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Cryptocurrencies Price Prediction: Polygon, ApeCoin & Bitcoin — Asian Wrap 12 October

Cryptocurrencies Price Prediction: Polygon, ApeCoin & Bitcoin — Asian Wrap 12 October
FXStreet TeamFXStreet TeamFXStreet

Why Investors may want to prepare for a discounted MATIC price

MATIC price fails to break through the upper boundary of the trend channel twice. The rejection occurred at a crucial bearish level on the Relative Strength Index after climbing back from oversold territory. Invalidation of the bearish thesis is a breach above $0.86.


Is ApeCoin price aiming for new lows?

ApeCoin price is currently down 14% for the month of October. The Ethereum-based token witnessed a sharp decline during the start of the second trading week of October, as the bears rejected upward movement from the 8-day Exponential Moving Average.


Top 3 Price Prediction Bitcoin, Ethereum, Ripple: The start of a larger decline

Bitcoin price is currently trading at $19,100. The bears have breached the 21-day Simple Moving Average (SMA) to start the second week of October. Losing support from the key indicator suggests the current 8% decline is only the start of what's to come.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Cardano Price Forecast: ADA risks steeper decline amid easing retail demand 

Cardano Price Forecast: ADA risks steeper decline amid easing retail demand 

Cardano is trading in the red on Thursday, with roughly 10% losses so far this week, suggesting capitulation after last week’s 30% rally. Waning retail demand in ADA futures amid declining Open Interest and funding rates suggests capitulation speculation. The technical outlook for ADA is bearish, with bears targeting the 50-day Exponential Moving Average at $0.1899.

Top Altcoins Price Forecast: Ripple eases to $1.40, Solana hits $100, DOGE capped below $0.10

Top Altcoins Price Forecast: Ripple eases to $1.40, Solana hits $100, DOGE capped below $0.10

Ripple and Dogecoin are facing downside pressure after double-digit gains last week, while Solana extends its rally to $100. The technical outlook for XRP, SOL, and DOGE points to potential upside as the broader market sustains a risk-on sentiment.

Ethereum Price Forecast: Derivatives demand cools after short squeeze-led rally

Ethereum Price Forecast: Derivatives demand cools after short squeeze-led rally

After Ethereum gained over 30% last week, bulls have begun dominating its net taker volume. The 30-day moving average of the metric flipped positive last week, indicating immediate market activity in perpetual futures leans toward the upside.

Crypto Overview: Bitcoin holds at $78,000 amid US PCE surprise – SPX6900, VeChain rally

Crypto Overview: Bitcoin holds at $78,000 amid US PCE surprise – SPX6900, VeChain rally

The broader cryptocurrency market maintains a constructive tone, with Bitcoin sustaining gains above $78,000 on Thursday. The US July Personal Consumption Expenditures (PCE) Price Index inflation came in higher than expected on Wednesday, suggesting that inflation remains elevated. SPX6900 and VeChain recorded double-digit gains over the last 24 hours, emerging as top performers.

Bitcoin: The US Treasury saves BTC

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.