Axie Infinity price prepares for a 27% ascent as bearish momentum weakens
Axie Infinity price appears ready for a 27% bounce toward $121 if it manages to slice above the resistance line of the governing chart pattern. However, AXS may face ample challenges ahead before the bullish target could be reached.
Axie Infinity price offers bullish outlook
Axie Infinity price has formed a falling wedge pattern on the 4-hour chart, suggesting an overall optimistic outlook. AXS must break above the upper boundary of the technical pattern at $95 in order for the 27% ascent target toward $121 given by the prevailing chart pattern to be achieved.
Shiba Inu price needs to form a base for SHIB to rally 25%
Shiba Inu price has been on a steady downtrend for roughly two months and shows no signs of slowing down. However, investors can expect SHIB to form a base that will result in a reversal of the nosedive.
Shiba Inu price looks for a base
Shiba Inu price has produced roughly four lower lows since the December 4 crash. Due to its downtrend, SHIB is very close to retesting the December 4 swing low at $0.0000295. Investors can expect the meme coin to see some sort of bullish activity around this level, leading to the formation of a base.
Bitcoin set to make a double bottom, with bullish signs for the new year
Bitcoin (BTC) price saw bulls last week trying to reclaim the $50,000 marker, but this week the attempt got rejected and formed a bull trap in the making. Instead, it looks like BTC will close the year on the back foot. Going into 2022, this means that Bitcoin could see investors picking up the lucrative discount around $44,088-$43,030, with 2022 forecasted to be a grand-cru year with new all-time highs projected over $100,000.
Bitcoin will see investors pick up the discount in these last two trading weeks of 2021
Bitcoin price had bulls looking optimistic last week with a strong recovery back above $50,000. Instead, the bulls got rejected this week at that same level and underwent a squeeze to the downside.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Grayscale files S-3 form for Digital Large Cap ETF comprising Bitcoin, Ethereum, XRP, Solana, and Cardano
Grayscale, a leading digital asset manager operating the GBTC ETF, has filed the S-3 form with the United States (US) Securities and Exchange Commission (SEC) in favor of a Digital Large Cap ETF.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH, and XRP brace for volatility amid Trump’s ‘Liberation Day’
Bitcoin price faces a slight rejection around its $85,000 resistance level on Wednesday after recovering 3.16% the previous day. Ripple follows BTC as it falls below its critical level, indicating weakness and a correction on the horizon.
Top crypto news: VanEck hints at BNB ETF, Circle files S-1 application for IPO
Asset manager VanEck registered a BNB Trust in Delaware on Tuesday, marking its intention to register for an ETF product with the Securities & Exchange Commission (SEC).
Solana Price Forecast for April 2025: SOL traders risk $120 reversal as FTX begins $800M repayments on May 30
Solana price consolidated below $130 on Tuesday, facing mounting headwinds in April as investors grow wary of looming FTX sell-offs.
Bitcoin: BTC remains calm before a storm
Bitcoin's price has been consolidating between $85,000 and $88,000 this week. A K33 report explains how the markets are relatively calm and shaping up for volatility as traders absorb the tariff announcements. PlanB’s S2F model shows that Bitcoin looks extremely undervalued compared to Gold and the housing market.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.