Polygon, SafeMoon & Stellar Lumens — Asian Wrap 13 Oct

MATIC price continues to vex bulls and bears alike with the directionless and sideways trading behavior. Moreover, the past few trading days have seen MATIC drop below the Cloud and several other critical Ichimoku support levels, warning of some near-term sell-side pressure. MATIC price has created some mixed feelings throughout the Tuesday trade session. 

SafeMoon price has done relatively well, considering it made new all-time lows as recently as September 29th. The past few days have resulted in some sideways trading conditions, but this should be positive as the time spent has created a solid and flat Kijun-Sen level as support.


XLM price continues to lag in overall performance against not just its peers, the broader cryptocurrency market as a whole. However, that may change as XLM develops a powerful bullish continuation setup on its Point and Figure chart. A sustained and robust uptrend could be right around the corner.