Cryptocurrencies Price Prediction: Polygon, ApeCoin & Decentraland — Asian Wrap 25 Mar

FXStreet Team FXStreet

MATIC price rally to pause at $1.80 0before continuing higher

MATIC price action has moved inside the Ichimoku Cloud for the first time since January 20, 2022, giving bulls hope that further expansion moves higher may continue. However, the $1.80 zone may temporarily halt the current rally. Downside risks continue to decrease but remain a concern in the near term.

ApeCoin price to present buying opportunity at $12

ApeCoin price continues to slide steadily south after reaching the much anticipated $14.50 value area. While buyers are attempting to establish a support zone near $13.50, the participation thus far has been weak, indicating a deeper retracement is increasingly likely.

Decentraland price rally hits curb at $2.70, with uptrend still intact

Decentraland (MANA) price is on a winning streak after booking a fourth consecutive day of gains. This morning, bulls tried to break the 55-day Simple Moving Average (SMA) at $2.70 but failed after receiving a firm rejection. Although a fade is quite normal after such a rejection, assuming bulls can eke out gains, the rally is still likely to be considered live.

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Ripple Price Forecast: XRP recovery dims as demand cools

Ripple (XRP) maintains narrow range trading on Monday, with support at $1.10. The token's upside remains largely constrained, as major moving averages trend downward, aligning with low demand in both the institutional and retail markets.

Crypto Today: Bitcoin, Ethereum, XRP hold key support as US and Iran agree to halt strikes

Bitcoin (BTC) maintains a neutral-to-bullish outlook, trading above $65,000 on Monday. Ethereum (ETH) is approaching the key supply and inflection point $2,000, while Ripple (XRP) hovers slightly above $1.10, underscoring a marginal improvement in the broader cryptocurrency market sentiment.

Shiba Inu Price Forecast: The three factors driving SHIB's mystery rally

Shiba Inu (SHIB) price is down 3% on Monday, reflecting a potential profit-driven pullback after rising over 25% over the last two days. The mystery rally in SHIB has outpaced the minor recovery seen in other meme coins, with data suggesting it is linked to supply burns, the Korean market demand, and ecosystem expansion.

Bitcoin options traders are dropping their hedges going into the Fed meeting

Bitcoin's options market has turned notably less defensive over the past month, unwinding the downside protection traders built up in June just as the Federal Reserve prepares to meet.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.