Ready to purchase Cardano (ADA) for $ 1, Shiba Inu for $ 0.0000024 – FX Leaders

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Today the decline in the crypto market has stalled after taking some significant losses this year, although sentiment remains pessimistic. The Shiba Inu coin has been in bearish since late October while Cardano has seen a downtrend since September. So even though they’re both nearing the areas of support where we plan to buy these two cryptos, let’s see where we can long go at SHIB and ADA.

Cardano Daily Chart Analysis – ADA Approaching Support at $ 1

We are determined to buy ADA for USD 1 unless it crashes quickly

Since the Alonzo hard fork, which took place in September, Cardano has been populated more and more with real use case applications. With the update came smart contracts, which means that the functionality for this network will be increased. Additionally, Cardano’s low transaction fees and speed are big draws for merchants. Cardano’s Layer 2 scaling solution, Hydra, is also on the way.

But the ADA coin hasn’t shown any momentum since the Alonzo upgrade was launched in September. It lost value, breaking below previous resistance at $ 1.50 with the moving averages holding it low. Now the price is approaching the USD 1 support zone where we plan to buy ADA / USD. If sentiment turns bullish, the high could hit $ 3 pretty quickly, tripling your investment.

Shiba Inu Daily Chart Analysis – Could 200-Day SMA Become Support for SHIB / USD?

Shiba Inu has entered the support zone

Shiba Inu has become the most popular crypto coin when it comes to internet research. In order to achieve true decentralization and take control of the developers, the Shiba team will be launching their own DAO, DOGGY DAO, in two phases this year, but that hasn’t helped them much in the past two months.

SHIB / USD hit a high of $ 0.000088 in late October but, after rising this month, failed to hold gains as it lost around 70% of its value as the moving averages keep it low. However, this is a good opportunity for those who left Shiba to go Long. We are considering buying this cryptocurrency at the 200 SMA (purple) on the daily chart at around $ 0.000024.

SHIB / USD


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