Crypto.com price experiences a strong bounce after hitting a critical Fibonacci expansion zone. However, whether the bounce will yield a resumption of the prior uptrend is not yet known. Critical resistance levels are to be tested before any confirmation of a new uptrend can occur.
MATIC price action has undoubtedly faced massive pressure since hitting new all-time highs less than two weeks ago. As a result, the return inside the rising wedge quickly turned into a solid bearish event which could portend significant bearish price action in the future.
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