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

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

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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Top 3 Price Prediction: BTC, ETH and XRP retreat as Fed rate decision looms

Bitcoin, Ethereum and Ripple remain under pressure and consolidate at the time of writing on Wednesday after falling more than 3%, 4% and 9%, respectively, as the Clarity Act failed to advance in the Senate on Tuesday.

Crypto Overview: Bitcoin falls to $75,000 as CLARITY Act fails to advance – Pi Network, Injective lead losses
Bitcoin (BTC) price trades around $75,000 on Wednesday, following a 3% decline the previous day as the US Senate failed to advance the CLARITY Act to a cloture vote. The broader cryptocurrency market's risk-on sentiment eases, with over $600 million in liquidations in 24 hours, driven primarily by long-position unwinding.
CLARITY fails to pass Senate, what happens next?
The US Senate on Tuesday blocked further consideration of the Digital Asset Market Clarity Act, with a procedural vote falling short of the 60 required YEA. The motion to advance the bill failed 49-50, with all 49 supporting votes coming from Republicans. The setback leaves the market-structure bill stalled as Congress moves closer to its midterm election recess.
Ethereum Price Forecast: ETH continues to attract capital despite impending rate hike and Clarity Act failure
Ethereum (ETH) declined to $2,400 on Tuesday after the Clarity Act failed to progress in the Senate. Despite that and the market's near certainty of an interest rate hike at the next Federal Reserve (Fed) meeting, the top altcoin has continued to attract fresh capital. Ethereum buyers have been dominating sellers over the past few days.
Bitcoin: BTC retreats as macro headwinds grow
Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.