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Cryptocurrencies Price Prediction: Ethereum Classic, SafeMoon and Matic – European Wrap 9 August

Cryptocurrencies Price Prediction: Ethereum Classic, SafeMoon and Matic – European Wrap 9 August
FXStreet TeamFXStreet TeamFXStreet

Ethereum Classic Price Prediction: ETC at risk of 17% decline

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.

ETC/USDT 4-hour chart

SafeMoon price awaits 50% drop as interest in SAFEMOON evaporates

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.

SAFEMOON

Four reasons why MATIC price will skyrocket by nearly 100%

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.

MATIC/USDT 12-hour chart

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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