The cryptocurrency Shiba Inu (SHIB) is showing signs of a potential recovery after a period of decline. Technical indicators and whale activity indicate a shift in market sentiment for the altcoin. The TD Sequential indicator has flashed a buy signal on SHIB's weekly chart, suggesting a possible reversal or short-term price recovery. Additionally, Shiba Inu whale activity has surged, with a significant number of transactions and large amounts of tokens being moved. While SHIB is currently trading below its 20-day Exponential Moving Average (EMA), breaking above this level could confirm a trend reversal and lead to higher prices. The Relative Strength Index (RSI) indicates that SHIB is nearing oversold conditions, and a move above 40 could signal strengthening bullish momentum. The MACD indicator also suggests that selling pressure has weakened. However, readers are advised to exercise caution and this article does not constitute financial advice.



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