Cryptocurrencies Price Prediction: Stellar, Polkadot & Bitcoin – American Wrap 29 March
|Stellar Price Prediction: XLM bullish outlook affirmed last week
Stellar price has trended sideways for 33 days between $0.440 and $0.350, and on below-average volume on each day. The 8.5% decline on March 24 was exhausted by the 25th, and XLM closed with a hammer pattern on the weekly chart, putting traders on alert that bulls were back in control. Price has since rebounded to the middle of the channel at $0.395.
Polkadot Price Analysis: DOT heads toward all-time high amid broad-based crypto recovery
Polkadot recently bounced off support at $27 and is moving toward the coveted $40 level. The uptick in the price is not unique to DOT, because other cryptocurrencies have joined the party. Polkadot is doddering at $34 while technical levels gradually improve. The upswing will likely hit highs above $40 in the coming sessions.
Wealth management firms offering BTC to clients, could help boost prices
Both Bitcoin and Ethereum prices have been gradually dropping for an entire last week, with both coins seeing a particularly sharp drop late on Wednesday, March 24th. The drop came in expectation of the expiry of $6 billion worth of options contracts, as many started selling their coins in expectation of a large correction. However, now that this has passed, the future looks a lot brighter for the two leading coins’ prices.
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