Cryptocurrencies Price Prediction: Decentraland, Polygon & Bitcoin — Asian Wrap 23 Feb
Decentraland poised for massive breakout if bulls can close MANA above $2.85
Decentraland price could generate some major surprises across the entire cryptocurrency space. Despite six days of losses, it has maintained support within the Ichimoku Cloud and is now poised for a strong bullish breakout. Downside risks exist and could be extensive if support fails.
MATIC bounces big as Polygon bulls target return to $1.70
MATIC price has developed a strong buying response as it approached the 100% Fibonacci Expansion near $1.40. However, the drip below the support zone at $1.48 was a very bearish event and could be a precursor to moves that would return Polygon to the $1.20 zone.
Brazil’s Economic Affairs Committee approves bill to regulate Bitcoin, hits key milestone
Brazil’s Economic Affairs Committee has approved a cryptocurrency bill for Bitcoin regulation; this is a key first step in the asset’s adoption. The bill could drive cryptocurrency usage in Brazil. Brazil is keen on regulating cryptocurrencies.
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