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Cryptocurrencies Price Prediction: Polkadot, Bitcoin & Ethereum — Asian Wrap 10 October

Cryptocurrencies Price Prediction: Polkadot, Bitcoin & Ethereum — Asian Wrap 10 October
FXStreet TeamFXStreet TeamFXStreet

Polkadot price controlled by bears after a strong rejection from supply zone, DOT could now be ripe for buying

Polkadot (DOT) price has been on a stealth downtrend since early in the year, recording lower highs and lower lows with the upside potential capped under a descending trendline. It comes as altcoins continue to lead the cryptocurrency market crash but things could change soon as DOT seems to be coiling up for a recovery rally.

Bitcoin price losing bullish momentum leaves namesake tokens BCH and BSV facing losses

Bitcoin price breached through the Exponential Moving Averages (EMA) this past week to trade above $27,500. The cryptocurrency has since been moving sideways; however, the declining bullishness spells trouble not only for BTC but its hard fork tokens, Bitcoin Cash and Bitcoin SV, as well.

BSV/USD 1-day chart

Ethereum price tests crucial support at $1,570 as ETH becomes a polarizing topic

Ethereum (ETH) price correlation to Bitcoin (BTC) has continued to widen since the mid-September reading, with the second-largest cryptocurrency by market capitalization now wandering on its own. With its bearish outlook, ETH has often rubbed longs the wrong way, compelling them to close their positions to avoid more severe losses.

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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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