fxs_header_sponsor_anchor

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.
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.
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. 
 

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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.