Shiba Inu Flashes “Buy Signal” – Here’s How SHIB Price Pumped The Last 2 Times

The price of meme-inspired cryptocurrency Shiba Inu (SHIB) has flashed an early sign of a potential trend reversal after months of declines. According to noted crypto market analyst Ali, the SHIB weekly price chart has printed a bullish TD Sequential buy signal.

The TD Sequential indicator attempts to identify trend exhaustion and price turning points through a series of numbered counts. Per Ali, the last two TD Sequential buy signals on SHIB weekly charts preceded massive price surges of 118% and 71% respectively.

Given the rarity of these buy signals, Ali notes that the new TD Sequential reading could mark a pivotal moment for the struggling Shiba Inu token. SHIB has plunged nearly 70% year-to-date amidst the ongoing cryptocurrency bear market. It currently ranks as the 14th largest cryptocurrency with a market capitalization of $5.5 billion.

However, Ali cautions that historical performance is no guarantee of future price action. The previous massive SHIB surges occurred during 2021’s crypto mania and may not be repeated. Nonetheless, the confluence of oversold technicals, developer announcements, and the rare TD Sequential signal has put the market on alert for a potential trend change.

Traders will be closely monitoring whether the bullish momentum can be sustained beyond the initial reflexive bounce. Even with the recent recovery, SHIB remains deep in bear market territory, down from its all-time high. But the long-awaited TD Sequential signal offers a glimmer of hope that the historic slump may soon find a bottom.

Check $RECQ Meme Coin

Sponsored: Invest Responsibly, Do Your Own Research.
Serves as the base currency for all transactions within the Rebel Satoshi platform
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.


Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.