Cryptocurrencies Price Prediction: ApeCoin, Binance Coin & SafeMoonm — Asian Wrap 27 May

FXStreet Team FXStreet

ApeCoin continues to fall as bears aim for $5.00

ApeCoin exhibits full bearish control. A drop towards the $5.00 target is a high probability occurrence in the near future. ApeCoin price is still following the macro technicals forecasting a $2.00 target. Invalidation of the bearish thesis is a breach above $13.50.

Why Binance Coin price could wipe out all gains made this month

Binance Coin price could be setting up for a plummet back to $217. Binance Coin price has breached the ascending parallel channel to start this Friday's trading session. This week, it was mentioned that the future for BNB price was highly dependent on the directional breakout from the channel.

Safemoon price has rallied 80% in a week, here’s what could happen next

Safemoon price has displayed impressive strength within the crypto market. There is no evidence at the current time suggesting an end to the current uptrend move. Safemoon price continues to follow the technicals predicted two weeks ago as the bulls produce an 80% rally.

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FXStreet Team

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Crypto Today: Bitcoin, Ethereum, XRP lag recovery as Israel and Iran attack each other

Cryptocurrency prices remain under pressure on Monday as market participants navigate tensions in the Middle East after Israel and Iran attacked each other for the first time since the peace deal agreement that was reached in Early April.

Bitcoin Price Forecast: Institutional selling, Middle East tensions keep BTC under pressure

Bitcoin remains under pressure, struggling below $64,000 on Monday after posting its worst one-week return this year. Institutional sell-off remains severe with spot Exchange Traded Funds recording the fourth week of steady outflows of billions since mid-May.

Hyperliquid rebounds as retail interest offsets first-ever ETF outflows

Hyperliquid price is up 6% at press time on Monday, extending the 5% rebound from the previous day. The rebound aligns with HYPE's regaining retail strength in the derivatives market, offsetting the first-ever daily outflows from Exchange-Traded Funds.

Pi Network extends bearish trend as low volumes stall recovery

Pi Network (PI) price hovers below $0.1300 at press time on Monday, following its sixth consecutive weekly loss of 12%. A declining trend in trading volume shadows the falling PI token prices, reflecting weak demand failing to absorb supply pressure.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.

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