Cryptocurrencies Price Prediction: Axie Infinity, Polygon & Crypto.com — Asian Wrap 10 Jan
|Axie Infinity mean reversion setup will see AXS return to $85
Axie Infinity price has followed the broader market lower, with little buying activity or support coming in. The most recent bounce off the $72 value area is where the second largest high-volume node exists. Extreme oversold conditions in the AXS oscillators support a short-term bounce.
MATIC at a make-or-break level that could see Polygon drop to $1.50
MATIC price action has undoubtedly faced massive pressure since hitting new all-time highs less than two weeks ago. As a result, the return inside the rising wedge quickly turned into a solid bearish event which could portend significant bearish price action in the future.
Crypto.com finds key support as CRO eyes a bullish retaliation to $0.55
Crypto.com price experiences a strong bounce after hitting a critical Fibonacci expansion zone. However, whether the bounce will yield a resumption of the prior uptrend is not yet known. Critical resistance levels are to be tested before any confirmation of a new uptrend can occur.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.