Shiba Inu Price Runs into TD Sequential: Here’s What It Does

• Canine coin Shiba Inu storms past key resistance in a 10% daily run.
• OG crypto trader Ali Martinez explains Shiba Inu’s TD Sequential.
• Shibarium L2 mainnet saw a major upswing on October 25th, 2023.

Veteran crypto trader Ali Martinez pointed to a flashing bullish signal for Shiba Inu’s price in the weekly charts. The signal, called the TD (Tom Demark) Sequential, is utilized by crypto traders to identify the end of a trend and the beginning of the asset’s price reversal, according to the crypto analyst. Shiba Inu’s price flashed a nine-candle count graphic called the TD Setup.

The counter-trend tool had previously been the catalyst for Shiba Inu’s 118% and 71% bull runs. Equipped with the price reversal triggering TD Sequential, the popular cryptocurrency SHIB scorched past the $0.000008 resistance to reach a new monthly high of $0.00000817.

#ShibaInu | The TD Sequential flashed a buy signal on $SHIB weekly chart. Notably, the previous two bullish turns from this indicator led to price surges of 118% and 71%, respectively.

Given the infrequency yet precision of such signals, it's a pivotal moment to keep a keen eye… pic.twitter.com/uwdWbSWFZw

— Ali (@ali_charts) October 25, 2023

Tsunami of Transactions on Shibarium L2

Meanwhile, the newcomer Layer-2 scaling solution Shibarium is reaping the benefits of an upsurge in daily transactions. Shibarium saw a colossal increase from 12.69K to 62.57K on October 25, 2023. Despite the surge in daily transactions, Shiba Inu’s blockchain continues to operate at a five-second average block production time, according to ShibariumScan.io.

#Shibarium Daily transactions are on the rise!
…This is just the beginning.