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Cryptocurrencies Price Prediction: Terra, Solana & Shiba Inu — Asian Wrap 15 August

Cryptocurrencies Price Prediction: Terra, Solana & Shiba Inu — Asian Wrap 15 August
FXStreet TeamFXStreet TeamFXStreet

Why Terra’s LUNA is bound to face a technical punishment

Terra (LUNA) price action is facing headwinds from both sides as a technical candlestick pattern is throwing a spanner in the works, together with that long-feared dollar strength that is re-emerging after several warnings from Fed officials towards the markets and as most of the dollar weakness got erased in the final trading hours on Friday.  

Why Solana price action is going nowhere

Solana's (SOL) price, from a first glance at the sheet, looks bullish and set forth to continue its rally and winning streak. However, a closer look under the hood reveals that on a weekly chart, price action is going nowhere and could soon collapse once a tail risk gets inflated again.

Why Shiba Inu is still set to pop 30% in August

Shiba Inu (SHIB) price is still set to rally quite sharply towards $0.0001708, a very tactical level at the top of the R3 resistance level for this month and perfect as the completion of a swing trade since mid-June. Several technical elements thus provide tailwinds for SHIB price action in which it can rally.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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