Cryptocurrencies Price Prediction: Shiba Inu, Solana & Vechain — Asian Wrap 16 Nov

FXStreet Team FXStreet

Shiba Inu presents buy opportunity before SHIBA launches to $0.000100

Shiba Inu price continues to struggle with a return to the $0.0000650 value area. A return to $0.0000650 could prelude a massive breakout and bear trap. However, a rejection would likely initiate a sell-off. Shiba Inu price faces final test and buy opportunity to push on to new all-time highs. Shiba Inu price is at a make-or-break level.

Solana bull flag breakout suggests SOL will hit $300

Solana price action experienced an overwhelmingly bullish close on Saturday with a massive 6% drive. Sellers on Sunday attempted to return Solana lower but failed. Bulls were ultimately able to hold Solana above the Tenkan-Sen, creating near-term support. A bullish entry is now in sight to confirm a rise towards $300.

Vechain price sees bulls preparing for new all-time highs

Vechain (VET) price is experiencing a bullish breakout from the pennant formation that started on November 9. The uptrend got supported by the purple ascending trend line and saw price action bushed above the historical $0.15 pivotal level. Expect Vechain bulls to push for new all-time highs, but with the Relative Strength Index being overbought, further upside should be muted.

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FXStreet Team

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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.