Polygon, ApeCoin & Decentraland — Asian Wrap 25 Mar

MATIC price action has moved inside the Ichimoku Cloud for the first time since January 20, 2022, giving bulls hope that further expansion moves higher may continue. However, the $1.80 zone may temporarily halt the current rally. Downside risks continue to decrease but remain a concern in the near term.  

ApeCoin price continues to slide steadily south after reaching the much anticipated $14.50 value area. While buyers are attempting to establish a support zone near $13.50, the participation thus far has been weak, indicating a deeper retracement is increasingly likely.

Decentraland (MANA) price is on a winning streak after booking a fourth consecutive day of gains. This morning, bulls tried to break the 55-day Simple Moving Average (SMA) at $2.70 but failed after receiving a firm rejection. Although a fade is quite normal after such a rejection, assuming bulls can eke out gains, the rally is still likely to be considered live.