Cryptocurrencies Price Prediction: Matic, Binance Coin & Ethereum Classic — Asian Wrap 05 May
|MATIC Price Prediction: Polygon correction near completion, primed for a rebound
MATIC price decline since the April 29 high at $0.946 has taken a corrective form, and it is near completion, touching the trough of the rising wedge pattern at $0.675. Volume profile does not reveal an eager desire to liquidate or cut holdings.
Binance Coin Price Analysis: BNB poised for a 35% upswing
Binance Coin price testing symmetrical triangle breakout during weak day. Daily Relative Strength Index (RSI) now displays a bearish momentum divergence. BNB market capitalization briefly crosses $100 billion milestone, joining Bitcoin and Ethereum.
Ethereum Classic Price Forecast: ETC explodes to new record highs
Ethereum Classic price is up 39% this week at the time of writing and is inching towards the 161.8% Fibonacci extension of the 2018 bear market. Due to the extended condition, price progress will be limited in the short term with a high probability consolidation.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.