Shiba Inu price looks set to rebound from its recent slump according to one leading analyst.
Leading doggy-themed memecoin Shiba Inu (SHIB) has been stuck in a downward trajectory driven by macroeconomic factors over the past few weeks.
Specifically, SHIB nosedived up to 65% from December 2024 highs of $0.00003343 to the February 2025 lows of $0.00001160 before recovering mildly above $0.000015. Despite this, Shiba Inu still remains in a major downtrend this year.
However, the token may now be set for a rebound, according to prominent crypto analyst Ali Martinez.
The analyst expressed this view in an X post on Tuesday, February 11, citing a TD Sequential buy signal on the memecoin’s weekly candle chart without revealing a price target for the potential move.
SHIBUSD flashes TD Sequential buy signal on weekly candle chart Source Ali Martinez
The TD Sequential indicator predicts trend reversal points using candlestick data. Relying on it to predict SHIB’s price trajectory has had mixed results in the past.
In December 2024, Martinez had predicted a SHIB rebound to $0.000026 or $0.000029 based on a similar buy signal on the daily candle chart as the memecoin traded at $0.000023. SHIB did indeed move upward in line with the prediction but stopped at $0.000025, just shy of the set target.
A similar call in July 2024, proved less accurate. At time, the token flashed the same buy signal on the daily chart as it traded around $0.00002077. Instead of moving upward, however, it continued to trade lower to hit a low of $0.00001266 in the weeks that followed.
Like any other indicator, the TD Sequential works best when combined with other factors and considering the broad market context.
Analysts Aligning?
Interestingly, Martinez’s latest SHIB analysis aligns with predictions from the prominent crypto trading group Rose Premium Signals.
The platform recently asserted that the token looked primed for a reversal with significant upside potential. Citing the retest of a multi-week support zone between $0.000015 and $0.000011 and a potential breakout from a falling wedge, they set upside targets of $0.00002913, $0.00003612, and $0.00004401.
These targets represent gains of 85%, 129%, and 180%, respectively, from SHIB’s current price of $0.00001574.
These predictions of a rebound follow major developments in the project’s ecosystem. Last week, developers disclosed a partnership with the United Arab Emirates’ Ministry of Energy and Infrastructure to bolster efficiency and sustainability efforts using the Shiba Inu Operating System (ShibOS).
Citing this development, Shiba Inu lead developer Shytoshi Kusama argued that the token had outgrown the memecoin tag.
