Cryptocurrencies Price Prediction: Polygon, Stellar Lumens & Polkadot — Asian Wrap 31 Mar

FXStreet Team FXStreet

MATIC price is still in an uptrend towards $2.00, but traders should be aware of these factors

MATIC price could be showing early signs of a pause in the uptrend. Traders should watch Thursday's closing candle before making any longer-term decisions. MATIC price has enjoyed a 12% rally this week.

Stellar Lumens price has a high chance of falling between 10-18% from $0.23

Stellar Lumens price is showing bearish divergence on the 12-Hour Chart. XLM has strong Fibonacci retracement levels up to 18% below the current price. An invalidation will be a settlement candle above $0.26

Polkadot price looks unstoppable as it marches towards $100

Polkadot price action is close to completing the first clear bullish reversal in over five months. DOT remains one of the most lagging major market cap cryptocurrencies. Major bullish reversal Point and Figure pattern still in play.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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