Polkadot, Binance Coin & Terra — Asian Wrap 25 October

Polkadot price might be setting up for a flash crash scenario. For the month, the DOT price is down 8%. However, the bears seem to be developing momentum as large bearish engulfing candlesticks accompanied by upticks in the volume are noticed within each declining rally.

Binance Coin price remains in bullish territory on the Relative Strength Index after pumping to extreme overbought territory. The bulls have breached and retested the 8-day exponential moving average. Invalidation of the bullish thesis is a breach below $270.

Terra’s Luna Classic price is starting the final trading week of October on a bad foot. On October 24, the digital currency has been overcome by a bearish onslaught.  During the weekend, LUNC price witnessed an applaudable uptrend bringing the market value up 10%.