Altcoins at an End of Consolidation! AXS, DOT, BNB, AVAX, SHIB Price to Explode Soon!
https://ift.tt/G8PU1hV
The global crypto market capitalization is slowly surging high towards the $2 trillion mark as the market is attempting to stabilize a little. Bitcoin and Ethereum prices are back above $40,000 and $3000 respectively. And hence the popular altcoins have also jumped significantly but are yet to recover the recent losses. In the due course, some altcoins possess extreme strength with a huge possibility of ranging towards the highs soon.
Axie Infinity (AXS)
Axie Infinity price is again consolidating along with the pivotal levels around $45.76. Previously, whenever, the asset consolidated in these regions, have flipped royally and attempted to hover above the immediate resistance levels. Therefore, a similar upward swing is much expected as the consolidation appears to be approaching its finale. With a rebound, the AXS price may slice through the immediate resistance at $59.21 and range beyond $65.
Polkadot (DOT)
The Polkadot price after sliding down from the resistance at $23.18, forming a couple of bearish flags, halted the descending trend with a strong consolidation. The DOT price successfully nullified the bearish flag pattern and maintained its trend above the lower support. No doubt a couple of attempts to range towards the resistance have failed miserably. But a minute bullish flag formed in the STF raises the hopes for a significant uptrend towards $20.
Binance Coin(BNB)
The Binance Coin is among the assets which silently record milestones without being in the spotlight. Ever since the asset began with the bull run, it maintained its trend above the uptrend line and slowly approached the strong resistance zone. The asset has previously failed to hold within these levels, but this time, it appears that the BNB price may slice through the consolidation and hit $500 quickly.
Avalanche (AVAX)
The AVAX price is still trending within a huge symmetrical triangle, and consolidating along the lower support region. The price may flip from the lower support in a short while from now and head towards the initial target at $100. However, to do so the AVAX price is required to slice through the pivotal resistance at $95.80.
Shiba INU (SHIB)
Shiba INU price, on the other hand, is attempting to range above the pivotal resistance at around $0.00002545. Once the price makes it through the pivotal levels, it should sustain without losing below these levels. And hence from here, a strong upswing may be ignited towards $0.00002750 which can be considered a safe zone to propel above $0.0000300.
Was this writing helpful?
Cryptocurrency
