Cryptocurrencies Price Prediction: Shiba Inu, Zilliqa & Polygon — Asian Wrap 4 June
|SHIB Price Prediction: Shiba Inu hints at 30% rally
SHIB price shows a formation of a bottom reversal technical pattern that projects a huge potential bullish breakout. However, Shiba Inu needs to produce a decisive close above a critical resistance level to kick-start this upswing. SHIB price action since May 20 has formed two distinct valleys known as Adam and Eve.
Zilliqa Price Prediction: ZIL rally commences, targets 80% gain
Zilliqa price has accomplished a notable rally since the May 30 low after capturing support at the March 2020 trend line. The magnitude of the advance in such a short period combined with the 61.8% retracement level resistance could temporarily halt the advance. However, the larger ZIL outlook is still focused on overcoming the 2018 high and 2021 all-time high.
MATIC price consolidation near completion, Polygon aims for new highs
MATIC price strength has been a positive highlight of the May correction, despite the plunge of 75%. The extraordinary rebound of 230% from the correction low on May 23 combined with the negative correlation with BTC and clarified price structure has positioned Polygon in an advantageous position to tackle new highs in the coming weeks.
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