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FXStreet
Polkadot price has been on a constant downtrend for roughly four months, and the 50-day SMA has played a crucial role in preventing DOT from rising. As a result, DOT seems to have begun coiling up between these two barriers. A bounce off the $10.37 to $15.66 demand zone will be the key to triggering a 30% move to $22.23.
Solana price is very close to breaking down below one of the strongest bearish patterns in technical analysis: the descending triangle. If sellers can take control and push Solana below the formation, a 40% wipeout is very likely to occur.
Shiba Inu price continues to trade lower but has stabilized relative to the rest of the cryptocurrency market. While the Ichimoku chart shows extremely bearish trading conditions, sellers have been unable or unwilling to capitalize on that weakness.
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Vasil hard fork is now imminent, and the technical director of open-source development at the Cardano Foundation revealed that the node, ledger, network and consensus appear to be stable so far.
Shiba Inu price has been sitting on a mine that could blow up in the bulls’ face if they trigger a premature rally. Investors need to be patient when trading SHIB as it could result in a whipsaw, putting traders out of their positions.
Dogecoin price shows its plans after tagging an inflection point that could trigger a run-up. Going forward, investors need to pay close attention to the buy zone and how DOGE reacts to it.
Bitcoin price shows optimistic signals to close out Wednesday, July 13th’s trading session. During the New York session, the bears flexed a brief attack on the $18,900 barrier.
Bitcoin price is attempting to move higher against a massive cluster of resistance levels, all of which are working to stop its bullish momentum. Investors need to be careful trading around this level as it could witness some serious volatility in the market.
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