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Cryptocurrencies Price Prediction: Polygon, Dogecoin and Bitcoin – European Wrap 2 May

Cryptocurrencies Price Prediction: Polygon, Dogecoin and Bitcoin – European Wrap 2 May
FXStreet TeamFXStreet TeamFXStreet

Polygon price underpinned at $1.00 with MATIC bulls taking over

Polygon (MATIC) price has been on a risky drop towards $1.00 over the weekend. Although it was expected that on Saturday, a turnaround would occur, traders instead saw a continuation of the dollar strength squeeze, and investors turning their backs on risk assets. A turnaround got triggered on Sunday, however, as the Relative Strength Index (RSI) dropped into oversold territory and made bears take their profit and close their short positions, spelling a turnaround in MATIC price back up to $1.312.

MATIC/USD

Is Dogecoin price still set to rally 70%

Dogecoin price showed massive promise last week after an impulsive uptrend. However, the subsequent selling pressure has caused DOGE to retrace lower, delaying its breakout and hence the rally.

DOGE/USDT 1-week chart
 

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto recovery rally or exit pump

Bitcoin price seems like it is stabilizing around a significant support level that has been battle-tested twice over the last three months. A resurgence of buying pressure is likely to propel BTC and all altcoins higher.

BTC/USDT 3-day chart

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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