Cryptocurrencies Price Prediction: Luna Classic, Polygon & Bitcoin — Asian Wrap 18 November

FXStreet Team FXStreet

Social media dominance meters suggest further LUNC price decline

Terra's Luna Classic price (LUNC) heads south in a stair-step fashion. Currently, the technicals are at a make-or-break point. The next move will likely define the otucome for the remainder of the week. Key levels have been identified to gauge LUNC's next potential move.

Polygon ranks third in top DeFi projects by revenue; what this means for MATIC price

Polygon ranks third in top DeFi projects, based on its revenue. Polygon has witnessed a spike in user activity following the FTX exchange crash and bankruptcy. Analysts retain their bullish outlook on MATIC price, the token of the Ethereum-scaling solution.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bears sharpen their knives as the market braces for pain

Bitcoin price is showing concerning technicals during the third trading week of November. Following the sharp decline witnessed earlier in the month, the anticipated bounce many traders have hoped for has succumbed to a bearish stronghold.

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FXStreet Team

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.