Expert Insights: SOL, ADA, SHIB Buy Signals Amid Market Volatility

The cryptocurrency market has shown continuous downside momentum for the last few weeks. Today, June 25, 2024, a crypto analyst posted on X that the TD Sequential indicator signals a buy for Solana (SOL), Cardano (ADA), and Shiba Inu (SHIB) on a daily timeframe. Notably, SOL and ADA have surged 7% and 3%, respectively, in the last 24 hours. In contrast, SHIB has remained stable.

Bitcoin and Ethereum Struggle

Bitcoin (BTC) and Ethereum (ETH), the world’s biggest cryptocurrencies, have struggled to gain momentum recently. BTC fell by 3.5%, and ETH dropped by 1.5% in the last 24 hours. Despite several indicators, the overall sentiment in the market remains negative.

Solana (SOL) Technical Analysis and Key Levels

Currently, Solana is trading near $134, showing a 7% price surge in the last 24 hours. However, it is down 3% over the past seven days. Expert technical analysis shows that SOL is still bullish. It is moving above the 50 and 200 EMA (Exponential Moving Average). After a significant fall on June 24, 2024, it took support from the 200 EMA. Subsequently, it formed a strong daily bullish candle close.

If SOL closes above $137 on a daily timeframe, it may see a 12% price surge. This could potentially push SOL to the $152 level.

Cardano (ADA) Technical Analysis and Key Levels

Cardano (ADA) is trading near $0.39 after experiencing a 3.5% price surge in the last 24 hours. Over the past seven days, its price has risen by 2%. According to expert analysis, ADA looks bearish, moving below the 50 and 200 EMA. Despite this, it took support from a crucial demand zone and is now moving upward.

If market sentiment changes, ADA could surge 15% and hit the $0.45 level. Otherwise, the market may continue to consolidate.

Shiba Inu (SHIB) Technical Analysis and Key Levels

Shiba Inu (SHIB) is trading near $0.0000171, showing a 0.7% price increase in the last 24 hours. However, it has fallen by 6% over the past seven days. Expert technical analysis indicates SHIB is bearish, lagging behind the 50 and 200 EMA. Furthermore, SHIB appears weak and may fall another 10% in the coming days.

Investors are fearful as both retail investors and whales are dumping their SHIB holdings. This signals a lack of interest and confidence in SHIB.

In summary, while SOL and ADA have shown recent price surges, SHIB remains stable with a bearish outlook. BTC and ETH continue to struggle, reflecting the overall negative market sentiment. Despite technical indicators suggesting potential recoveries, investor confidence remains low.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.