Cryptocurrencies Price Prediction: Polygon, Shiba Inu & Ripple — Asian Wrap 10 June
|MATIC Price Prediction: Polygon steadies for a 70% rally
MATIC price is resisting the notable Bitcoin price strength today. Instead, Polygon is flat at the time of writing, showing a lack of faith in the rally of the bellwether cryptocurrency. As long as support at the 50-day SMA remains active, MATIC price should be positioned to resume the advance from the May 23 low.
Three reasons why Shiba Inu price may be ready to rally
Shiba Inu price decline has not been matched by increasing volume, suggesting it is not token specific. ShibaSwap decentralized cryptocurrency exchange (DEX) in testing mode, to be released to the public soon. Social volume stabilizes during another period of price weakness.
XRP price spike from critical support hints at a 20% rally
XRP price built a bullish hammer candlestick pattern yesterday as the cryptocurrency complex experienced a new wave of selling pressure. Today, Ripple is endeavoring to continue the rebound, but it needs a daily close above the hammer high to trigger a unique trading opportunity for investors.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.