Solana, Ethereum & Polkadot — Asian Wrap 10 October

Solana price is assessing the possibility of a bullish breakout to usher in the new week. The competitive smart contracts token has continued to trend north of its support at $30.00, but recently it has been challenging for bulls to clear the seller congestion at $35.00.

Ethereum price is sitting in limbo amid extended market indecision. Although the flagship smart contracts token tagged $1,384 this week, the momentum behind it faltered, leaving bears untethered. ETH is testing support at $1,300 on Sunday ahead of a potential southbound move.

Polkadot is in the process of cultivating a bullish breakout from a recently formed technical pattern. The parachain token took a breather at $6.30 after encountering strong seller congestion at $6.50. In the meantime, a four-hour to a daily close above the 50-day SMA (Simple Moving Average) is required to cement the bulls’ presence in the market.

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