latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Polkadot, Shiba Inu Price Analysis: June 17, 2021

Polkadot, Shiba Inu Price Analysis: June 17, 2021
Several crypto assets extended the bullish action from June’s crucial support at $20 despite the sluggish price action in the market. Bitcoin stepped above $40,000 but failed to sustain the jump . Meanwhile, most crypto assets are in the red as the week’s trading enters its last mile.
The smart contract token, Polkadot (DOT) , swung toward $30 but did not accomplish this bullish goal due to the resistance at the 200 Simple Moving Average (SMA) on the four-hour chart. A correction followed immediately amid an increase in overhead pressure.
Meanwhile, the 50 SMA prevented declines from stretching to $20. The buyer congestion at this level ensured market stability sustained. Hence, Polkadot jumped above the 100 SMA while targeting another attempt at gains toward $30.
The Relative Strength Index (RSI) shines a light on the improving bullish outlook. The trend momentum indicator recoiled at the midline and is currently pointing toward the overbought. Note that a sustained upward motion will call more buyers into the market as Polkadot nurtures the uptrend.
DOT/USD four-hour chart
Read more
DOT/USD price chart by Tradingview
Shiba Inu:-
Shiba Inu (SHIB) spiked remarkably following the listing on Coinbase Pro. The support at $0.000054 allowed buyers to take the bull by the horns, riding on the new exposure. SHIB brushed shoulders with $0.00001 but ran out of steam, allowing a correction to come into play.
Meanwhile, the meme coin trades at $0.0000084 after securing another higher support slightly above the 100 SMA. Note that Shiba Inu’s short-term technical picture seems stable; thus, bulls can focus their efforts on pulling the price above $0.0001.
SHIB/USD four-hour chart
Read more
SHIB/USD price chart by Tradingview
Consequently, the Moving Average Convergence Divergence (MACD) hints at a sideways trading action taking precedence in the near term. As the momentum indicator levels above the zero line, bulls have ample time to increase their entries, which means that the slightest resistance path is still upward.
The post Polkadot, Shiba Inu Price Analysis: June 17, 2021 appeared first on Coingape . shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Read the full Article:  ⭲ Polkadot, Shiba Inu Price Analysis: June 17, 2021

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News