Solana, SafeMoon & Axie Infinity — Asian Wrap 07 Dec

Solana price falls below the daily Ichimoku Cloud with the Chikou Span below the candlesticks and in open space – prime positioning for a start to a bear market. However, the true extent of how bearish Solana’s future price behavior could be is represented best on a Point and Figure chart. Upside potential exists but is risky and limited.

 

SafeMoon price, one of the most outstanding performers of 2021, is now one of the biggest pump and dump examples of 2021. After rising nearly 600% between September 29th and October 29th, SafeMoon crashed more than 88% to create a new all-time low on December 4th. SafeMoon price has a fantastic trade setup on its daily chart.

 

Axie Infinity price has certainly not been immune to the massive selling pressure during and after last Saturday’s flash crash. While some sub-sectors of the crypto market may recover, Axie Infinity and other metaverse cryptos have further to fall. Thin Volume Profile suggests an acceleration of selling pressure may occur.

This news is republished from another source. You can check the original article here.

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