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Cryptocurrencies Price Prediction: ApeCoin, Polygon & Dogecoin — Asian Wrap 31 May

Cryptocurrencies Price Prediction: ApeCoin, Polygon & Dogecoin — Asian Wrap 31 May
FXStreet TeamFXStreet TeamFXStreet

ApeCoin price shows reasons to jump in early

The NFT-inspired token price could continue advancing as the technicals hint at a potential bottom. The ERC-20 governance and utility token may have printed a subtle bottoming pattern this weekend as the price has breached a parallel trend channel. 

Polygon Networks' MATIC price presents a profitable opportunity

MATIC price hints at a rally in the coming days as the Polygon Network may have bottomed over the weekend. MATIC price is displaying reasons to believe in a 30% bull run in the coming days.  The self-proclaimed Ethereum transaction solution coin may have printed its final bottom over the weekend at $0.55. 

Dogecoin price is positioned for a charge back to $0.11

Dogecoin price has begun an uptrend move mentioned in last week’s thesis. The next target of $0.11 has newer investors allocating some of their portfolios to the notorious dog coin. Dogecoin price shows bulls are re-entering the market. 

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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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XRP pullback tests $1.40 support amid Ripple Prime product suite expansion

XRP pullback tests $1.40 support amid Ripple Prime product suite expansion

Ripple extends lock-step trading for the third straight day on Friday, as support at $1.40 comes under pressure. The remittance token has remained largely in defense mode since last week’s 72% rally from $1.00 to highs around $1.70.

Crypto Today: Bitcoin, Ethereum, XRP rally loses steam despite steady ETF inflows

Crypto Today: Bitcoin, Ethereum, XRP rally loses steam despite steady ETF inflows

Bitcoin is back below $80,000 at the time of writing on Friday, after a second attempt at breaking resistance between $81,000 and $82,000. Meanwhile, Ethereum and Ripple mirror Bitcoin’s cooling trend, with ETH sliding to $2,500 and XRP falling toward $1.40 support.

Bitcoin Weekly Forecast: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin Weekly Forecast: Billions in ETF inflows push BTC toward decisive breakout

Bitcoin rises over 2% this week, holding near $80,000 after testing the 50-week SMA at $81,114. US-listed spot Bitcoin ETFs are on track for a second straight week of billion-dollar inflows, with $1.13 billion recorded through Thursday.

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Hyperliquid Price Forecast: HYPE rally stretches thin amid treasury growth, CFTC innovation push

Hyperliquid (HYPE) is down 2% on Friday after reaching a record high of 86.75 the previous day. Nasdaq-listed Hyperliquid Strategies Inc (PURR) raised almost $650 million in an equity deal to increase its HYPE holding to 29.3 million tokens.

Bitcoin: The US Treasury saves BTC

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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.