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Cryptocurrencies Price Prediction: MATIC, Litecoin & Uniswap – American Wrap 02 May

Uniswap price crashing by 15% in two weeks has led to UNI holders resorting to this

Uniswap price has had a rather dull time over the last two months, which is beginning to bear a negative impact on the altcoin’s loyal holders. While the altcoin is bound to follow the broader market cues, the lack of movement at the hands of investors might be holding UNI back from noting gains.
UNI/USD 1-day chart

Polygon's (MATIC) price signaled a not-so-bright story with its opening price action on Monday in the ASIA PAC session. With the always-important 200-day Simple Moving Average (SMA) now being pulled into the bear camp as a cap, more downside looks granted. As MATIC has already plunged toward current support, more downside is more than likely as a few tail risks start to inflate again.

MATIC/USD  4H-chart    

Litecoin community proposes experimental standard less than 100 days away from halving, what to expect

Litecoin community members are testing a new experimental standard on the blockchain, LTC-20. The community has launched a test token, after a fork from the BRC-20 standard that gained popularity with Ordinals launch on the BTC blockchain. 
 

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Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin fell below $75,000 on Tuesday, after recording its lowest weekly close since August as selling pressure pushed recent buyers into losses. Short-term holders are approaching their break-even levels, while realized losses have increased relative to profits, according to Monday’s Glassnode Market Pulse.

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol shows resilience above $3.50 on Tuesday, following the previous day’s rebound from the $3.40 support level. Muted institutional investor interest and a steady decline in retail demand, along with a negative Coinbase premium and outflows from NEAR futures, weigh on the AI token.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong
Ripple (XRP) and Stellar (XLM) remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.
Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss
Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.