The global crypto market capitalization is slowly rising towards $2 trillion as the market tries to stabilize a bit. Bitcoin and Ethereum prices climbed above $40,000 and $3,000 respectively. Therefore, popular altcoin projects have also jumped significantly but have yet to recoup recent losses. Let’s check the current levels for AXS, DOT, BNB, AVAX and SHIB, which are preparing to complete the consolidation process.
AXS, DOT, BNB, AVAX and SHIB could end consolidation on the upside
Axie Infinity price is consolidating again with key levels around $45.76. Previously consolidated in these regions, AXS is looking to bounce back and break above critical resistance levels. Therefore, a similar upside move is expected as it appears to be approaching the consolidation finale. According to analyst Sahana Vibhute, with a possible recovery, AXS price may head towards $59.21 and rise above $65.
Polkadot (DOT) price broke the downtrend with a strong consolidation, forming several bear flags after falling from resistance at $23.18. DOT price successfully invalidated the bear flag pattern and continued its trend above the lower support. Also, several attempts to turn to the resistance were unsuccessful. However, the one-minute bull flag forming on the STF raises hopes for a significant uptrend towards $20.
As we have mentioned in the analysis ofKriptokoin.com, BNB Coin (BNB) is among the altcoin projects that silently record milestones without attracting attention. Since it started with a bull run, BNB has continued its trend above the uptrend line and gradually approached the strong resistance zone. It has failed to stay at these levels before, but this time it seems that BNB price could break the consolidation and quickly reach $500.
AVAX price is still consolidating inside a huge symmetrical triangle and along the lower support zone. According to the analyst, the price may bounce back from the lower support shortly after that and head towards the first target at $100. However, to do so, AVAX price must break the key resistance at $95.80.
Shiba Inu (SHIB) price is struggling to climb above the key resistance around $0.00002545. After the price breaks through the key levels, it should continue without falling below these levels. From here, a strong rise could begin towards $0.00002750, which can be considered a safe zone to break above $0.00000300.
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