Cryptocurrencies Price Prediction: Polygon, Yearn Finance & Decentraland — Asian Wrap 28 Dec
|MATIC hits new all-time highs, a pullback to $2.50 expected
MATIC price has resumed its extremely bullish momentum above a prior rising wedge, extending the gains to just shy of the critical $3.00 price level. MATIC price to hit $3.00, then retrace to $2.50 before making another run towards new all-time highs. MATIC price action has been a leader of the entire cryptocurrency space thus far for December.
Yearn Finance faces a bull trap that will push YFI to $25,000
Yearn Finance price action is developing a particularly bearish chart pattern in the form of a head-and-shoulders pattern on its $250/3-box reversal Point and Figure chart, warning of a nearly 25% drop coming up. Yearn Finance price has been stuck inside the Ichimoku Cloud n the daily chart since December 22.
Decentraland to retest $3.25 as MANA consolidation continues
Decentraland price maintains a value area above the most recent lows in the $3.00 price range. However, since entering the Cloud on December 17, its ability to maintain a bullish drive is now in question. Decentraland price, while consistently rising over the past two weeks, is at risk of moving lower.
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.