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.
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