Terra, Solana & Shiba Inu — Asian Wrap 8 August

LUNA price shows a sign of healthy retracement after an egregious spike in buying pressure that triggered a quick and swift run-up. The ongoing pullback will provide investors with another chance to rally. LUNA price sliced through the two-month declining resistance level on August 1 by triggering a 41% ascent. 


Solana price seems to be hovering inside a consolidation with no signs of a breakout. Investors can expect a dip to $31.66 or $24.52 levels in the near future as liquidity below these levels remains untapped. A daily candlestick close below $24.52 without recovery will invalidate the bullish thesis for SOL.


Shiba Inu price shows a tiring consolidation around the POC at $0.0000118. A breakdown of this level to fill the price in efficiency present at $0.0000083 seems plausible in the near future. If SHIB produces a daily candlestick close below the $0.0000074 support level, it will invalidate the bullish thesis. 

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