Cryptocurrencies Price Prediction: Polkadot, Ethereum & SafeMoon — Asian Wrap 13 May

Here's why Polkadot price likely to fall to $6.90

Polkadot price could continue the steep decline, and a short opportunity could present itself, but the technicals need more time to establish a clear entry. Polkadot price, like most cryptocurrencies in the space, is under considerable bearish pressure. Today, the bears are moments away from printing a bearish engulfing candlestick on the 3-day chart.

Ethereum Price Head and Shoulders pattern forecasts a drop to $1400

ETH price is setting up a classic trading pattern, an opportunity to go short could present itself in the days to come. Ethereum price is currently trading at $1935 as the bears have pushed into the lowest price territory for 2022. Ethereum price sell-off is primarily correlated with the overall sentiment in the crypto market regarding security vs. asset arguments

SafeMoon price bucks the trend with double-digit gains

SafeMoon price action has been a textbook example of volatility and whipsaws. During the Thursday trade session, SafeMoon was up nearly 130%. However, almost all of those gains were promptly sold. Despite the selling, SafeMoon is still 30% higher for the day.