Cryptocurrencies Price Prediction: Bitcoin, Stellar, Matic – American Wrap 31 August

Experts believe Bitcoin will form a “double bubble” before prices retrace

Analysts dismissed Bitcoin's sideways price action from last week, considering that the asset has surged nearly 60% in the month leading up to the horizontal price movement. Experts argue that BTC will have another leg up before concluding its 2021 bull run. 

XLM Price Prediction: Stellar buyers are ready for the opportunity to profit

Stellar (XLM) is in a classic bearish trend, with the red descending trend line acting as the backbone for the trade short sellers are in. The XLM price descent comes after hitting the high on August 16 at around $0.41. Since then, the highs kept getting lower, and the R1 monthly resistance at $0.32 quickly showed its support, holding price action up.

MATIC Price Prediction: Polygon hangs by a thread

Polygon (MATIC) is on the verge of breaking lower as buyers try to support price action at $1.32. Buyers have two good reasons to get in here. The volume, however, shows buyers are not convinced that this is the right time.