Shiba Inu, Solana & Vechain — Asian Wrap 16 Nov

Shiba Inu price continues to struggle with a return to the $0.0000650 value area. A return to $0.0000650 could prelude a massive breakout and bear trap. However, a rejection would likely initiate a sell-off. Shiba Inu price faces final test and buy opportunity to push on to new all-time highs. Shiba Inu price is at a make-or-break level. 

Solana price action experienced an overwhelmingly bullish close on Saturday with a massive 6% drive. Sellers on Sunday attempted to return Solana lower but failed. Bulls were ultimately able to hold Solana above the Tenkan-Sen, creating near-term support. A bullish entry is now in sight to confirm a rise towards $300.

 

Vechain (VET) price is experiencing a bullish breakout from the pennant formation that started on November 9. The uptrend got supported by the purple ascending trend line and saw price action bushed above the historical $0.15 pivotal level. Expect Vechain bulls to push for new all-time highs, but with the Relative Strength Index being overbought, further upside should be muted.


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