Crypto trader Ali Martinez predicts that the second-largest meme coin by market cap could rise based on an indicator’s readings. Martinez told his 31,600 followers on social media platform X that the Tom Demark (TD) Sequential indicator is on the weekly chart. Shiba Inu It signals a potential long opportunity for (SHIB). says.
The TD Sequential indicator is used by traders to predict potential trend reversals based on the closing prices of the previous 13 bars or candles. According to Martinez, the TD Sequential indicator’s last two bullish signals for the Shiba Inu showed the Shiba Inu gaining “118% and 71%, respectively.”
Given the infrequency but precision of such signals, this is a crucial moment to keep a close eye on SHIB.
SHIB is worth $0.00000738 at the time of writing.
BitcoinLooking at (BTC), crypto analyst UTXO says that based on the Realized Price Distribution (URPD) model, the next key resistance levels are around 13% and 38% above the current price. UTXO tracks the number of available coins that last moved within a certain price range.
“Bitcoin has formed a major support barrier between $25,000 and $30,000. The UTXO Realized Price Distribution (URPD) model now shows that the next two critical resistance areas for BTC are $38,440 and $47,360!”
Koinfinans.com As we reported, BTC is trading at $ 34,140 at the time of writing this news.