Bitcoin, Ripple and Polygon – European Wrap 26 November

Bitcoin price kick-started a minor uptrend on November 24 but is experiencing a slowdown before reaching its intended target. From a higher time frame perspective, things look to be stationary as BTC continues to consolidate.

 

Shiba Inu price has been consolidating since it hit a new all-time high on October 28. So far, SHIB has been hovering around a crucial barrier, showing indecision among buyers and sellers. At this level, market participants can expect the Dogecoin killer to provide another buy opportunity before it blasts off.

XRP/USDT 4-hour chart

MATIC price looks ready for a correction as a potential swing high seems to be forming. This development could lead to a correction that will allow sidelined buyers to purchase Polygon at a discount and kick-start a quick run-up.

 

MATIC/USDT 4-hour chart

 

 

 

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