|

Cryptocurrencies Price Prediction: Shiba, Polygon & Bitcoin – American Wrap 19 July

This is why MATIC is on a winning streak

While MATIC witnessed a rapid decline in the first half of 2022, alongside other altcoins, there has since been a spike in on-chain activity on the Polygon network. MATIC has recouped its losses and key metrics on the Polygon network point towards a continuation of the altcoin’s uptrend. 

Shib Inu Price Prediction: A true bull run or the ultimate bear trap

The current uptrend in Shiba Inu price appears to be very turbulent as the bulls are finding rejection near the $0.00001200 zone. When observing the technicals, it appears that  the uptrend move is part of a corrective structure. If the technicals are correct, the SHIB price could re-route south towards the monthly swing lows at $0.00000978, and if that level cannot hold as support, a retest of June’s $0.00000800 swing low is likely.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Making profit vs chasing profit

The crypto market continues to make impressive gains. All bullish trade setups should be safely managed to ensure healthy risk management. Bitcoin ascends in a turbulent fashion, which raises questions about the bullish strength. Ethereum is in profit from Monday's bullish trade setup. Open positions should be managed safely. Ripple's XRP remains dangerous as the bulls tread back into a descending weekly trend channel.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Bitcoin Weekly Forecast: 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.
XRP falls toward key support as macro uncertainty, weak momentum cap recovery
Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.
Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks
The broader cryptocurrency market is rising on Friday, with Bitcoin (BTC) trading above $77,000 after testing lower support near $76,500. Ethereum (ETH) shows signs of stability, hovering above the support provided at $2,400 despite capped upside at $2,500. Meanwhile, Ripple (XRP) holds above $1.33 after three straight days of declines, reflecting growing headwinds due to macroeconomic uncertainty.
Bitcoin pulls back as another golden cross fails to deliver
Earlier this week, Bitcoin formed a golden cross, a technical signal that occurs when the price’s 50-day moving average rises above the 200-day moving average and is conventionally viewed as a precursor to a bullish rally. Historically, however, that’s often not been the case.
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.