Shiba Inu, Polygon & VeChain — Asian Wrap 17 June

Shiba Inu Price Forecast: SHIB Coinbase listing predicts higher prices, but not yet

Shiba Inu price had been locked in a frustrating consolidation before the brief sweep below the May 19 low on June 11, clearing the weak holders and pockets of anxiety. The rebound gained traction on the Coinbase announcement, but SHIB met important resistance drawn by two key technical levels that could keep the enthusiasm from the news contained for a few days.

 

MATIC Price Analysis: Polygon hints at minor retracement before resuming rally to $2

MATIC price awoke and dismantled May’s declining trend line on June 13 with a 7.5% gain. Polygon continued the bounce into the 50 twelve-hour SMA before correcting the last couple of days. The breakout above the trend line has invigorated the altcoin, and the current undervalued condition has raised the probability that it may renew its leadership position in the cryptocurrency complex.

 

VeChain Price Prediction: VET at the last line of defense

VeChain price has constructed a similar pattern to Dogecoin price, highlighted by a rounding formation since the May 23 low. The bearish construct supplemented by signs of distribution elevates the negative VET outlook and increases the odds of a test of the 200-day SMA moving forward.