Shiba Inu Consolidates Gains Amidst Temporary Correction
As the new week begins, the majority of the cryptocurrency market is experiencing positive trading. Shiba Inu (SHIB), however, has slowed down slightly as it consolidates its recent gains. Despite this temporary correction, there are indications that SHIB’s upward trend could continue by the end of the year.
Crypto trading expert Ali Martinez has highlighted that the TD Sequential indicator on the daily chart for Shiba Inu and other major cryptocurrencies has shown a sell signal. This suggests a correction before they resume their upward trajectory.
SHIB Price Predictions
According to AI algorithms deployed by cryptocurrency analytics platform CoinCodex, Shiba Inu is predicted to continue its upward move. The platform has set a price target of $0.000008513 for SHIB by December 31, 2023. This would represent a significant increase of 6.599% from its current price.
Furthermore, Shiba Inu’s development team has recently announced the launch of a revolutionary SHIB identity project on the blockchain. This demonstrates that SHIB has strong foundations for its continued growth.
Hot Take: SHIB’s Future Looks Promising
Despite experiencing a temporary correction, Shiba Inu’s prospects remain optimistic. With the TD Sequential indicator signaling a potential upward trend and AI algorithms predicting price increases, SHIB could see further gains in the coming months and years. Additionally, the launch of the SHIB identity project showcases the dedication of its development team to innovation and progress in the crypto space.
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