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Cryptocurrencies Price Prediction: ApeCoin, Polygon and Terra – European Wrap 19 May

How this fakeout could trigger ApeCoin price to rally 60%

ApeCoin price is preparing for an upswing but the recent breakdown has caused many buyers to go to the sidelines. The breakdown from a bullish pattern, however, could be a tactic used by smart money to collect liquidity before an explosive ascent.

APE/USDT 2-hour chart

MATIC price could rally 55% as bulls challenge bears

MATIC price  is hovering below a critical resistance level that has prevented gains. If bulls manage to conquer this barrier, the chances of an uptrend will improve drastically, allowing Polygon to trigger a quick run-up.

 
MATIC/USDT 3-day chart

Is Do Kwon going to get arrested after Terra's LUNA price collapse?

The collapse of Terra's LUNA price and algorithmic stablecoin TerraUSD (UST) has sparked outrage in the crypto community. Institutions and retail investors suffered significant losses when $40 billion in LUNA and UST’s market value was destroyed within a week. Do Kwon, CEO of Terraform Labs, is in the midst of all the anger, and legal issues are starting to surround him.

LUNA and UST three-day chart

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Hyperliquid eyes $30 breakout despite declining staking balance

Hyperliquid is trading above $28.00 at the time of writing on Wednesday, after rebounding from support at $27.50. The broader cryptocurrency market is characterised by widespread intraday losses ahead of the Fed monetary policy decision.

XRP dips toward $2.00 as crypto market anticipates Fed decision

Ripple is grinding lower, trading at $2.06 at the time of writing on Wednesday, reflecting risk-off sentiment across the cryptocurrency market ahead of the Fed monetary policy decision.

Crypto Today: Bitcoin, Ethereum hold steady as XRP struggles ahead of Fed rate decision

Bitcoin holds above $92,000, supported by ETF inflows and hopes of a potential Fed interest rate cut. Ethereum rises above the 50-day EMA as the MACD and RSI signal a bullish turnaround. XRP trades under pressure as sellers target $2.00 support despite mild ETF inflows.

Bitcoin holds $92,000, primed for volatility as Fed decision looms

Bitcoin price approaches key resistance at $94,253, a breakout above this level could trigger further upside momentum. BTC may see heightened volatility as the Fed is set to announce its monetary policy decision and forward guidance.

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Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.