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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