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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FXStreet Team

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Ripple ticks up as buyers re-engage

Ripple trends higher at the time of writing on Thursday, trading above $1.12. The cross-border remittance token seeks to erase a persistent downtrend that has weighed on the price since mid-May, as investors navigated geopolitical tensions in the Middle East.

Crypto Today: Bitcoin, Ethereum, XRP rebound broadens despite continued US-Iran strikes

Bitcoin steadies its recovery on Thursday, edging higher toward $63,000 despite incessant capital outflows. Meanwhile, altcoins, including Ethereum and Ripple, exhibit subtle rebound signs, trading above $1,650 and $1.12, respectively.

Bitcoin stages modest rebound ahead of US PPI data

Bitcoin recovers slightly, trading above $62,500 on Thursday after three consecutive days of losses. US-listed spot ETFs recorded outflows of $213.85 million on Wednesday, indicating persistent withdrawals amid renewed US-Iran tensions.

Pi Network: Recovery at risk with 16 million PI tokens ready for unlock

Pi Network edges higher on Thursday after three days of consecutive losses earlier this week, extending the prevailing downtrend since late April. The scheduled unlocking of 16 million PI tokens on Thursday could add pressure to the intraday recovery.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.