Cryptocurrencies Price Prediction: Polygon, Arkham & Avalanche — Asian Wrap 03 June

FXStreet Team FXStreet

Whales are quietly sizing up on this Ethereum Layer 2 token

During times of muted volatility, it is better to be in the trenches instead of figuring out if and what button you should be clicking. And whales are doing exactly that with Polygon (MATIC), a well-known Ethereum Layer 2 token.

Arkham price consolidation could yield fruitful double-digit returns

Arkham (ARKM) price has shown signs of consolidation that could easily propel higher. Due to the current volatility, it is unlikely to break out without providing an accumulation opportunity.

Here’s why AVAX price crash could be a blessing in disguise

Avalanche (AVAX) price action shows no signs of a directional bias as it moves sideways. The optimism generated due to the breakout attempt on May 20 has died down as AVAX continues its descent. But patient buyers might be rewarded soon.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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