Cryptocurrencies Price Prediction: Avalange, Decentraland & SAfeMoon — Asian Wrap 11 Mar

AVAX price increasingly hopeless, may retest $57

AVAX price shows a similar bearish structure across the entire altcoin market. The weak technical levels on the candlestick chart are exacerbated by weak economic data, inflation fears, and Russia's continued invasion of Ukraine. But despite a series of black swan events and unknowns, AVAX has held up surprisingly well.

Decentraland price positioned to return to $2

Decentraland price is barely hanging on to some near-term support before crashing back to the $2 level. However, a total absence of any significant support below $2.33 makes the likelihood of a fall extremely probable, and it could occur at any moment.

SafeMoon price poised for another 20% drop as bulls jump ship

SafeMoon price is currently trading below the Ichimoku Cloud and continuing its slide south after repeated Ideal Bearish Ichimoku Breakout confirmations. It remains above the most recent swing lows at $0.00097 made on February 24, 2022, but continuation lower is likely unless buyers step in to support SafeMoon.