Crypto price prediction ADA, MATIC, XLM.

• This week, cryptocurrencies, including Bitcoin, performed strongly and surged to $30,000. Other altcoins like Cardano, Pepe, and MATIC also experienced significant gains.

• The future performance of cryptocurrencies will depend on whether Bitcoin can surpass $31,000.

Investors focused on TradFi and the positive comment from Jerome Powell, the Federal Reserve chairman, leading to a more than 20% jump in Bitcoin’s price and a 14% rise in Ethereum’s price over the past 7 days. The short-term price action for cryptocurrencies will depend on whether BTC can soar above the year-to-date high of $31,000. What is next for MATIC, Stellar, and Cardano?

Cardano price prediction

Cardano has been on a strong bearish trend in recent months, reaching a low of $0.2295 on April 16th, the lowest level since December. The current rebound, while welcome, should be approached cautiously as the coin has formed an inverted cup and handle pattern, usually a bearish sign. Therefore, there is a likelihood that the Cardano price will resume the bearish trend in the near term.

• Will there be a flippening between Pepecoin (PEPE) and Dogecoin (DOGE)?
• Chinese labs sell fentanyl ingredients for cryptocurrency.
• Arbitrum’s ARB rises by 9% as trading volume hits $200 million. Possible whale purchases?

If this happens, the next level to watch will be at $0.2414. A break below this level will confirm the bearish thesis and signal that the ADA price could slip to the key support level at $0.20, which is about 30% below the current level.

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Polygon MATIC price prediction

Polygon MATIC price has been on a steep sell-off in recent months due to significant competition from the likes of Optimism and Arbitrum. On the daily chart, the price dropped to $0.5079 in June and then resumed the bullish trend this week. It has now retested the important resistance point at $0.6905, the lowest point on September 20th last year.

MATIC remains below the 25-day and 50-day moving averages. Therefore, this recovery is unlikely to hold, and the coin will likely retest the month-to-date low of $0.50, which is about 26% below the current level.

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Stellar Lumens price prediction

The XLM price crashed to a low of $0.075 on June 15th, an important level that coincided with the lowest level this year on March 11th. Stellar has now moved slightly above the 25-day and 50-day moving averages and has formed a double-bottom pattern whose neckline is at $0.1145.

Therefore, there is a likelihood that the Stellar coin will likely continue rising as buyers target the key resistance point at $0.10, which is about 11.31% above the current level.

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