Cryptocurrencies Price Prediction: Polkadot, Axie Infinity & Stellar Lumens — Asian Wrap 14 Oct

FXStreet Team FXStreet

Polkadot price to target $100 if DOT holds above crucial support

Polkadot price has formed a double-top with the highs formed near $38 precisely one month ago. It is now trending lower with significant selling pressure over the past three trading days – but buyers have stepped in to keep the bodies of the daily candlesticks above the Tenkan-Sen. Polkadot price is at an inflection point that will likely dictate the trend over the next thirty days.

Axie Infinity weakens, AXS to test $70 as support

Axie Infinity price is little changed since hitting its new all-time high on October 4th. It has dropped below the Tenkan-Sen, but it remains above the Kijun-Sen and has found support against that level over the past two days. A move below the Kijun-Sen to test the Senkou Span B (strongest support) level is increasingly likely.

XLM price breaks below key support as bears return

Since the end of September, Stellar (XLM) price action has been on an uptrend, with bulls getting capped just below the 200-day Simple Moving Average (SMA) at $0.37. Price action started to fade quickly on Monday, with the body of the candle not being able to get above the 38.2% Fibonacci level at $0.35.

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XRP extends recovery as on-chain activity grows

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

Ethereum Price Forecast: ETH continues July uptrend with 20% rise after triggering buy signal

Ethereum (ETH) has gained 3% on Tuesday, extending its July gains above 20% after key on-chain indicators highlighted a resumption of buying activity. The strong performance so far in July comes a few days after ETH triggered the Market Value to Realized Value (MVRV) Buy signal. ETH has been up by roughly 22% since the signal.

Chainlink becomes top 20 best performer, 3 reasons behind the move

Chainlink (LINK) has become the best-performing asset in the top 20 this week, leading every other major cryptocurrency. The cryptocurrency jumped 10.18% to $8.71, its highest level since early June. Three major factors explain the double-digit rise over the past week.

Crypto Today: Bitcoin, Ethereum, XRP extend rebound amid returning institutional capital inflows

Cryptocurrency prices extend a broad recovery, led by Bitcoin (BTC), trading above $66,000 at the time of writing on Tuesday. Ethereum (ETH) remains bullish above $1,940, after logging four straight days of gains. Meanwhile, Ripple (XRP) hovers around $1.13, building on the reclaimed $1.10 critical level.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.