Cryptocurrencies Price Prediction: Polkadot, Bitcoin & Ethereum — Asian Wrap 10 October – FXStreet


FXStreet Team FXStreet Team

Polkadot (DOT) price has been on a stealth downtrend since early in the year, recording lower highs and lower lows with the upside potential capped under a descending trendline. It comes as altcoins continue to lead the cryptocurrency market crash but things could change soon as DOT seems to be coiling up for a recovery rally.

Bitcoin price breached through the Exponential Moving Averages (EMA) this past week to trade above $27,500. The cryptocurrency has since been moving sideways; however, the declining bullishness spells trouble not only for BTC but its hard fork tokens, Bitcoin Cash and Bitcoin SV, as well.
BSV/USD 1-day chart
Ethereum (ETH) price correlation to Bitcoin (BTC) has continued to widen since the mid-September reading, with the second-largest cryptocurrency by market capitalization now wandering on its own. With its bearish outlook, ETH has often rubbed longs the wrong way, compelling them to close their positions to avoid more severe losses.

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Shiba Inu (SHIB) price has been on a steep downtrend since mid-August, recording pronounced lower lows on the three-day time frame. The slump has brought SHIB to a crossroad in the short term.
Lido DAO price has been moving sideways for the past month or so, with minor increases and decreases noted every now and then. However, the lack of a clear trend has left the investors uncertain as to whether their holdings will ever become profitable or not. 
Caroline Ellison was the witness on the stand on day five of the Sam Bankman-Fried (SBF) trial, with the former FTX executive facing charges on seven counts of crimes. The case is heard in a Manhattan court.
Bitcoin dominance continues to stand, recording multimonth highs. Meanwhile, investors have chosen to leave their holdings be, neither succumbing to selling appetite nor cashing in for quick gains.
Bitcoin (BTC) price hovers around $27,600 and shows no directional bias on the daily chart. Liquidity pockets are present in both directions, leaving traders guessing where BTC will go next. 
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