Cryptocurrencies Price Prediction: Axie Infinity, Polygon & Crypto.com — Asian Wrap 10 Jan
Axie Infinity mean reversion setup will see AXS return to $85
Axie Infinity price has followed the broader market lower, with little buying activity or support coming in. The most recent bounce off the $72 value area is where the second largest high-volume node exists. Extreme oversold conditions in the AXS oscillators support a short-term bounce.
MATIC at a make-or-break level that could see Polygon drop to $1.50
MATIC price action has undoubtedly faced massive pressure since hitting new all-time highs less than two weeks ago. As a result, the return inside the rising wedge quickly turned into a solid bearish event which could portend significant bearish price action in the future.
Crypto.com finds key support as CRO eyes a bullish retaliation to $0.55
Crypto.com price experiences a strong bounce after hitting a critical Fibonacci expansion zone. However, whether the bounce will yield a resumption of the prior uptrend is not yet known. Critical resistance levels are to be tested before any confirmation of a new uptrend can occur.
Author
FXStreet Team
FXStreet
