Cryptocurrencies Price Prediction: Polygon, SafeMoon & Stellar Lumens — Asian Wrap 13 Oct

FXStreet Team FXStreet

Polygon’s MATIC at risk of collapse to $0.65

MATIC price continues to vex bulls and bears alike with the directionless and sideways trading behavior. Moreover, the past few trading days have seen MATIC drop below the Cloud and several other critical Ichimoku support levels, warning of some near-term sell-side pressure. MATIC price has created some mixed feelings throughout the Tuesday trade session.

SafeMoon awaits bullish confirmation before marching towards $0.000003

SafeMoon price has done relatively well, considering it made new all-time lows as recently as September 29th. The past few days have resulted in some sideways trading conditions, but this should be positive as the time spent has created a solid and flat Kijun-Sen level as support.

XLM price hints at bullish breakout toward $0.48

XLM price continues to lag in overall performance against not just its peers, the broader cryptocurrency market as a whole. However, that may change as XLM develops a powerful bullish continuation setup on its Point and Figure chart. A sustained and robust uptrend could be right around the corner.

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FXStreet Team

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Cardano: Under pressure as bearish derivatives cap recovery

Cardano remains under pressure, trading lower at $0.165 on Monday after mild losses in the previous week. Weakening derivatives metrics and subdued momentum indicators suggest that ADA's upside move remains limited, keeping downside risks in focus. Derivatives data for Cardano shows bearish sentiment among traders.

Bitcoin holds firm at $65,000 – AAVE and ONDO gain traction

The broader cryptocurrency market risk-off sentiment eases as the US and Iran extend the pause in missile strikes, while Oman holds peace talks. Bitcoin holds firm above $65,000 on Monday, while DeFi tokens, including Aave and Ondo, emerge as top performers over the last 24 hours.

Bitcoin extends winning streak, Ethereum clears key hurdle, XRP steadies

Bitcoin, Ethereum and Ripple begin the week on a firm footing after surging over 1%, 4% and 1%, respectively, in the previous week. BTC holds above key technical resistance after recording its fourth consecutive weekly gain.

World Foundation raises over $52M in token sale as World Network marks third anniversary

World Foundation, the nonprofit organization behind World Network, has raised $52.5 million through a strategic sale of its WLD token as the project marks three years since its mainnet launch. The funding round was led by Pantera Capital and included participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, Susquehanna Crypto and other investors.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.