Shiba

Cardano

Shiba Inu

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 <p class="paragraph">As the majority of assets in the cryptocurrency sector begin to slow down the massive gains triggered by the rumors of an impending approval of a spot Bitcoin (BTC) exchange-traded fund (ETF), Shiba Inu (SHIB) is no exception, but certain signs point to a bullish run.</p>
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 <p class="paragraph">Indeed, crypto trading expert Ali Martinez observed a TD Sequential indicator flashing a buy <a rel="noopener noreferrer nofollow" title="signal" href="https://thebittimes.com/tag/signal.html">signal</a> for Shiba Inu on its weekly <a rel="noopener noreferrer nofollow" title="chart" href="https://thebittimes.com/tag/chart.html">chart</a>, which he referred to as “a pivotal moment to keep a keen eye on SHIB,” as he explained in an X post published on October 25.</p>
 <p class="paragraph">Created by market analyst Tom DeMark, the TD Sequential indicator is a technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) tool useful in identifying points at which an asset’s price may change direction, i.e. to assess trend reversals and continuation patterns in financial markets, including the crypto market.</p>
 <p class="paragraph">Specifically, the renowned cryptocurrency analyst noted that “the previous two bullish turns from this indicator led to price surges of 118% and 71%, respectively,” and that “the infrequency yet precision of such <a rel="noopener noreferrer nofollow" title="signal" href="https://thebittimes.com/tag/signal.html">signal</a>s” warranted more focused attention.</p>
 <figure class="wp-block-image aligncenter is-resized"><img decoding="async" loading="lazy" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/b5QsC-Rf14gCFKhAdqcKfYjpWj4ZWeB8jmwZQzWBLH-YCzS8wnPGqFl7ZsKbPwiBLnBqJdeIdsL7s_wjbVmHorW5aY_3AH1Z8kpWcwLo6IJi6Y72S1hUg7Xm7WyBjNnA3tgGNFdwGUjg6riFSDfUxFQ" alt width="834" height="445">
  <figcaption class="wp-element-caption"><em>SHIB price action technical analysis. Source: </em><em>Ali Martinez</em>
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 <h2 class="wp-block-heading" id="h-shib-price-analysis">SHIB price analysis</h2>
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 <p class="paragraph">Meanwhile, Shiba Inu was at press time changing hands at the price of $0.000007307, which represents a decline of 1.5% in the last 24 hours, an advance of 5.47% across the previous seven days, and a loss of 0.17% on its monthly <a rel="noopener noreferrer nofollow" title="chart" href="https://thebittimes.com/tag/chart.html">chart</a>, according to the latest data on October 25.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/_yga0iMxUZVUPwr27JR1yHWWRVgH0k72X4vfcSDzrKQRnjhx4ziBWMMg6bArzU1KulOCOX4V-cIap4lm3LukCnDAkieCIuI9CvlUdaZsEEzW0sAQpi9o-eC71KGwM6hWymiM-ljs58a7pLvZjuXMNPc" alt>
  <figcaption class="wp-element-caption"><em>SHIB 7-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">It is also worth noting that Shiba Inu’s exchange volume and on-chain activity have recently increased, with crypto wallets moving over $50 million SHIB in one day, adding nearly $300 million to its market capitalization and showing a prevailing ‘fear of missing out’ (FOMO), as Finbold reported earlier.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shib-chart-flashes-rare-buy-signal-what-s-next-for-shiba-inu-tbt67658.html">https://thebittimes.com/shib-chart-flashes-rare-buy-signal-what-s-next-for-shiba-inu-tbt67658.html</a></p>

SHIB chart flashes rare ‘buy’ signal; What’s next for Shiba Inu?

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