Shiba Inu (SHIB) has seen a resurgence this month, driven by the rise in Bitcoin’s price, which reached $35,000 last week, thanks to the enthusiasm surrounding the launch of a spot Bitcoin ETF in the United States. But will SHIB be able to maintain its bullish movement? This is what the analysts are saying.
On October 25, the popular cryptocurrency analyst Ali Martinez took to Twitter to report that the TD Sequential indicator is giving a buy signal for SHIB on its weekly chart. According to Ali, this is the third time in history that the indicator has generated this signal for SHIB, suggesting that significant price increases for the meme token could be anticipated.
The TD Sequential technical indicator, developed by Thomas Demark, is based on a 9-period price count to identify significant turning points in the market. When it completes the countdown of 9 candles, it generates a buy or sell signal, depending on the…
