Cardano, MATIC & Bitcoin – American Wrap 09 December
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptos hit the breaks while investors make up their mind
Bitcoin price looks to keep respecting the confines of its pennant as global markets are taking a breather after the positive rally on Wednesday. For Ethereum, more worrying price action looks to be unfolding as bulls have twice failed to break above $4,465, and in the process, are forming a bull trap. Meanwhile, XRP looks to be more promising as the upside of the pennant has been tested twice and looks ripe for the breakout.
Cardano price continues to face weakness against a broader financial market that is increasingly risk-averse. Price action had already been lagging the broader market leaders, but the outlook for a bullish return has slowly retreated.
MATIC price appears to be ready for a major upswing toward $3.84 as Polygon presented a bullish chart pattern on the daily chart. The governing technical pattern suggests that the layer-2 token is preparing for a 62% climb.