Cryptocurrencies Price Prediction: Axie Infinity, Solana & Polkadot — Asian Wrap 18 Feb

FXStreet Team FXStreet

Axie Infinity price action indecisive, AXS at risk of a 20% drop

Axie Infinity price has been an exercise in frustration for bulls and bears. Multiple bearish continuation setup and bullish reversal opportunities have developed, with neither side willing or able to capitalize on any move. That activity is expected to continue. However, there is a slight weight given to the bearish side of the market, given where AXS is in the Ichimoku Kinko Hyo system.

Experts predict Solana price rally as the Ethereum-killer crosses $58 billion in transactions

Ethereum-killer Solana has recovered from the drop in on-chain activity, hitting $58 billion in all-time transaction volume. Analysts have predicted a rally in Solana price, in response to the bullish catalysts. Solana made headlines with a project on the network's blockchain; Wormhole suffered a $320 million hack.

Polkadot awaits bullish breakout that would see DOT rally more than 50%

Polkadot price action remains bound to the $20 value area. A large Spike Pattern on the Point and Figure chart has existed for over three months without a single reversal column. The probability of a bullish rally increases. Polkadot price has one of the longest-lasting Spike Patters on its Point and Figure chart of the entire cryptocurrency market.

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