Cryptocurrencies Price Prediction: Polygon, Shiba Inu & Ripple — Asian Wrap 10 June


MATIC Price Prediction: Polygon steadies for a 70% rally

MATIC price is resisting the notable Bitcoin price strength today. Instead, Polygon is flat at the time of writing, showing a lack of faith in the rally of the bellwether cryptocurrency. As long as support at the 50-day SMA remains active, MATIC price should be positioned to resume the advance from the May 23 low.

 

Three reasons why Shiba Inu price may be ready to rally

Shiba Inu price decline has not been matched by increasing volume, suggesting it is not token specific. ShibaSwap decentralized cryptocurrency exchange (DEX) in testing mode, to be released to the public soon. Social volume stabilizes during another period of price weakness. 

 

XRP price spike from critical support hints at a 20% rally

XRP price built a bullish hammer candlestick pattern yesterday as the cryptocurrency complex experienced a new wave of selling pressure. Today, Ripple is endeavoring to continue the rebound, but it needs a daily close above the hammer high to trigger a unique trading opportunity for investors.

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MATIC price ready to surge to $2.20 as Polygon trend reverses

MATIC price has been slowly declining and is down by 42% following the swift rebound to the reaction high of $2.43 from the May correction. While Polygon price action appears to be heading south, the Ethereum-based scaling cryptocurrency is raising the probability of a sharp trend reversal to the upside. 

More MATIC News

XLM price shows strength above $0.36, releasing Stellar for a 30% rally

XLM price struck support at the 61.8% retracement level yesterday before rebounding to close positive on a day that initially looked bearish for the cryptocurrency complex. Until Stellar can close above yesterday’s bullish hammer candlestick pattern, the outlook is neutral.

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Shiba Inu looks primed for reversal

SHIB price has been on a descending trend for more than a week as it shed almost half of its gains. This downswing saw a reversal as it tagged a range low and is hinting at a move toward equilibrium.

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El Salvador recognizes BTC as legal tender, BTC and altcoins look ready to pop off

El Salvador officializes Bitcoin as money. After the announcement during the Bitcoin 2021 conference in Miami on Monday, the Salvadoran legislature passed the bill making Bitcoin legal tender in El Salvador.

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Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

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