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.

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XRP consolidates as inflows and volume climb

Ripple (XRP) retains a slightly bullish outlook on Wednesday despite logging a minor correction from the supply range near $1.15. The remittance token is down 0.5% on the day, reflecting a broader cryptocurrency market drawdown, primarily driven by persistent geopolitical tensions between the United States (US) and Iran in the Middle East.

Bitcoin Price Prediction: BTC recovery holds as ETF inflows persist

Bitcoin (BTC) trades slightly lower around $66,000 on Wednesday as tensions in the Middle East escalate further. Still, the Crypto King is up over 2.5% so far this week.

South Korea crypto volumes shrink as retail investors shift to stocks

South Korea’s major crypto exchanges have seen their trading activity fall sharply over the past year as the country’s stock market surged, suggesting retail speculative interest may be shifting toward equities, Cointelegraph analysis shows.

Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

The next crypto bull market could be driven by the growing convergence between blockchain-based financial infrastructure and traditional finance, according to Bitwise CIO Matt Hougan. In a report published late Tuesday, Hougan argued that crypto may be showing early signs of a market bottom, with Bitcoin gaining 9% since July 1 even as the NASDAQ 100 declined 6%.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.