Polygon, Ripple and Shiba Inu – European Wrap 14 June

MATIC price has continued to record lower highs as part of the consolidation that has consumed the asset since May 26. Now, Polygon has attempted to break out of the falling wedge pattern but has found itself struggling to sustain the uptrend as whales have not been buying. 

 

XRP price experienced a significant bull run as it rallied roughly 750% since 2021. However, due to the recent correction, Ripple’s year-to-date (YTD) performance is hovering around 268%.

XRP/USD 1-day chart

Shiba Inu price dipped below the short-term governing range on June 11 as the crypto market experienced a minor sell-off. However, bulls have managed to push SHIB above the range high, indicating the resurgence of buyers.

SHIB/USDT 4-hour chart

 

 

 

 

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