $0.0003.
Following a minor retracement, the asset rallied again at the start of December, culminating in a surge to $0.0000335 on December 8th, its highest point since March. However, SHIB failed to sustain this momentum and instead entered a period of sharp decline in the following weeks. The most notable price drop occurred after the latest US FOMC meeting. The asset has since recovered some ground, currently trading around $0.000023. Data from prominent crypto analyst Ali Martinez indicates a buy signal for SHIB, predicting a rebound to $0.000029, representing a 25% increase from its current price and a 55% surge from its December 8th low. Martinez bases this prediction on the TD Sequential indicator, used to identify market exhaustion in either direction. This indicator recently signaled local bottoms for other assets, leading to a 3% increase in Bitcoin's price and over 6% gain in DOGE's price in just a few days
SHIB CRYPTO BUY SIGNAL REBOUND MARKET ANALYSIS
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