Mobility and social sensitivity in the world of crypto money, especially Bitcoin, dropped significantly. If this table is altcoin increased the interest in
Popular names of the altcoin world such as Polkadot, Binance Coin, Shiba INU, Curve DAO are gathering strength for significant rise.
On the other hand, Bitcoin managed to rise above $ 16,800, increasing the pressure on the buy side. As a matter of fact, this pressure did not have the desired effect at the $17,000 level. Altcoins, which have been consolidating for a while, may soon start to rise.
Polkadot (DOT)
polkadot The price is trading in the ‘falling wedge’ pattern, which is considered a bullish view. If this model gives the desired effect, it can break out of the range in which it is consolidated and make a rally.
Before breaking out of this range, DOT price could temporarily decline to the $5 area. It could trigger a strong uptrend soon after. Also, the upside could help the price break the resistance and reach levels above $6 soon.
Binance Coin (BNB)
Binance Coincontinues to rise since its recovery from mid-June lows. The recent market crash pushed the price below the trendline. On the other hand, BNB managed to recover quickly and relatively maintains its uptrend.
The price is expected to continue an ascending consolidation until it reaches the top of the ascending triangle and breaks further.
Shiba Inu (SHIB)
The Shiba Inu continues to signal ‘bullish’ as it continues to move towards the top of its bullish pennant. The accumulation in buying volume may offer critical support for the uptrend. With a breakout, SHIB price could retrace levels above 0.00001 initially and then secure levels above $0.000001050.
Curve DAO Token (CRV)
Curve DAO token broke lower support during the last drop but quickly recovered and now seems to be heading back towards resistance. After a notable rise, the price consolidated firmly. Hence, a bull flag is forming and thus remains ambitious for a significant rise soon.
If the price manages to break through the resistance, it could invalidate the bearish trajectory and regain $1 in a small time frame.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.