The post Rollblock Gains Momentum as Shiba Inu (SHIB) and Cardano (ADA) Face Market Pressure appeared on BitcoinEthereumNews.com.

Here’s why Shiba Inu price and Cardano could face bearish pressure despite positive crypto market news as RBLK gains momentum. In the last week of September, bullish crypto market news continued to flow as Bitcoin held strong above $63k. Even Shiba Inu price and Cardano registered double-digit 7-day runs but were on the verge of facing market pressure as traders took their winnings. The bearish sentiment building around Shiba Inu and ADA has led growth-focused investors to diversify into new low-cap crypto gems. The Rollblock (RBLK) presale is the new opportunity where smart money is being invested. Let’s find out why SHIB and ADA investors are among the early adopters rushing to scoop this GambleFi crypto for gigantic presale gains. Could Shiba Inu price enjoy a run in October? After a protracted period of decline and consolidation, Shiba Inu’s price just turned bullish. The meme coin broke above its 50-day EMA on the daily chart, which had acted as a major resistance since July. As of Sept. 26, Shiba Inu’s price was over 12% up weekly, with a 93% jump in its 24-hour trading volume, pointing to heavy trading activity. The daily chart reveals that SHIB whales have been gobbling the meme coin for nearly two months, pushing the price from the $0.00001 level in August to $0.000015. However, a decreasing burn rate and dwindling network activity on the Shibarium L2 network could exert fresh bearish pressure on the Shiba Inu price. Cardano (ADA) approaches the $0.4 resistance It looks like Cardano is getting its momentum back. As of press time on Sept. 26, ADA was over 4% up monthly after registering a more than 10% 7-day run. The bullish wave pushed the ADA price past the $0.38 zone as crypto market news of a potential surge to $1 emerged.…

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Filed under: News - @ September 29, 2024 9:05 am