Shiba

Cryptocurrency

altFINS

Resistance

Shiba Inu

<p>Cryptocurrency trader Ali has shared a potentially bullish development for Shiba Inu (SHIB). According to <a href="https://x.com/ali_charts/status/1805495390214701323" target="_blank" rel="noopener noreferrer nofollow">Ali</a>, the TD Sequential indicator is presenting buy signals on SHIB’s daily chart, suggesting that a price rebound may be on the horizon for this altcoin. The tweet by Ali comes at a time when the meme coin sector is showing signs of reversal.</p>
<h2 class="wp-block-heading" id="technical-analysis-reveals-complex-market-structure">Technical Analysis Reveals Complex Market Structure</h2>
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   <p lang="en" dir="ltr">The TD Sequential presents buy signals on the daily charts of <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Solana</a>, <a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ShibaInu</a>, and <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Cardano</a>, anticipating a price rebound for these <a href="https://twitter.com/hashtag/altcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#altcoins</a>! <a href="https://t.co/P8ZOYm9qTu" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/P8ZOYm9qTu</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1805495390214701323?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 25, 2024</a>
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<p>While the TD Sequential indicator points towards a potential bullish move, a detailed technical analysis by altFINS provides a more nuanced view of SHIB’s current market position.</p>
<p>The near-term outlook for <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="SHIB" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">SHIB</a> is currently neutral, with the token showing signs of being oversold at a support level. This emerging pattern suggests that there’s a high probability of a price bounce in the near term, particularly when the Relative Strength Index (RSI) hits 30 or less.</p>
<ul>
 <li>Short-term trend: Strong Down</li>
 <li>Medium-term trend: Strong Down</li>
 <li>Long-term trend: Neutral</li>
</ul>
<p>This trend profile indicates major downward pressure in the short to medium term, while the long-term trajectory remains uncertain.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-946-1024x573.png" alt="" class="wp-image-514857" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-946-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-946-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-946-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-946-1536x859.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-946-2048x1145.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-946-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-946-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-946-626x350.png 626w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-946-788x440.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-946.png 1940w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<h2 class="wp-block-heading" id="critical-support-level-breach-and-potential-recovery">Critical Support Level Breach and Potential Recovery</h2>
<p>SHIB has recently broken below the $0.000021 support level and its 200-day moving average, signaling a downtrend. Traders are now waiting for the price to reclaim this critical level to indicate a resumption of the uptrend.</p>
<p>If SHIB manages to regain its footing above the critical support level, altFINS suggests an upside potential to the resistance level of $0.000028, representing a potential gain of 33%.</p>
<p>Despite the overall bearish trend, momentum indicators are showing signs of a potential turnaround:</p>
<ul>
 <li>MACD Histogram: Rising, indicating that bearish momentum may be waning</li>
 <li>RSI-14: Currently neither overbought nor oversold, providing room for movement in either direction</li>
</ul>
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<h2 class="wp-block-heading" id="key-support-and-resistance-levels-to-watch">Key Support and Resistance Levels to Watch</h2>
<p>Traders and investors should keep an eye on the following key levels:</p>
<ul>
 <li>Nearest Support Zone: $0.000015</li>
 <li>Nearest Resistance Zones: $0.000028, followed by $0.000035</li>
</ul>
<p>The conflicting signals from various technical indicators and chart patterns highlight the complexity of SHIB’s current market position. While the oversold conditions at support and potential bullish momentum inflection suggest a possible rebound, the recent support breakout and downward trends in shorter timeframes urge caution.</p>
<p>Traders considering entering or adding to SHIB positions may want to wait for confirmation of a trend reversal, such as a decisive move above the 200-day moving average. Setting price alerts at key levels, particularly at $0.000028, can help traders stay informed of major price movements.</p>
<p><strong><em>Read also:&nbsp;</em></strong><a href="https://captainaltcoin.com/ripples-xrp-will-surpass-ethereum-here-are-3-reasons-according-to-crypto-analyst/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Ripple’s XRP Will Surpass Ethereum – Here Are 3 Reasons According to Crypto Analyst</em></strong></a></p>
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<p>The post <a href="https://captainaltcoin.com/shiba-inu-shows-signs-of-potential-rebound-this-signal-presents-a-buy-opportunity-for-shib/" rel="noopener noreferrer nofollow">Shiba Inu Shows Signs of Potential Rebound: This Signal Presents a Buy Opportunity for SHIB</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Shiba Inu Shows Signs of Potential Rebound: This Signal Presents a Buy Opportunity for SHIB

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