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Cryptocurrencies Price Prediction: MATIC, Stellar & Shiba Inu – American Wrap 09 June

Cryptocurrencies Price Prediction: MATIC, Stellar & Shiba Inu – American Wrap 09 June
FXStreet TeamFXStreet TeamFXStreet

MATIC price ready to surge to $2.20 as Polygon trend reverses

MATIC price has been slowly declining and is down by 42% following the swift rebound to the reaction high of $2.43 from the May correction. While Polygon price action appears to be heading south, the Ethereum-based scaling cryptocurrency is raising the probability of a sharp trend reversal to the upside. 

XLM price shows strength above $0.36, releasing Stellar for a 30% rally

XLM price struck support at the 61.8% retracement level yesterday before rebounding to close positive on a day that initially looked bearish for the cryptocurrency complex. Until Stellar can close above yesterday’s bullish hammer candlestick pattern, the outlook is neutral.

SHIB Price Prediction: Shiba Inu looks primed for reversal

SHIB price has been on a descending trend for more than a week as it shed almost half of its gains. This downswing saw a reversal as it tagged a range low and is hinting at a move toward equilibrium.

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