Ethereum Classic, SafeMoon and Matic – European Wrap 9 August
Ethereum Classic price is currently retracing after failing to breach the trading range’s swing high successfully. The buyers’ inability has resulted in a retracement that could extend toward the immediate support levels and, in rare cases, the equilibrium point.
SafeMoon price has formed a bearish chart pattern that suggests the token is headed for a big move to the downside. The diminishing volume has not worked in favor of the bulls, and a lower low for SAFEMOON could signal a 50% drop.
MATIC price experienced exponential growth during the 2021 bull run. However, as Bitcoin and the cryptocurrency market collapsed, so did the market value of Polygon. From July 20 to August 8, MATIC witnessed another relatively minor yet exponential increase of a larger move.