A brief technical and on-chain analysis on Shiba Inu price. FXStreet's analysts evaluate why SHIB could be preparing to surge. Please, subscribe to our YouTube channel and follow us on Twitter @FXScrypto (https://twitter.com/FXScrypto).
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Solana price is looking top-heavy as it hovers below the $38.2 hurdle. Solend, a lending/borrowing platform voted to take control of a whale’s account to prevent a cascade of liquidation. Rejection at $38.22 and the fallout from this fiasco could trigger SOL to crash to $25.
Terra showed restraint and stayed above $1.69 even as BTC crashed below $18,000. LUNA price has been trading below the larger range since its breakdown on June 8. However, the recent surge in bullish momentum could push Terra up to retest the said level.
Polkadot price could print one more decline into $4. Bitcoin, however, shows bullish evidence; thus, a pullback scenario is likely. Polkadot price shows signals of a temporary bottom.
Ethereum price lures the everyday investor to implement a dollar-cost average investing strategy. The invalidation level for Ethereum price, however, is still wide and less favorable than Bitcoins'.
Bitcoin price has gone through turbulent times over the last few months. From reaching a new all-time high to hitting yearly lows and revisiting levels since 2020, the crypto markets have been extremely volatile.
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