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Shiba Inu and Polkadot Price Prediction | 24 January 2022 | SHIB & DOT Market Update

Shiba Inu and Polkadot Price Prediction | 24 January 2022 | SHIB & DOT Market Update

Dhananjay Lochave

Marketing Manager - Branding

Table of Contents

All of the major cryptocurrencies like Shiba Inu and Polkadot Price Prediction 2022 experiencing significant price losses. However, as most cryptocurrencies fell, few stayed stable and even rose against the trend.

Let’s Check the Technical Movement of Shiba Inu and Polkadot:

Shiba Inu Price Prediction 2022

In the recent 24 hours of trade, the market appeared to be on the mend. It was increased over 11.80% to reach the value of $0.00002180. During the latest drop, the coin incurred significant losses. As a result, this minor upward movement will offer the coin much-needed relief.

SHIB is still down by more than 28% in the market. Positive feeling, on the other hand, is growing around the coin. The famous meme coin’s market value has increased to more than $12 billion; nevertheless, if the Shiba Inu price breaks over the $0.000026 level of resistance, SHIB may encounter resistance at 23.6 percent Fibonacci retracement level at $0.0000345.

Shiba Inu and Polkadot Price Prediction | 24 January 2022 | SHIB & DOT Market Update image 8 | BuyUcoin
Credit: @priya

However, the RSI remains weak, and the Shiba price remains below the 50-day moving average, indicating that more Bulls are needed to maintain the market’s positive attitude. [wpdiscuz-feedback id=”h9ixvqknhf” question=”Please leave a feedback on this” opened=”0″][/wpdiscuz-feedback]

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Polkadot Price Prediction 2022

DOT/USD has traded in a range of $17 to $19.18 in the previous 24 hours, indicating strong volatility. The coin’s trading volume has declined by 31%, while its total market cap is about $18.56 billion, putting it in 11th place worldwide.

The Polkadot price is now consolidating in the middle of a downward channel.

Shiba Inu and Polkadot Price Prediction | 24 January 2022 | SHIB & DOT Market Update image 9 | BuyUcoin
Credit: @priya

On the 17th of January, however, DOT price was trading around the upper level of the channel, but bears retook control. The market first plummeted below $24 to $19 before a much larger selloff occurred early yesterday. Following that, there was a 30% drop to $17.

If bears continue to dominate bulls, the price may go below the $17 resistance level and into the channel’s bottom tier.

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