Cryptocurrencies Price Prediction: Polkadot, Avalanche & Ripple — Asian Wrap 30 August
|Why Polkadot price could re-route north towards $8.60
Polkadot price could witness a bullish retracement in the coming days targeting the mid $8 zone. Polkadot price continues to lose ground as the bears suppress prices during the final trading week of August. Since August 12, the Ethereum-based virtual reality token has fallen 30%.
Avalanche price needs to return to the mid $20 level, or more pain will ensue soon
Avalanche price leaves clues that more decline is imminent. Key levels have been identified. Avalanche’s AVAX price has fallen 40% this month as the bears have flexed total control over the Ethereum-based gaming token. Amidst the 40% decline, the bears have managed to prompt additional cues suggesting more downslides will occur in the future.
This indicator suggests the XRP price will get extremely volatile in September
Ripple’s unpredictable back-and-forth nature signals smart money wants full ownership of the big move to come. Ripple price continues to undergo erratic market behavior during the final days of August. The back-and-forth price action is indicative that a big move is coming.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.