📈 Analysis and Prediction (SOL, SHIB and POLYX):
🚀 SOL/USDT - Solana has been moving along an ascending support line since the beginning of the year. In September, the asset bounced off it, accelerating its growth rate, and then broke above the critical horizontal area of $28. On October 31, the price of
#sol reached a new yearly high at $37. In case the growth continues, the next important resistance will be at the $47 level. However, if the momentum fizzles out, the price of Solana may drop by 25% to the $28 area, confirming it as support.
🐕 SHIB/USDT - In August 2023,
#shib made an unsuccessful attempt to break through, which led to further decline. In October, the price of SHIB reached a low of $0.0000066. On October 28, 250 million SHIB tokens were burned, and over the past seven days, more than 500 million tokens were burned. The burning of coins reduces the circulating supply and potentially should increase the asset's scarcity and value. On October 22, the price of SHIB finally managed to rise above the trendline. The rise was preceded by the appearance of bullish divergence on the RSI. If the upward impulse remains, the price of SHIB could grow by 45% and reach the next resistance level at $0.0000110, which would result in a breakthrough of the long-term descending resistance line.
🌟 POLYX/USDT - The price of
#polyx started to rise on October 13. The upward movement took on a parabolic nature and led to the achievement of an all-time high at $0.43, which is near the external Fibonacci level of 1.61. If Polymesh breaks above it, the price of the asset could soar by 75% and reach the Fibonacci level of 2.61 at the $0.66 mark. Despite this bullish forecast, the failure to close above the $0.44 resistance will lead to a 25% drop to the horizontal area of $0.29, which is expected to provide support for POLYX."
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