Popular Analyst Warns Correction In Shiba Inu, Dogecoin, Cardano And Injective
Cardano (ADA), Shiba Inu (SHIB), Dogecoin (DOGE), and Injective (INJ) rallied more than 10% during the crypto market recovery last week. However, a popular analyst predicts a correction in ADA, SHIB, DOGE, and INJ as an indicator in the daily chart shows a sell signal.
Shiba Inu, Dogecoin, Cardano And Injective To Witness Correction
Popular analyst Ali Martinez in a post on X shared that the TD Sequential indicator presents a sell signal for Cardano (ADA), Shiba Inu (SHIB), Dogecoin (DOGE), and Injective (INJ).
He predicts a correction, which is at least a 10% drop, in prices before ADA, SHIB, DOGE, and INJ can continue to upside momentum.
SHIB price fell 2% in the last 24 hours, with the price trading at $0.0000079. The 24-hour low and high are $0.00000789 and $0.00000808, respectively. Furthermore, trading volume has decreased by 20%, indicating a decline in interest from traders.
DOGE price fell 1% in the past 24 hours, but traders selling shorts brought some upside move. The 24-hour low and high are $0.068 and $0.070, respectively.
ADA price also jumped as traders closed short positions. The price is trading at $0.29, with a 24-hour low and high of $0.292 and $0.298, respectively. The community remains optimistic about Cardano surpassing the next resistance levels.
INJ price rallied nearly 45% in a week and 85% in a month amid major developments in artificial intelligence (AI) industry. Injective trades at $14.01, with a possible correction expected due to profit booking.
Also Read:
- Big Week For Crypto Market Amid Bitcoin Rally; US FOMC Among Major Events
- Zodia Launches in Hong Kong, Joins Race with HKVAEX, OKX
- XRP Price Shows Strength on Technical Chart, Next Target At $0.60
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown
- Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility
- October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
