Cryptocurrency analyst Ali Martinez has observed a buy signal for self-proclaimed ‘Dogecoin (CRYPTO: DOGE) Killer’ Shiba Inu (CRYPTO: SHIB) that suggests a rally could be on the horizon.

What Happened: Martinez in a tweet on X said, “The TD Sequential indicator has proven remarkably precise in predicting Shiba Inu price movements. Currently, it’s flashing a buy signal, hinting that SHIB could be gearing up for an upswing,” adding that, “Keep an eye out, as SHIB could climb to $0.010 or potentially even reach $0.011!”

The TD Sequential indicator is a technical analysis tool used to identify potential price trends and reversals in financial markets, including cryptocurrencies. Created by market timing expert Thomas Demark, the TD Sequential indicator is designed to forecast the timing of trend exhaustion and the likelihood of price reversals.

The analyst’s prediction comes as Lucie S, the marketing leader for Shiba Inu’s project, said that Shibarium, their Layer-2 solution, is set to welcome nearly 1,000 new projects.