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Cryptocurrencies Price Prediction: ApeCoin, Crypto.com & Polygon Coin — Asian Wrap 11 May

Cryptocurrencies Price Prediction: ApeCoin, Crypto.com & Polygon Coin — Asian Wrap 11 May
FXStreet TeamFXStreet TeamFXStreet

ApeCoin price hints at diminishing returns for several weeks

ApeCoin price could go range bound and produce further drops throught spring and summer. There may be better performing digital assets in the coming weeks to keep an eye on. ApeCoin price is signaling a disappointing statement as the bears have managed to establish a settling price below the triangle apex at $12.

Crypto.com finds subtle support hinting at a 40% rally towards $0.31

Crypto.com price shows subtle bullish signals as the crypto arena awaits the May 11 United States Inflation report. CRO price has touched the parallel channel median line for the first time since the 40% rally forecasted in March.  The first touch of any significant trend line is usually the catalyst before the most substantial price spike occurs. 

MATIC price to shock bears with a violent spike to $1.40

MATIC price has jumped a considerable amount today, a somewhat unexpected occurrence. Monday’s price action resulted in the greatest daily sell-off since May 19, 2021 - nearly one year ago. Aggressive buying opportunities are now present. 

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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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Bitcoin hits $85,000 as rally gains momentum, but liquidity risks linger

Bitcoin hits $85,000 as rally gains momentum, but liquidity risks linger

Bitcoin claims the $85,000 level on Monday after gaining 5.64% and closing above the 50-week SMA at $78,200 the previous week. US-listed spot Bitcoin ETFs recorded mild $6.21 million inflows last week, showing resilience despite the CLARITY Act setback and hawkish Fed outlook.

Ripple extends rally toward $1.50 as derivatives activity rises despite ETF outflows

Ripple extends rally toward $1.50 as derivatives activity rises despite ETF outflows

Ripple (XRP) holds a strong bullish picture, rising to trade near $1.50 on Monday. The remittance token marks four consecutive days of gains, supported by robust momentum indicators and increased risk appetite in the broader cryptocurrency market.

Crypto Today: Bitcoin, Ethereum, XRP hold bullish outlook amid improving ETF inflows

Crypto Today: Bitcoin, Ethereum, XRP hold bullish outlook amid improving ETF inflows

Cryptocurrencies are broadly rising on Monday, led by Bitcoin’s (BTC) surge to $85,000. Altcoins are following BTC’s bullish trend, with Ethereum (ETH) trading above $2,700 and Ripple (XRP) holding steady at $1.47.

Pi Network rebound gains steam on broader market recovery

Pi Network rebound gains steam on broader market recovery

Pi Network is up 4% on Monday, advancing its near-term recovery after a 2% rebound the previous day. The broader cryptocurrency market's recovery, with Bitcoin hitting an eight-month high of $85,000, is boosting investors’ risk appetite for high-risk crypto assets like the PI token.

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.