Following the developments in recent days, the idea that spot Bitcoin ETFs will be approved strengthens, while BTC rose above $ 35,000 for the first time since May 2022.
With the rise in BTC, altcoins also became active. At this point, Solana (SOL) led the altcoin rise of Ethereum (ETH) and XRP.
While investors wonder whether the rise in BTC and altcoins will continue, leading analyst Ali Martinez made a new post for the popular meme token Shiba Inu (SHIB).
Stating that the TD Sequential indicator gave a buying signal for SHIB, Martinez said that this was a bullish signal.
At this point, the analyst pointed out the last two examples in which this indicator gave a buying signal and pointed out that SHIB resulted in significant price increases of 118% and 71% respectively after the last two examples.
Martinez stated that such signals are rare and usually accurate, and that SHIB is in a very important area and should be monitored closely.
“The TD Sequential indicator has issued a buy signal on the weekly chart of SHIB.
Remarkably, this indicator was bullish before giving a buy signal, leading to a price increase of 118% and 71% respectively in the bullish cycle.
“Given the frequency and precision of such signals, SHIB is in a very important area to monitor.”
#ShibaInu | The TD Sequential flashed a buy signal on $SHIB weekly chart. Notably, the previous two bullish turns from this indicator led to price surges of 118% and 71%, respectively.
Given the infrequency yet precision of such signals, it's a pivotal moment to keep a keen eye… pic.twitter.com/uwdWbSWFZw
— Ali (@ali_charts) October 25, 2023
Ali Martinez stated that he expects a rise in Dogecoin as well as SHIB. In a post he made over the weekend, the analyst stated that DOGE seemed ready to start a new uptrend and said that DOGE could rise to $0.070.
*This is not investment advice.
