|

Cryptocurrencies Price Prediction: MATIC, Bitcoin & Cardano – American Wrap 01 May

MATIC price magic fades away as investors’ presence retreats to two-year lows after a 20% dip

MATIC price lost a key support level as it followed the lead of the biggest cryptocurrency in the world. The bigger issue than the price fall, however, is the fall in conviction, as close to half of the investors have pulled back since red candlesticks gained dominance on the charts.
MATIC/USD 1-day chart
Cardano (ADA) price has dropped like a stone this Monday as the ASIA PAC session brought a 5% loss with it. Expect to see a turnaround near the US trading session once fresh buyers can buy into the current opportunity of Cardano at a reduction. With plenty of support, a bounce higher looks reasonable to break above $0.42 with a 10% gain in the books.
ADA/USD  4H-chart    
Bitcoin traders are watching the week’s macro events closely for clues on BTC price movement. The US Federal Reserve’s interest rate decision on May 3, the FOMC conference and the Nonfarm Payrolls data release on May 5 are the key events for BTC traders keeping their eyes peeled. 
Bitcoin Open Interest on Binance
 

Author

More from FXStreet Team
Share:

Editor's Picks

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.

Bitcoin, Ethereum, and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Ethereum Price Forecast: FG Nexus continues distribution amid signs of returning risk-on sentiment

FG Nexus, once dubbed an Ethereum treasury firm, resumed offloading the top altcoin on Wednesday, distributing 7,550 ETH, according to data from smart money tracker EmberCN.

Top Crypto Gainers: Stable and Decred rally, Pippin approaches record highs

Altcoins, such as Stable, Decred, and Pippin, are extending gains so far this week, defying the risk-averse conditions in the broader cryptocurrency market. Stable and Pippin are near record high levels, while Decred extends its breakout rally above $30.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.