Cryptocurrencies Price Prediction: Axie Infinity, Polygon & Dogecoin – American Wrap 20 September

FXStreet Team FXStreet

Axie Infinity price breaks through support, targeting $44

Axie Infinity (AXS) price action is tilted to the downside as sentiment in AXS soured during the weekend. The break of the supportive 55-day Simple Moving Average (SMA) got broken to the downside at $64 and has turned into resistance in today's trading session. Further downside is eyeing $51.91 as the next profit-taking level for bears in Axie Infinity.

MATIC price enters bear triangle with potential 10% drop

Polygon (MATIC) was on the path to recovery when price action rolled over this weekend. MATIC price bounced off a red descending trend line and has pushed Polygon to the downside quite quickly. Market turmoil this Monday is causing headwinds for all cryptocurrencies as investors flee to safe havens.

Dogecoin price reaches key support, suggesting a 40% rebound for DOGE

Dogecoin price has been lacking volatility for the past 11 days, but the recent sell-off seems to have reintroduced it, leading to a breakdown of the immediate support floor. While a bounce from the current position is likely, investors should be wary of another downswing.