ADA, DOGE, SHIB, INJ May Dip Before Continuing to Rise: Analyst

Ali, a renowned cryptocurrency trader and analyst, revealed in an X post earlier today that the TD Sequential indicator currently presents a sell signal on the daily charts of several cryptocurrencies. According to the post, Shiba Inu (SHIB), Dogecoin (DOGE), Cardano (ADA), and Injective (INJ) may see their prices slip slightly in the next few days.

Despite the TD Sequential indicator presenting a sell signal on these altcoins’ charts, the analyst still remained somewhat bullish. In his post, Ali shared that he anticipates a temporary correction before the “continuation of the uptrend.”

These possible sell signals seem to have played out already for INJ and SHIB. CoinMarketCap data indicated that both of the altcoins saw their prices drop over the past 24 hours. At press time, SHIB was down 0.40% and was changing hands at $0.000007918 as a result. Meanwhile, INJ’s price stood at $13.72 after its 24-hour loss of 0.98%.

DOGE and ADA were still clinging to their positive momentum. The meme coin leader, DOGE, was up 0.07% at press time. Subsequently, it was changing hands at $0.06868. ADA was the best 24-hour performer of the cryptocurrencies mentioned in Ali’s post. Moreover, CoinMarketCap data indicated that ADA achieved a 24-hour gain of 0.58% — boosting its price to $0.2941.

Ali’s belief that these cryptocurrencies could continue their respective upward trends after a temporary correction may stem from the fact that the weekly performances of all of the altcoins named in the post were well in the green. SHIB was up more than 11% over the past 7 days, while INJ was up an astonishing 40.56% for the same period.

Meanwhile, the recent daily performances of DOGE and ADA pushed their respective weekly performances deeper into the green zone. At press time, ADA was up 11.47% over the past week and DOGE’s weekly performance stood at +9.79%.