ADA, SHIB, INJ, and DOGE Anticipate a Correction: Analyst Predicts

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ADA, SHIB, INJ, and DOGE Anticipate a Correction: Analyst Predicts
  • Ali, a renowned trader and analyst, revealed in an X post that a sell signal he had identified for DOGE, ADA, SHIB, and INJ has played out.
  • In a previous post, Ali noted that the TD Sequential on the daily charts of ADA, SHIB, DOGE, and INJ presented a sell signal.
  • At press time, DOGE, ADA, and SHIB were down while INJ achieved a 24-hour gain.

The cryptocurrency trader and analyst Ali revealed in an X post yesterday that the sell signals presented by the TD Sequential indicator on the daily charts for Shiba Inu (SHIB), Dogecoin (DOGE), Cardano (ADA), and Injective (INJ) seem to be playing out. This post follows a previous one published the day before, wherein he noted the sell signal.

In his previous post, the analyst predicted that these cryptocurrencies would undergo a slight price correction. Thereafter, Ali anticipated that their prices would surge. 

At press time, CoinMarketCap indicated that the prices of ADA, SHIB, and DOGE continued to drop throughout the past day of trading. Only INJ was able to achieve a 24-hour gain during this same period.

ADA, the largest cryptocurrency in terms of market cap included on the list, was changing hands at $0.2866 at press time. This was after Cardano suffered a 5.01% loss over the past 24 hours. Despite the recent decrease in price, the altcoin’s weekly performance remained in the green zone at +1.42%.

The meme coins DOGE and SHIB saw their prices fall 3.60% and 3.75%, respectively, throughout the past day of trading. This resulted in DOGE’s price standing at $0.06688 at press time, while SHIB was valued at $0.000007671.

INJ appears to have resumed its uptrend, as predicted by Ali, with its price rising 4.78% in the last 24 hours. In contrast, the cryptocurrency market cap dropped 0.07% over the past 24 hours. Furthermore, INJ’s latest gain pushed its weekly performance further into the green to +18.42%. Subsequently, INJ was trading at $13.65.

The altcoin reached a high of $14.26 in the last 24 hours but has since retraced to trade at its current level. Despite this, INJ was still trading closer to its daily high than its 24-hour low, which was situated at $12.90.

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