- Cryptocurrencies Shiba Inu (SHIB), Cardano (ADA), and Solana (SOL) appear poised for a significant price rebound.
- Crypto analyst Ali highlights that the TD Sequential indicator is presenting buy signals on the daily charts for these coins.
- This technical analysis tool is known for identifying potential turning points in market trends.
Shiba Inu, Cardano, and Solana may see a price surge as technical indicators show potential trend reversals.
TD Sequential Buy Signals Anticipate Upswing
According to crypto analyst Ali, the TD Sequential indicator has identified buy signals on the daily charts of Shiba Inu, Cardano, and Solana. The TD Sequential, developed by Tom DeMark, is utilized by traders to anticipate trend reversals and pinpoint trend exhaustion. Ali’s analysis suggests these altcoins may be gearing up for a positive price movement.
Shiba Inu (SHIB): Potential for Bullish Momentum
With the appearance of a buy signal on SHIB’s daily chart, there is speculation that the recent downtrend may be dissipating. If the TD Sequential’s signal is accurate, SHIB could witness a resurgence in buying activity, pushing its price upwards. A break above the daily SMA 200 at $0.00001891, followed by the daily SMA 50 at $0.00002288, could further fuel this bullish trend, with targets extending to $0.00002940 and $0.0000328. Currently, SHIB has increased by 1.45% in the past 24 hours, trading at $0.00001711.
Cardano (ADA): Signs of Bearish Trend Exhaustion
Cardano recently dropped to $0.362, marking its lowest point since November 2023. The TD Sequential’s buy signal for ADA implies that the bearish trend might be nearing its end. At present, ADA has risen by 4.80% over the last 24 hours, trading at $0.389. Should ADA maintain its upward momentum, targets include the daily SMA 50 at $0.44 and the daily SMA 200 at $0.542, potentially leading to a substantial rally with goals set at $0.68 and $0.8.
Solana (SOL): Breaking Critical Resistance Levels
Currently, SOL has surged by 8.91% within the last 24 hours to reach $135.98. Solana is striving to break decisively above the daily SMA 200 at $133, a crucial resistance level. A successful breach of the daily SMA 200 at $156.19 could propel SOL towards higher targets of $188 and $204, signaling a robust bullish momentum.
Conclusion
The coming days will be pivotal for SHIB, ADA, and SOL as they attempt to capitalize on the buy signals identified by the TD Sequential. Whether these altcoins can sustain a prolonged upward trend remains to be seen, but the indicators suggest that a price rebound is a distinct possibility.
