Cryptocurrencies Price Prediction: Polygon, Shiba Inu & Ripple — Asian Wrap 26 July
|MATIC Price Prediction: Polygon prepared to take the pole position
MATIC price climbed the cryptocurrency market leadership board on July 21 with a 29% gain. The bounce followed a test of the 200-day simple moving average (SMA) and an oversold reading on the daily Relative Strength Index (RSI). However, Polygon has not capitalized on the rebound, offering a 2% return over the last four days as it stumbles with the resistance inherent in the June 22 low of $0.92.
Shiba Inu Price Forecast: SHIB has a lot to prove before bull’s ambitions can dominate
Shiba Inu price has been filled with complications, each turn higher diffused by heavy organic selling pressure or a general risk-off trend in the cryptocurrency market. The July 21 spike higher, reaching 20% at one point, did break the downtrend beginning July 6. Still, SHIB investors have not generated a follow-through, opting for a drift lower in a minor descending parallel channel.
XRP price ambitions obstructed, as Ripple reveals a 30% range of imposing resistance
XRP price has recorded a muted rebound after reaching an oversold reading on the daily RSI, trailing the three-day bounces recorded at the beginning of June or late May and casting doubt on the commitment and emotion behind the jump from the July 20 low. Therefore, as long as Ripple changes hand below the critical May 23 low of $0.652, the forecast remains neutral.
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