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Cryptocurrencies Price Prediction: Polkadot, Axie Infinity & Stellar Lumens — Asian Wrap 14 Oct

Cryptocurrencies Price Prediction: Polkadot, Axie Infinity & Stellar Lumens — Asian Wrap 14 Oct
FXStreet TeamFXStreet TeamFXStreet

Polkadot price to target $100 if DOT holds above crucial support

Polkadot price has formed a double-top with the highs formed near $38 precisely one month ago. It is now trending lower with significant selling pressure over the past three trading days – but buyers have stepped in to keep the bodies of the daily candlesticks above the Tenkan-Sen. Polkadot price is at an inflection point that will likely dictate the trend over the next thirty days. 


 
Axie Infinity weakens, AXS to test $70 as support

Axie Infinity price is little changed since hitting its new all-time high on October 4th. It has dropped below the Tenkan-Sen, but it remains above the Kijun-Sen and has found support against that level over the past two days. A move below the Kijun-Sen to test the Senkou Span B (strongest support) level is increasingly likely.

XLM price breaks below key support as bears return

Since the end of September, Stellar (XLM) price action has been on an uptrend, with bulls getting capped just below the 200-day Simple Moving Average (SMA) at $0.37. Price action started to fade quickly on Monday, with the body of the candle not being able to get above the 38.2% Fibonacci level at $0.35. 

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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