Shiba Inu, Polkadot & SafeMoon — Asian Wrap 16 Aug

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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.



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