According to the latest market analysis by renowned analyst Ali, the TD Sequential indicator is currently presenting a sell signal on the daily charts of Shiba Inu (SHIB), Dogecoin (DOGE), Cardano (ADA), and Injective ($INJ). This observation suggests that a correction may be on the horizon before these digital assets resume their upward trajectory.
The TD Sequential indicator is a widely recognized technical analysis tool used to identify potential trend reversals in financial markets, including the cryptocurrency market. It evaluates the price movement and helps traders anticipate potential turning points.
In the case of SHIB, DOGE, ADA, and $INJ, the TD Sequential indicator is indicating a sell signal on their daily price charts. This signal suggests that these cryptocurrencies have experienced a significant price increase and may be due for a correction or consolidation phase.
Shiba Inu (SHIB), a meme-inspired cryptocurrency, has gained significant attention in recent months. Dogecoin (DOGE), another meme coin, has also seen substantial price fluctuations. Cardano (ADA), known for its smart contract capabilities, and Injective ($INJ), a decentralized finance platform, have both witnessed significant price moves as well.
Analyst Ali’s assessment indicates that while these cryptocurrencies have shown strength and resilience in their recent uptrends, a temporary price decline might be in the cards. It could provide opportunities for traders to enter or accumulate positions at more favorable price levels.
Shiba Inu, DOGE, ADA Latest Price Review
In the final stretch of October, the cryptocurrency market is poised for heightened volatility, with a particular focus on the altcoin sector. Swing traders have been closely monitoring this segment over the past two weeks. The recent surge initiated by Bitcoin has triggered a broader recovery in the entire altcoin market.
As per Coinmarketcap, several altcoins, including SHIB, DOGE, ADA, and $INJ, are exhibiting bullish sentiment in the current market. Shiba Inu (SHIB) is trading at $0.000008, marking a 0.13% increase in the last 24 hours. Over the past week, SHIB has seen a significant gain of 10.57%.
Dogecoin (DOGE) is trading at $0.069382, showing a 0.61% rise in its daily chart, while its weekly chart reflects a growth of 7.85%. At the same time, Cardano (ADA) is priced at $0.299597 and has experienced a 2.09% increase over the past 24 hours. ADA has also surged by 12.95% in the weekly chart.
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