Crypto Price Prediction: BNB, Cardano and Polygon Set to Soar!

• Crypto prices have risen late Wednesday, with Bitcoin bouncing above $27,400.
• Major US indices ended the day higher amid investor cautiousness on US debt-ceiling sentiment.
• BNB, Cardano and Polygon are seeing a slight uptick, with XRP, Litecoin and Dogecoin also climbing.

Cryptocurrency Market Overview

The cryptocurrency market remains largely flat today after a slow week for the broader market amid investor cautiousness on US debt-ceiling sentiment. On Wednesday, US stocks closed higher as reports emerged of positive progress from lawmakers, with the Dow ending over 400 points up and the S&P 500 and Nasdaq both notching +1.2%. In crypto, Bitcoin (BTC) was changing hands just above $27,000, Ethereum (ETH) was at $1,824, and XRP (XRP), one of the best performers today among the top 10 cryptocurrencies, traded near 45 cents.

Price Prediction for BNB

Binance Coin (BNB) is trading at $314, about 1% in the green at the time of writing after bulls turned up to defend the $310 area. However, the 20-day EMA ($317) and 50-day EMA (319) are offering a major resistance zone. With the averages suggesting further weakness, bears are likely to try to pull the price below the strong support at $300. If they succeed, the BNB/USD pair could extend its decline to $270. On the other hand if there is fresh demand then buyers may target prices in between 330 – 350 range.

Price Prediction for Cardano

Cardano is currently above $0.37 but buyers need to break past $0.40 in order to target recent uptrend peak of $0.46 or else if bears retake control then ADA/USD pair could decline to 30 cents mark .

Price Prediction for Polygon

Polygon is currently trading around 0.9 USD however if bulls manage to push it forward then MATIC might reach 1 USD mark while If bears take control it can possibly fall down to 0.7 USD level .

Conclusion

Crypto prices have been volatile this week due to investor caution surrounding US debt-ceiling sentiment but some coins like Binance Coin (BNB), Cardano (ADA) and Polygon (MATIC) are showing signs of improvement which could lead them towards potential breakouts in near future .