Home Latest News Cryptocurrencies Price Prediction: Polkadot, Solana & Cardano — Asian Wrap 08 Apr...

Cryptocurrencies Price Prediction: Polkadot, Solana & Cardano — Asian Wrap 08 Apr – FXStreet


FXStreet Team FXStreet Team

Polkadot price could experience more selloffs in the coming days. There were clear indicators for traders to take profit from last month's successful trade setups. Polkadot price has disappointed analysts as the current bearish engulfing candle has completely invalidated any possibility for a Wave 4 count.
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Solana price shows bearish strength as the digital asset has declined 17% in the last two days. It was mentioned in last week’s thesis that the 40% target forecasted from the early March trade setup was likely to have been reached. 
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Cardano price is on a downtrend despite the arrival of new dApps on the blockchain network. NFT bonds are a new feature on the Cardano network, allowing traders to buy or sell using their wallet. Analysts predict a breakout in Cardano price, setting a target of $1.6 for the Ethereum-killer. 

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ApeCoin price has been consolidating between many barriers for roughly three weeks, hinting at an explosive move. Considering the bullish weekly open for Bitcoin, there is a chance for this volatility to support the bulls.
Polkadot price faces an uphill battle between the high-time-frame resistance at $10.37 and other hurdles in its path. A decisive four-hour candlestick close above $11 will improve its probability of an upswing to $13.65.
Bitcoin price is showing a bear flag fractal form on a lower timeframe, forecasting a 30% crash. A breakdown of the $30,000 psychological level from a weekly time frame would further help the bears’ case. The macro bearish outlook could face invalidation if BTC produces a higher high above $52,000.
Terra's LUNA 2.0 price has dipped below $5, crashing by more than 60% over the past week. The Layer 1 token reached a low of $4.50 and it is hovering around $4.80 at the time of writing. Further selling pressure could send LUNA 2.0 price to retest May 28's low at $3.50. 
Bitcoin price has been consolidating since the May 12 crash and has stayed relatively flat from a macro standpoint. As a result of this consolidation, BTC could be preparing for a volatile move that will shock investors.
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An Open Source activist, who pursues his passion for tech blogging. In early years of his life, he worked as market analyst for a number of companies. Martin has been writing reviews and articles for a local magazine for last five years.