The recent price drop for SHIB was most notable following the latest US Federal Open Market Committee (FOMC) meeting, which coincided with a broader market downturn. This caused SHIB to plummet to around $0.0000185, marking a staggering 44% drop in less than two weeks. Currently, it stands at approximately $0.000023, having begun to recover.
Recent analysis from crypto expert Ali Martinez suggests that SHIB may have just flashed a buy signal. Martinez predicts that this could lead to a rebound nearing $0.000029, which would amount to a 25% increase from its current value and a 55% surge from the low of December 8.
Martinez made these predictions using the TD Sequential indicator, a popular tool for identifying market exhaustion. Notably, the same indicator previously indicated local buying opportunities for DOGE and BTC. Following those buy signals, Bitcoin has risen by over 3%, while Dogecoin has gained more than 6% in just days.
In light of these developments, it’s clear the SHIB community has reasons to be optimistic. As market trends shift and indicators start leaning favorably, keeping a close watch on this dynamic token might just lead to exciting opportunities. Whether you’re a seasoned investor or just dipping your toes into crypto, the unfolding potential for SHIB may be worth your attention.
