According to a leading analyst, the price of Shiba Inu (SHIB) may be poised for a rebound after a recent slump. The analyst, Ali Martinez, pointed to a TD Sequential buy signal on the memecoin's weekly candle chart as a potential indicator for the turnaround. However, it's important to note that relying solely on this indicator has had mixed results in the past. Another prominent crypto trading group, Rose Premium Signals, also predicted a reversal for SHIB, citing a retest of a support zone and a potential breakout from a falling wedge. These predictions align with recent developments in the project's ecosystem, including a partnership with the United Arab Emirates' Ministry of Energy and Infrastructure. Lead developer Shytoshi Kusama believes that SHIB has outgrown its memecoin status.



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