Polkadot, Ripple & Shiba Inu — Asian Wrap 14 Feb

Polkadot price has been hammered south since last Thursday. DOT has lost up to 21% in just five days, returning it precipitously close to three-month and 2022 lows. Hidden bullish divergence is the only condition that could prevent a massive sell-off.


XRP price recently broke the bear market trendline on its $0.02/3-box reversal Point and Figure chart. That break occurred when XRP tagged the $0.92 price level, but it promptly sold off from there. Downside risks exist but are likely limited.


Shiba Inu price action has outperformed a good chunk of the altcoin market. SHIBA has performed admirably despite experiencing intense selling pressure leading up to and after the poor US CPI data last Thursday. Most importantly, it has held onto the daily Tenkan-Sen as its primary support level.