Shiba Inu price may need a miracle as SHIB nears critical support
Shiba Inu price outlook of better outcomes has been neutralized by the slow drift lower from June 29, raising the odds that the ongoing development of an inverse head-and-shoulders pattern may fail. However, the emergence of an oversold condition on the 6-hour RSI does create possible bullish scenarios, renewing the spirit of the SHIB bottoming pattern.
These two DeFi coins are on the verge of explosive rallies
Aave price is plotting a constructive bottoming pattern amidst a cryptocurrency market defined by weakness and general insecurity. In contrast, Compound price has distinguished itself through notable outperformance since the June 22 low. In each case, the resulting bullish outlook is contagious and may become the source of FOMO in the DeFi space.
Axie Infinity presents buy opportunity after AXS price rallies by 990% in 30 days
AXS price has had an excellent 30 days of gains as the game gains popularity in several countries. The tokens are used for trading digitized creatures from Axie Infinity. Although the bull move has already unfolded, the game is set for more popularity as only now the rage is entering into the broader public. Only Brazil, India, Indonesia, the Philippines and Venezuela had the most volume representation thus far.
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Here’s what needs to happen for The Graph price to revisit $0.422
The Graph price trades inside the $0.192 to $0.494 range. Investors need to wait for GRT to overcome $0.343 before being bullish on GRT. If successful, GRT could rally 50% and revisit the $0.422 hurdle. A decisive daily candlestick close below $0.192 will invalidate the bullish thesis.
SingularityNET price could bounce 30% if AGIX can hold this level
SingularityNET price has been consolidating around the bottom of the $0.903 to $1.475 range for nearly a month. With some AI-tokens showing signs of revival, AGIX needs to be enalyzed for potential breakout opportunities like Arkham (ARKM).
Arkham price primed for a recovery rally ahead of OpenAI’s announcement
Arkham price eyes a potential reversal as it clears key hurdles. ARKM likely to rally 27% if it can overcome $2.74 resistance level. A breakdown of $2.28 wil invalidate the bullish thesis for the AI-based token.
Bitcoin: Why BTC is close to a bottom
Bitcoin (BTC) price efforts of a recovery this week have been countered by selling pressure during the onset of the American session. However, the downside potential appears to have been capped.