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Cryptocurrencies Price Prediction: Polygon, Avalanche & Shiba Inu — Asian Wrap 28 October

Cryptocurrencies Price Prediction: Polygon, Avalanche & Shiba Inu — Asian Wrap 28 October
FXStreet TeamFXStreet TeamFXStreet

Polygon partners with cross-chain communication medium Axelar to connect Polygon Supernets

Polygon's prosperity in the crypto market seems to be extending as the DeFi chain is improving on cross-chain infrastructure. Building on the same, Polygon joined hands with Axelar, known for delivering secure cross-chain communications to bring cross-chain interoperability to the Polygon Supernets.


Is Avalanche price setting up for another sell-off?

Avalanche price shows a bearish divergence between current highs and the highs established in September near $22. The Volume Profile Indicator shows the current uptrend as less powerful than the previous decline. This thesis remains neutral based on the factors mentioned below.


Shiba Inu Price Prediction: SHIB could rally another 20% based on these factors

Shiba Inu price took the market by surprise as a 20% rally unfolded early in the week. Key levels have been identified to gauge a potential entry before the uptrend continues. Shiba Inu price rallied in applaudable fashion as the notorious meme coin pulled off a stunning 20% rally. 

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Pi Network Price Forecast: Bearish streak nears critical support trendline

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Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.