As the general crypto market witnesses a bull run, Shiba Inu’s [SHIB] key technical indicator has 'flashed' a buy signal.
key technical indicators has “flashed” a buy signal, crypto analyst Ali Charts noted in a recent post on X .weekly chart. Notably, the previous two bullish turns from this indicator led to price surges of 118% and 71%, respectively.The analyst assessed the memecoin’s TD Sequential indicator on a weekly chart. This indicator measures the exact time of trend exhaustion and potential price reversals over a specified period.
This suggested that accumulation outpaced distribution amongst spot traders, hence the press time price rally. A CMF reading above 0 indicates that there is more money flowing into an asset than flowing out. Although a CMF value of 0.06 is a relatively low reading, it indicates some buying pressure in the market.
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