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Cryptocurrencies Price Prediction: Polygon, Shiba Inu & Bitcoin – American Wrap 11 January

Cryptocurrencies Price Prediction: Polygon, Shiba Inu & Bitcoin – American Wrap 11 January
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, XRP: Majority of crypto market to experience relief rally

Bitcoin price action shows evidence that a bottom may be forming, denying bears any further movement lower. Ethereum price has developed a ridiculously extended hidden bullish divergence condition on its weekly chart, warning of an imminent bullish reversal. XRP price hammered with two major short setups, but sellers failed to push XRP lower. 

Dogecoin-killer Shiba Inu bullish reversal pattern could launch SHIBA more than 100%

Shiba Inu price has been in a clear downtrend for several months, with little in the form of any reprieve. However, bulls are likely to take over very soon and create an intense short squeeze that could rally SHIBA to levels not seen since October 2021.

MATIC Price Prediction: Polygon upside potential capped at 13%

MATIC price is in a tough spot due to its upswings in the last week of December 2021. Although Polygon could see an uptrend, the bulls will face an extremely resilient resistance barrier that will likely stop Polygon dead in its tracks. 

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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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Ripple holds near recently confirmed support at $1.30 on Friday, as bulls eye a short-term recovery toward $1.40. The remittance token’s upside remains capped by structural levels, suggesting recovery would depend on whether buyers can sustain momentum.

Bitcoin Weekly Forecast: BTC extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin Weekly Forecast: BTC extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin remains under pressure, trading around $81,800 on Friday, recording modest losses so far this week. Despite a mild pullback, institutional demand showed signs of a comeback with spot ETFs recording $442.67 million in net inflows through Thursday.

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Crypto Today: Bitcoin holds the 50-day EMA as Ethereum and XRP face structural resistance

Bitcoin gradually ticks up on Friday, trading above $81,000. The Crypto King has recently defended structural support near $80,000, reinforcing the prevailing bullish outlook. Ethereum similarly edges higher above $2,400, while Ripple trades above $1.32 after testing support around $1.30.

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Pi Network holds modest gains as mixed technicals curb upside

Pi Network (PI) price is up 2% on Friday, showing signs of recovery while the broader cryptocurrency market faces near-term weakness. The crypto market sentiment eases to neutral from bullish amid rising long liquidations.

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

Bitcoin extends pullback as ETF inflows clash with risk-off sentiment

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