Polygon, SafeMoon & Decentraland — Asian Wrap 14 Dec

MATIC price hinted that a significant rejection of the rising wedge might be developing. As a result, MATIC was handily outperforming the broader market but could not maintain those gains and instead returned inside the rising wedge. Final support zone ahead to dictate the direction of the next trend.


SafeMoon price action remains one of the biggest disappointments of 2021. The chart, despite the fundamentals, appears more like a pump-and-dump scheme as opposed to a project worth an investment in. If price action is evidence of investor sentiment, SafeMoon represents a near-zero positive outlook.


Decentraland price has struggled over the past two weeks to generate any momentum above the daily Tenkan-Sen. Little response by buyers has allowed the bears to continue with persistent selling pressure. Decentraland price action, like many cryptocurrencies, is up against one of its last support structures before facing a steep drop. 

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