Polkadot, Ethereum & Bitcoin — Asian Wrap 24 Aug

Polkadot Price Prediction: DOT achieves statistical first, but beware of a shake-out

Polkadot price has been a relative strength leader since the July low, recording a 185% gain at the August 21 high. Until August 20, the rally had been interrupted by only seven negative days, with only one day exceeding -4%. However, the intersection of the 200-day SMA with a series of highs in late May and early June has established the first serious point of resistance for DOT since the July 7 high of $17.88.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Stand aside $50K, Bitcoin is on the way to $57K

The Ethereum price consolidation has been in time versus price. Keeping the downside limited to -10% and confirming the previous resistance between $2,900 and $3,050 has become a new layer of support for the smart contracts giant. Today, Ethereum price is attempting to resolve the consolidation to the upside, but it is finding strict resistance at the 61.8% retracement of the May-July correction at $3,358. 

Bitcoin Price Prediction: BTC to reach $59,600 within a month

Bitcoin underwent some short-term correction after hitting $48,742 on August 13. Buyers twice picked up BTC around $44,562 with first the test of the purple ascending trend line in August and the next day on August 19. That last one, August 19, acted nicely as a bear trap, with short-sellers flocking in on the break of the trend lower with the idea that price would break down.