Cryptocurrencies Price Prediction: Polygon, Cardano & Terra — Asian Wrap 23 June

FXStreet Team FXStreet

Polygon’s MATIC price could even fool top-tier traders, here’s why

MATIC price has fallen in nearly a straight shot since January’s all-time high at $2.92. The bulls were likely expecting a countertrend rally to ensue by now as the scaling-solution token has fallen below the breached parallel trend channel.

Cardano price will reward those who wait; this scenario must play out first

Cardano price is still too early to call, a dollar-cost averaging approach could succumb to substantial losses in the short term. Cardano price shows bearish signals, which may steer investors away from dollar-cost averaging the self-proclaimed Ethereum Killer Smart Contract token.

How a sell-off in US commodities provides headwinds for Terra’s LUNA 2.0 price

Terra (LUNA) price is coming under scrutiny as the last asset class set to fall from recession fears and inflation persistence rolls over. After the stock markets entered a bear cycle and bonds already took a beating, the last castle standing is the commodity super cycle.

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FXStreet Team

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Crypto Overview: Bitcoin stabilizes above $65,000, as Zcash and Worldcoin lead broader recovery

Bitcoin shows signs of recovery, trading above $65,000 on Monday, as the broader crypto market rebounds, fueled by improving sentiment following the United States (US) and Iran's confirmation of a preliminary peace agreement.

Crypto Today: Bitcoin, Ethereum, XRP recovery gathers strength as US-Iran reach peace agreement

Cryptocurrency prices remain broadly elevated on Monday, led by Bitcoin’s upswing toward $66,000. Altcoins, including Ethereum and Ripple, mirror Bitcoin’s momentum, trading above $1,700 and $1.18.

Bitcoin extends rebound as US and Iran reach framework deal to end the war

Bitcoin steadies above $65,700 at the time of writing on Monday, after recovering nearly 4% in the previous week. BTC recovery was boosted following Sunday’s news that the US and Iran have reached a preliminary peace deal, lifting the risk appetite.

Pi Network Price Forecast: Launchpad upgrades, fading bearish pressure lift recovery prospects

Pi Network (PI) began the week on a positive note, trading above $0.1340 on Monday after posting a mild recovery and closing above a key resistance in the previous week.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.