Cryptocurrencies Price Prediction: Solana, SafeMoon & Axie Infinity — Asian Wrap 07 Dec
|Solana price to drop another 50% as SOL looks for support
Solana price falls below the daily Ichimoku Cloud with the Chikou Span below the candlesticks and in open space – prime positioning for a start to a bear market. However, the true extent of how bearish Solana's future price behavior could be is represented best on a Point and Figure chart. Upside potential exists but is risky and limited.
SafeMoon presents massive buying opportunity before 80% breakout
SafeMoon price, one of the most outstanding performers of 2021, is now one of the biggest pump and dump examples of 2021. After rising nearly 600% between September 29th and October 29th, SafeMoon crashed more than 88% to create a new all-time low on December 4th. SafeMoon price has a fantastic trade setup on its daily chart.
Axie Infinity price correction to accelerate towards $80
Axie Infinity price has certainly not been immune to the massive selling pressure during and after last Saturday's flash crash. While some sub-sectors of the crypto market may recover, Axie Infinity and other metaverse cryptos have further to fall. Thin Volume Profile suggests an acceleration of selling pressure may occur.
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