Cryptocurrencies Price Prediction: Axie Infinity, Polygon Inu and Shiba Inu – European Wrap 7 December

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Axie Infinity price is recovering from its steep downtrend and is showing signs of improvement. Investors can expect AXS to pierce through the trading range’s midpoint and move higher.

AXS/USDT 4-hour chart

MATIC price recovery after the December 4 flash crash has been impressive as the bulls are vying to retest the all-time high. Still, the sudden upswing could set the perfect stage for a bull trap. 

MATIC/USDT 1-day chart

Shiba Inu (SHIB) price has been under pressure over the weekend and accelerated its downtrend due to the spillover effect from the Bitcoin flash crash. SHIB price then bounced off the monthly S1 support level, however, and created a bullish knee-jerk reaction, reversing most of the incurred losses from the weekend. The short-squeeze could see SHIB price return, first to  $0.000004490, and then on the back of a global recovery, perhaps all the way back up to $0.00008373.

 

SHIB/USD daily chart

 

 

 

 

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