Cryptocurrencies Price Prediction: Axie Infinity, Polygon Inu and Shiba Inu – European Wrap 7 December
Axie Infinity price recovers from two flash crashes, hints at a 15% breakout
Axie Infinity price is recovering from its steep downtrend and is showing signs of improvement. Investors can expect AXS to pierce through the trading range’s midpoint and move higher.
MATIC price could be due for a catastrophic crash below $1
MATIC price recovery after the December 4 flash crash has been impressive as the bulls are vying to retest the all-time high. Still, the sudden upswing could set the perfect stage for a bull trap.
Shiba Inu restarts bull run as global tailwinds take over
Shiba Inu (SHIB) price has been under pressure over the weekend and accelerated its downtrend due to the spillover effect from the Bitcoin flash crash. SHIB price then bounced off the monthly S1 support level, however, and created a bullish knee-jerk reaction, reversing most of the incurred losses from the weekend. The short-squeeze could see SHIB price return, first to $0.000004490, and then on the back of a global recovery, perhaps all the way back up to $0.00008373.
Author
FXStreet Team
FXStreet
