Cryptocurrencies Price Prediction: Shiba Inu, Bitcoin & Solana – American Wrap 11 November
Shiba Inu must hold key support to avoid total capitulation
Shiba Inu price found itself a victim of the selling pressure faced across all financial markets on Wednesday. Shiba Inu has found some technical support at the 50% Fibonacci retracement at $0.000049, but buying appears to be drying up. As a result, Shiba Inu is very much at risk of a capitulation move towards $0.0000100.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos march to new highs with uptrend intact
Bitcoin price popped higher yesterday and made new all-time highs around $69,123.70, but then came under pressure from profit-taking in the US session as global markets got rattled by higher-than-expected inflation data. A similar pattern unfolded for both Ethereum and Ripple price action. With the US session closed today, investors will have a chance to reassess the situation and look beyond the inflation print to determine if markets will open in risk-off mode tomorrow or will shake off the inflation worries and focus back on the several bull runs that are ongoing.
Solana bulls buy the dip but SOL upside potential is capped at $280
Solana price was at more risk of a catastrophic move lower during Wednesday’s selling pressure than most cryptocurrencies. It is a testament to Solana’s strength and bullish sentiment that not only was the retracement limited, but Solana continued to trade near its all-time highs. Two trade possibilities are now present.
Author
FXStreet Team
FXStreet
