Cryptocurrencies Price Prediction: Floki Inu, Ethereum & Polygon — Asian Wrap 5 Nov

Floki Inu to outperform Shiba Inu as Floki preps for 75% jump

Floki Inu price action, while limited in its history, shows interest by speculators. It is very likely that the cousin to Floki Inu – Shiba Inu – could suffer some deeper moves south if capital leaves that cryptocurrency for new FOMO opportunities in Floki Inu. Trade opportunities exist on both sides of the market.

Ethereum-killer Solana prints new all0time highs as SOL marches to $355

Solana price has been on an absolute tear during the first few days of November. Compared to Ethereum and Bitcoin, Solana doesn’t appear to have near the amount of reservation or indecision when it comes to pushing new highs. Solana price triggered a long entry from a previously identified trade setup on October 28th


MATIC faces pofit-taking and Polygon may find support at $1.75

MATIC price may find sellers in the form of profit-taking after reaching a new historical all-time highest weekly candlestick close. The closest support levels for MATIC on the daily Ichimoku chart are the Tenkan-Sen at $1.92 and the 61.8% Fibonacci expansion at $1.96. But MATIC may extend lower towards the Kijun-Sen.

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Ethereum price set to break below $3,000 as crypto bloodbath persists

Ethereum price is still under pressure from the red descending trend line. ETH price is set to break $3,018, bringing the price below $3,000. Expect a further continuation to go hand-in-hand with current financial market sentiment.

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MATIC price to present a buy opportunity before Polygon rallies

Polygon price action is still stuck in an upward trend channel. MATIC’s current level looks a good buy near the lower end of the channel. Expect a return to the middle of the channel or swing to the upper band once global markets turn green again.

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BTC eyes retest of $50,000

Bitcoin price shows a resurgence of retail interest as it bounced off a crucial psychological level. The recent uptrend is preparing a base on a short-term time frame so BTC can kick-start a larger leg-up. Interestingly, on-chain metrics are lining up with the bullish outlook portrayed from a technical perspective. An uptrend now seems inevitable for BTC and, therefore, the larger ecosystem.

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