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Cryptocurrencies Price Prediction: Bitcoin, Dogecoin and Polygon – European Wrap 3 October

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto markets could trap bears soon

Bitcoin price seems to be consolidating and forecasts a tiny rally as it approaches the lower limit of the ongoing range tightening. This development could see altcoins, including Ethereum and Ripple, trigger a quick run-up as well.

BTC/USD 1-day chart

Dogecoin Price Prediction: DOGE to revisit $0.65 to rebalance inefficiency

Dogecoin price underwent a tight consolidation between September 28 and 30, which eventually resulted in an explosive move up that collected the buy-stop liquidity resting above the September 27 swing high. This move quickly ran out of steam, however, and was followed by a reversal that knocked DOGE down to retest the aforementioned equal lows.

DOGE/USDT 4-hour chart

Polygon price fluctuates in pennant rage, with bearish breakout on the horizon for MATIC

Polygon (MATIC) price gets underpinned this Monday morning as markets find themselves rattled yet again at the start of the trading week. Effects are rippling as the UK chancellor, Kwasi Kwarteng, makes a U-turn on a sensitive element of his budget proposal after heavy criticism  from both the US and even the IMF. With the pound sterling strengthening a bit, triggering some dollar weakness, cryptocurrencies are benefiting from  the weakness in the dollar, triggering a few modest gains. 
MATIC/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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