|

Cryptocurrencies Price Prediction: Zilliqa, Shiba Inu & Polkadot — Asian Wrap 19 August

Is the Zilliqa price prepping for a monstrous 50% decline?

Zilliqa price could be due for a serious liquidation. Key levels have been identified. ZiIliqa price merits considerable concern as the ERC-20 token has failed to hold support at both the  8- and 21-day simple moving averages. Invalidation of the downtrend scenario is a breach above $0.058.

Shiba Inu Price Prediction: We've all made gains, now here comes the pain

Shiba Inu price could witness a sharp decline as multiple forecasts issued a warning of a potential pump and dump underway. Shiba Inu price is continuing to validate technical outlooks forecasted throughout the summer.  Last week, a 35% increase was forecasted ahead of time, enabling subscribers a chance to partake in a profitable swing trade. 

Polkadot Price Prediction: A $4 token by 2023?

Polkadot price has fallen penny-from-Eiffel style on two separate occasions. DOT price has printed three clean impulse waves and has yet to tag significant liquidity levels near the rally's origin point. A retracement can occur as high as $11.75 and still uphold a bearish outlook towards $4.00.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Cardano Price Forecast: Weak momentum puts ADA recovery at risk

Cardano is trading below $0.222 on Thursday after failing to sustain gains above the 50-day Exponential Moving Average near $0.228 the previous day. Weakening derivatives metrics and fading bullish momentum continue to weigh on sentiment, while a break below the 100-day EMA could push ADA lower. Derivatives data shows a cautious outlook for Cardano.

Ripple and Stellar outlook: XRP and XLM recovery stalls below EMAs

Ripple and Stellar remain under pressure on Thursday as both struggle to sustain their recent recovery attempts. XRP trades below $1.36, while XLM slips beneath $0.183, as mixed derivatives metrics, weakening momentum indicators and heating market conditions suggest cautious market sentiment. Derivatives data shows weakening conditions for Ripple and Stellar.

Zcash Price Forecast: ZEC reclaims $1,300 as ETF inflow hits 30-day high

Zcash price hovers above $1,300 on Thursday, sustaining its 15% gains so far this week with three straight days of recovery. Institutional and retail appeal is returning, with over $15 million in inflows recorded on Wednesday and ZEC futures Open Interest rising to a 30-day high of $2.89 billion. The technical outlook for ZEC indicates an upside bias as recovery gains traction.

Bitcoin derivatives improve, but $87,000 sell wall looms
Bitcoin (BTC) showed signs of recovery on Wednesday as derivatives positioning improved, but sell risk grew between $86,500 and $87,500, where sell orders and leveraged liquidation clusters could limit further gains.
Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains
Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.