|

Cryptocurrencies Price Prediction: Matic, Stellar Lumens & Cardano — Asian Wrap 03 May

MATIC Price Prediction: Polygon comes dangerously close to invalidating its bullish outlook

XRP price sketching a bullish inverse head-and-shoulders pattern on the intra-day charts. All key moving averages remain in uptrends, supporting rebound continuity. Ripple investor endorses rumors of Ripple going public after SEC case resolution.

XLM Price Prediction: Stellar sets up swing high but fails to turn bullish

XLM price surged nearly 13% from the previous swing low to set up a higher high at $0.547. The recently formed swing high failed to break above crucial resistance levels at $0.551 and $0.566, signaling weak buying pressure. A 10% pullback to the immediate support barrier at $0.4729 seems likely.

Cardano Price Forecast: ADA consolidates before establishing a clear trend

Cardano price shows the exhaustion of bullish momentum that is resulting in sideways movement. As ADA price tries to establish a clear trend, a minor retracement to the immediate demand barrier ranging from $1.19 to $1.25 seems likely.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.
XRP falls toward key support as macro uncertainty, weak momentum cap recovery
Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.
Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks
The broader cryptocurrency market is rising on Friday, with Bitcoin (BTC) trading above $77,000 after testing lower support near $76,500. Ethereum (ETH) shows signs of stability, hovering above the support provided at $2,400 despite capped upside at $2,500. Meanwhile, Ripple (XRP) holds above $1.33 after three straight days of declines, reflecting growing headwinds due to macroeconomic uncertainty.
Bitcoin pulls back as another golden cross fails to deliver
Earlier this week, Bitcoin formed a golden cross, a technical signal that occurs when the price’s 50-day moving average rises above the 200-day moving average and is conventionally viewed as a precursor to a bullish rally. Historically, however, that’s often not been the case.
Bitcoin: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.