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

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

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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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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