Cryptocurrencies Price Prediction: Cardano, MATIC & Bitcoin – American Wrap 09 December – FXStreet

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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.

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Bitcoin price has finished the first half of 2022 and things are not looking good. With record negative returns, BTC is likely to continue heading lower, especially if one particular support level is breached. 
Ethereum (ETH) price has been clawing back losses at the start of the trading day, but attempts have been cut short quite quickly after Europe opened, and saw equities dragged to the downside. 
Airwallex, a leading financial services platform, expanded its payment services to New Zealand. The fintech firm joined RippleNet in 2017 and offers services to businesses as a substitute for conventional banks. 
COMP price is consolidating in a tight range, trying to establish a directional bias after a quick recovery rally. Depending on which camp wins, COMP is likely to head in that direction. However, judging by the market structure, a pullback seems likely. 
Bitcoin price ended Q2 with a -56% return, which is the first in its 11-year history. On-chain metrics hint at bottom formation but technicals reveal more room to the downside. Bitcoin price has finished the first half of 2022 and things are not looking good. With record negative returns, BTC is likely to continue heading lower, especially if one particular support level is breached. 
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