Shiba Inu (SHIB), the largest token in the ecosystem, has been unable to reach a new high in the current cycle and even saw a sharp decline from the peak on December 8. However, some technical indicators suggest that a real breakout may be imminent. 📈
Before the U.S. elections, SHIB and the overall market were quite sluggish, with prices fluctuating between $0.000014 and $0.00002. After Trump won the election, SHIB surged, reaching a new peak of $0.0000335 on December 8.
Nevertheless, SHIB could not maintain its upward momentum and sharply fell after the FOMC meeting, down to $0.0000185. Currently, SHIB has recovered to $0.000023. According to analyst Ali Martinez, the TD Sequential indicator has signaled a buy, predicting that SHIB could rise to $0.000029, a 25% increase from the current level. 🚀