Buy signal for SOL, ADA, and SHIB, analyst hints
The overall cryptocurrency market has been experiencing continuous downside momentum for the last few weeks, but it is now signaling potential recovery. Today, on June 25, 2024, a crypto analyst posted on X that a technical indicator, TD Sequential is indicating a buy signal for top altcoins like Solana (SOL), Cardano (ADA), and Shiba Inu (SHIB) on a daily time frame.The TD Sequential presents buy signals on the daily charts ofBuying signals for SOL, ADA, and SHIBHowever, in the last 24 hours, out of these three altcoins, SOL and ADA have experienced price surges of 7% and 3%, respectively, whereas SHIB has remained stable. Regarding the world’s biggest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) have also been struggling to gain momentum recently. In the last 24 hours, BTC and ETH have experienced price falls of 3.5% and 1.5%, respectively. Despite several signals or indications, the overall sentiment remains negative.
Currently, Solana is trading near $134. In the last 24 hours, it has experienced a price surge of 7%, although in the last 7 days, its price is down by 3%. According to expert technical analysis, SOL is still bullish as it is moving above the 50 and 200 EMA (Exponential Moving Average). After a significant fall yesterday, June 24, 2024,
If SOL gives a candle closing above $137 on a daily time frame, we may see a price surge of 12% in the coming days, potentially reaching the $152 level.
Cardano (ADA) is currently trading near $0.39. In the last 24 hours, it experienced a price surge of 3.5%, and in the last 7 days, its price is up by 2%. According to expert technical analysis, ADA is looking bearish as it is moving below the 50 and 200 EMA. However, after the recent fall, it took support from a crucial demand zone and is moving upward.
ADA still has the potential to surge 15% and may hit the $0.45 level if the market sentiment changes; otherwise, consolidation may continue in the market.
