LUNA price has been consolidating in a tight range since June 30 and shows no signs of directional bias. However, investors should be prepared for a quick and volatile move to emerge as soon as Bitcoin develops a bullish bias to retest the 200-week Simple Moving Average (SMA).
AVAX price has seen an upthrust in bullish momentum that has been helpful for its holders. However, some investors could soon become the victim of a market makers’ short squeeze.
Shiba Inu price looks to be in limbo as it hovers above a stable support level, but things could get ugly as the threat of a downside persists. However, the upside seems plausible under two conditions – Bitcoin cooperates with the directional bias and the launch of a new stablecoin called “SHI.”
