Cryptocurrencies Price Prediction: Stellar, Solana & AVAX — Asian Wrap 06 Oct


XLM presents a 200% opportunity to catch up with the rest of the market

XLM price action has certainly been a disappointment to its supporters. Considering that cryptocurrencies like Dogecoin-killer Shiba Inu have rallied over 60% and Bitcoin itself over 20%, it is easy to see why XLM bulls are frustrated. 

 

Solana pauses for support while SOL targets $215

Solana price has regained the majority of its losses from its all-time high and shows evidence of a continuation move higher. Thus, nearly all conditions necessary to fulfill an Ideal Bullish Ichimoku Breakout are complete, but some hints of near-term weakness remain.

 

AVAX bulls eye return to $80 before pushing Avalanche towards new all-time highs

AVAX price continues to display resilience and strength. Easily one of the best performers of 2021, AVAX may continue to consolidate before beginning another expansive move. AVAX price broke down below one of the most robust and bearish chart patterns in technical analysis: the rising wedge pattern.

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Editors’ Picks

XRP Price Prediction: Ripple at risk of 25% correction

Ripple (XRP) price ranges in a tight pennant with signals pointing to the downside as bulls are unable to hold the $0.78 support level, which is in the process of being transformed into resistance by bears. The low of today is just a few ticks shy of the ascending side of the pennant, and could see bears putting their foot down on the selling pedal and accelerating a move down.

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Cardano price breaks through bears’ fortress as ADA holds 28% gains

Cardano (ADA) price action saw massive inflows from bulls on Sunday as they managed to  tear down the bearish wall that short-sellers had built at $1.40. ADA bulls were able to touch the green ascending longer-term trend line vital for any longer-term uptrend in Cardano price. Expect to see $1.67 reached quickly and if markets can provide  a tailwind, for $1.80 or $2.00 to be gained by the end of this week.

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Shiba Inu awaits massive break out to $0.000078

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Bitcoin price bound for another dip to $40,000

Bitcoin (BTC) price action sees bulls struggling to keep the positive momentum going as bears stand firm at $44,088. At the moment, $50,000 is still nowhere near in sight, and investors are getting impatient about when the promised rally in BTC will finally kick in.

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BTC eyes retest of $50,000

Bitcoin price shows a resurgence of retail interest as it bounced off a crucial psychological level. The recent uptrend is preparing a base on a short-term time frame so BTC can kick-start a larger leg-up. Interestingly, on-chain metrics are lining up with the bullish outlook portrayed from a technical perspective. An uptrend now seems inevitable for BTC and, therefore, the larger ecosystem.

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