Cryptocurrencies Price Prediction: Polkadot, Solana & Shiba Inu — Asian Wrap 09 Mar

FXStreet Team FXStreet

Polkadot price eyes 30% upswing as DOT consolidation reaches inflection point

Polkadot price has been on a constant downtrend for roughly four months, and the 50-day SMA has played a crucial role in preventing DOT from rising. As a result, DOT seems to have begun coiling up between these two barriers. A bounce off the $10.37 to $15.66 demand zone will be the key to triggering a 30% move to $22.23.

Solana price must breach this level for SOL to enter a new bull run

Solana price is very close to breaking down below one of the strongest bearish patterns in technical analysis: the descending triangle. If sellers can take control and push Solana below the formation, a 40% wipeout is very likely to occur.

Shiba Inu price stabilizes while SHIB remains on track to hit $0.000054

Shiba Inu price continues to trade lower but has stabilized relative to the rest of the cryptocurrency market. While the Ichimoku chart shows extremely bearish trading conditions, sellers have been unable or unwilling to capitalize on that weakness.