Price Analysis

SHIB Price Falls Flat, MATIC to Follow and SOL to Dip

Highlights

    Shiba Inu turns its bulls flat after an expected uptrend, will it fall?

    MATIC price seen soaring lately at $1.46 might face setbacks if momentum drops.

    SOL price flips into a bearish trap, moves south.

SHIB Price to Move High from Bears, Might Fall Flat

The Shiba Inu price has been declining for the past few days and remained flat at $0.00000851 after a significant downfall that pushed the price to this range. The downside pressure was high and pulled back the price in several phases. In the early hours yesterday the price dropped to $0.00000717. And continuing the ebarish movement it fell further to $0.00000663, but soon gained the bullish momentum and hit $0.00000769. Currently the movement is slightly bullish and surged substantially.

SOL

At the time of typing, the SHIB price is at $0.00000714. In the early hours, the price plunged from yesterday’s high with the accumulation of bears to $0.00000683. Following which the movements were oscillating between bulls and bears. Currently with a bearish candle in hand,the price may fall flat, sailing at the range of $0.00000717. However, iof the bullish momentum arises, the price can surge slightly and hit near $0.000008. Or the price may dip from the flat line like it did previously to $0.0000065 or further.

Technical Specifications

  • The resistance value is $ 0.00000857
  • The support value is $ 0.00000835
  • The indicators point out a neutral signal.

MATIC Price to Lift Its Head

The polygon price was travelling in a range of $1.5 to $1.7 for the past week, fluctuating often. In the last 24 hours, it dropped significantly and knocked over at $1.3743. But following this, it immediately accelerated to $1.445 and closed. Today when the price was expected to resume with yesterday’s trend, it dropped.

Also read: Polygon Price Prediction: Will MATIC Price Hit $5 By 2021?

matic

At the time of typing, the MATIC price is $1.463. In the early hours, the price continued dipping  and fell near $1.353, after which it slightly soared to $1.464 but dropped soon to $1.404. Today’s movements are highly oscillatory for MATIC and now it’s accumulating some bulls. If the bulls rally further the price may right and hit $1.5 and beyond. However, if the trend continues the price might turn flat after which it might dip to $1.4, continuing to fluctuate.

Technical Specifications

  • The resistance value is $ 1.456
  • The support value is $ 1.527
  • The indicators point out a sell signal.

SOL Begins to Move Bearish from Flat

The Solana cryptocurrency is putting all efforts to hit $50 and travel there, but it is seeing bearish setbacks for the past couple of days. However, it took a steep V shaped line and began surging from $ 34.33, yesterday. It hit  $38.74 as it closed. Resuming the day’s trade it continued the bullish trend and striked at $43.32. But, the price swing began from this point that pulled it to $40.08. Currently, with the bears lined up, the price is falling.

sol

At the time of typing, the SOL price is at $41.72. Earlier, the price remained flat at $43.9, but presently is experiencing a setback and begun to fall off the curve once again. In the coming hours the price may dip further to $40 and below. If it successfully grabs some bulls, then the trends may reverse.

Technical Specifications

  • The resistance value is $ 42.78
  • The support value is $ 42.47
  • The indicators point out a selling pressure.
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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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