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

FXStreet Team FXStreet

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.

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.

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.

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FXStreet Team

FXStreet

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.