Cryptocurrencies Price Prediction: Shiba Inu, Polkadot & SafeMoon — Asian Wrap 16 Aug


Shiba Inu price takes another jab at $0.0000112 as ShibaSwap rewards program delays

Shiba Inu price saw a period of extended stagnation while most of the cryptocurrency market rallied. However, this stagnation proved to be an accumulation and was followed by explosive price action. While this sudden uptick failed to sustain, SHIB is currently attempting to climb to its intended target for the second time.

 

Polkadot Price Forecast: DOT steadies ahead of 40% advance

Polkadot price is slowly working its way toward a 40% climb as it continues to record higher highs and higher lows. DOT has rallied by over 116% since the July 20 low, marking a high not seen since June 21, at $23.51. Polkadot price has formed an ascending parallel channel on the 12-hour chart, as DOT has consecutively recorded higher peaks and higher troughs. 

 

SafeMoon price uninterested in recovery, heads for 25% downswing

SafeMoon price action continues to be underwhelming as SAFEMOON carries on with making lower lows. The diminishing trading volume also suggests that interest in the altcoin has declined, leading to a development of a bearish chart pattern. $0.00000203 acts as critical support for the altcoin, and a close below this level could spell trouble for the bulls.


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


Recommended Content

Editors’ Picks

Dogecoin and Bitcoin Cash Price Prediction: Funding rates decrease indicate weakness in DOGE and BCH

Dogecoin and Bitcoin Cash Price Prediction: Funding rates decrease indicate weakness in DOGE and BCH

Dogecoin and Bitcoin Cash registered 3% and 8% losses on Tuesday following increased selling pressure from the futures market. The decline comes amid large-cap cryptos like Bitcoin, Ether and XRP, holding still with slight gains.

More Cryptocurrencies News
XRP could sustain rally amid growing ETF and SEC vote prospects 

XRP could sustain rally amid growing ETF and SEC vote prospects 

Ripple flaunted a bullish outlook, trading at $2.1505 on Tuesday. Investor risk appetite has continued to grow since the middle of last week, propping XRP for a sustainable upward move triggered by the swift decision by US President Donald Trump to suspend reciprocal tariffs for 90 days.

More Ripple News
VeChain Price Forecast: VET bulls aim for a double-digit rally

VeChain Price Forecast: VET bulls aim for a double-digit rally

VeChain price hovers around $0.023 on Tuesday after breaking above a falling wedge pattern the previous day; a breakout of this pattern favors the bulls. Bybit announced on Monday that VET would be listed on its exchange. Moreover, the technical outlook suggests rallying ahead, targeting double-digit gains.

More VeChain News
Dogecoin, Shiba Inu and Fartcoin price prediction if Bitcoin crosses $100K this week

Dogecoin, Shiba Inu and Fartcoin price prediction if Bitcoin crosses $100K this week

The meme coin market fell sharply on Monday, shedding 4.8% in market capitalization to settle at $49.25 billion, according to data compiled from CoinGecko. The sell-off coincided with increased volatility across broader crypto markets while investors rotated funds into Bitcoin briefly tested $85,000.

More Memecoins News
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery

Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery

Bitcoin (BTC) price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.

Read full analysis
The Best brokers to trade EUR/USD

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.

Read More

BTC

ETH

XRP