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Cryptocurrencies Price Prediction: Avalanche, Polygon and Shiba Inu – European Wrap 22 Wrap

Two reasons why AVAX price will break past $100

AVAX price shows impressive recovery over the past week as it has flipped multiple vital resistance barriers into a foothold. This development sets the stage for further gains that could push Avalanche to its all-time high and beyond.

AVAX/USDT 4-hour chart

MATIC price presents a long entry trigger at these lows

MATIC price created a ceiling at a crucial level and has been in a downtrend ever since. The recent bounce established a local top, but investors can expect a minor retracement toward a support confluence to trigger massive buying pressure.

 
MATIC/USDT 6-hour chart

Shiba Inu price targets $0.000028 amid renewed interest

Shiba Inu (SHIB) price sees bulls picking up the short backslide from Monday when bulls let bears run price action back below the red descending trend line. Today a shift in sentiment is rolling through markets, with the stock market showing broad gains across the board and across several time zones. With the Relative Strength Index (RSI) ticking higher again, the best signal bulls could deliver to markets would be a daily close above the 55-day Simple Moving Average (SMA) which would mean over 10% gains for the trading week.

SHIB/USD daily 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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XRP turns bearish as US inflation jitters hit crypto

Ripple is stuck in a bearish trend, trading near $1.30 on Thursday. The remittance token’s bearish shift reflects the broader cryptocurrency market, which remains under heavy selling amid concerns about accelerating inflation in the US.

Pi Network extends losses ahead of Protocol v28 Mainnet upgrade

Pi Network (PI) trades around $0.0780 at press time on Thursday, rising from $0.0740 earlier in the day. Pi Mainnet is scheduled for the Protocol v28 upgrade on Friday, focusing on data handling and smart contract maintenance.

Crypto Today: Bitcoin, Ethereum and XRP test short-term support amid market-wide selling

Cryptocurrency prices remain under intense selling pressure on Thursday, with Bitcoin struggling to hold above $81,000 after testing its key demand area near $80,000. Ethereum reflects Bitcoin’s weakening technical outlook, edging lower below $2,400.

Bitcoin slips below $81,000 amid inflation fears, ETF outflows

Bitcoin extends losses, slipping below $81,000 on Thursday as hotter-than-expected US inflation data weigh on market sentiment. Institutional demand weakens as BTC spot ETFs recorded an outflow of over $261 million on Wednesday.

Bitcoin: Uptober or Rektober?
Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.