|

Cryptocurrencies Price Prediction: AVAX, Polygon & Solana — Asian Wrap 21 Oct

AVAX to present buy opportunity before surging to $125

AVAX price initially broke down below the prior rising wedge back on September 29th. Since then, AVAX has experienced a downtrend before entering into its current consolidation range. However, given Bitcoin's rally to new all-time highs, AVAX looks to end the consolidation and enter a new mark-up phase.


 
MATIC price continues to consolidate, breakout towards $3 likely

MATIC price action has been lacking compared to its peers – but that is about to change. It once dominated the social media and speculation space for cryptocurrencies. However, signs show that attention will once again be focused on MATIC.

Solana finds support that could catapult SOL to $200

Solana price is showing clear rejection by buyers to any threat of downside pressure. However, bulls have responded strongly to launch Solana away from nearby bearish breakout levels.Bitcoin's momentum to benefit Solana price action.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Pi Network holds on thin ice with 76 million tokens ready to be unlocked

PI is holding steady around $0.1150 on Wednesday, stabilizing after three consecutive days of losses of around 10%. Pi remains under pressure, with more than 76 million tokens scheduled for unlocking in June, potentially accelerating the bearish trend.

Bitcoin sinks to 21-month low amid ETF outflows, US-Iran peace uncertainty

Bitcoin stabilizes around $59,000 after falling to a 21-month low of $57,800 on Wednesday. Geopolitical uncertainty remains elevated after Iran ruled out talks with US envoys, clouding prospects for a peace agreement and keeping risk sentiment fragile.

Jupiter positions for a trend reversal as network activity picks up

Jupiter is up 6% on Wednesday, crossing above its 200-day EMA at $0.2192. Network data shows a spike in monthly revenue and fees in June to a three-month high.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin has remained under pressure this past week, losing over 5% as traders assess mixed signals from different parties involved in the Middle East conflict.