Shiba Inu Price Reversal Incoming? TD Sequential Points to a Bounce
The post Shiba Inu Price Reversal Incoming? TD Sequential Points to a Bounce appeared on BitcoinEthereumNews.com.
Shiba Inu (SHIB) price appears poised for a rebound after consolidation and market decline. The memecoin has shown signs of recovery, gaining momentum alongside the broader cryptocurrency market. Over the past 24 hours, SHIB recorded a 6% uptick, hinting at a potential trend reversal. Technical indicators, including the TD Sequential, suggest a price bounce may be on the horizon. Shiba Inu Price Signals Rebound as TD Sequential Flashes Buy Signal Shiba Inu price shows signs of a possible recovery as the TD Sequential indicator signals a buying opportunity on the weekly chart. This technical indicator, often used to identify potential trend reversals, suggests that SHIB might experience upward momentum following its recent decline. The meme coin has been trading downward, with multiple consecutive red candles forming weekly. However, the emergence of a buy signal indicates that selling pressure may be easing, paving the way for a potential bullish shift. Market analysts have noted that TD Sequential’s buy signals are historically significant in forecasting trend reversals. If this indicator proves accurate, SHIB could witness increased buying activity in the coming sessions. The global crypto market cap is $3.18T, a 1% increase over the last few hours. The total crypto market volume over the last 24 hours is $125 billion, a 27.43% increase. BTC’s price has surged, currently hovering around $96k, and other altcoins like SHIB are also seeing a resurge. Will SHIB Price Recover to $0.00002 This Week? The latest SHIB price shows a slight recovery as the token attempts to regain lost ground. SHIB is trading at $0.00001669, reflecting a 6% increase over the last few hours. The price has been consolidating within a defined range, with immediate resistance at $0.000018 and support at $0.00001500. The MACD histogram gradually shifts to the green zone, signaling potential upward movement. The RSI…
Filed under: News - @ February 13, 2025 8:23 am