Cryptocurrencies Price Prediction: Polkadot, SafeMoon & VeChain — Asian Wrap 09 July
Polkadot Price Analysis: DOT on the threshold of another 40% decline
Polkadot price executed a timid rebound off the June 22 low, traversing a bear flag pattern marked by no end of the day commitment and well below-average volume. Today’s decline may force a breakout from the pattern, putting DOT on course to record a 40% move from the flag’s lower trend line.
VeChain price has a problem, as VET bears build momentum for a brutal capitulation
VeChain price constructed a bear flag pattern following the June 22 low, taking the cryptocurrency to the resistance outlined by the 200-day SMA and the Anchored VWAP from January 3. Under the weight of the sturdy resistance, VET broke out from the pattern on July 5 and is registering a convincing follow-through today.
SafeMoon Price Forecast: SAFEMOON bottom near completion, reveals 50% opportunity
SafeMoon price has been directed by the uncertainty and the resulting churn manifested in Bitcoin price over the last few weeks. As a result, SAFEMOON has presented several pattern alternatives since the May 19 low, with some failing to trigger and others unable to generate price traction post-breakout.
Author
FXStreet Team
FXStreet
