Cryptocurrencies Price Prediction: ApeCoin, SafeMoon & Bitcoin — Asian Wrap 17 June

FXStreet Team FXStreet

Will the downtrend for the ApeCoin price continue? Here are a few factors to keep in mind

ApeCoin price is more of a guessing game than most cryptocurrencies. The newly established low at $3.07 should have a retest to define a true market bottom but forecasting when is nearly impossible. ApeCoin price has validated previously written outlooks at FXStreet as the May 12 low at $5.17 has been a critical area of interest over the last few weeks.

Safemoon price has unsafe liquidity levels, here’s what traders should be aware of

Safemoon price is following the technicals mentioned in previous outlooks. The Safemoon price saw an impressive 80% rally last month as one of the only cryptocurrencies to outperform and bring in net positive gains for investors. Invalidation of the downtrend is a close above $0.0005000.

Bitcoin price could commence a new bull run for these reasons

Bitcoin price has triggered an unprecedented levell of fear in the market according to the Fear and Greed Index. BTC price now shows RSI divergence between two significant levels, which confounds one more bull-run will occur. Invalidation of the macro bullish count is a breach at 13,880.

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FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

Top Altcoins Price Forecast: XRP and ADA rebound as DOGE lags behind

The broader cryptocurrency market shows early signs of a bullish recovery, with Bitcoin rising above $65,000 amid improving retail sentiment. Top altcoins, including Ripple and Cardano, are gaining bullish momentum, while Dogecoin continues to consolidate, holding above a crucial support zone.

Ripple and Stellar outlook: Mixed signals keep traders at a crossroads

Ripple and Stellar trade within tight ranges as traders await the next directional move. XRP’s technical indicators suggest bearish momentum is fading, while XLM continues to consolidate near a critical support zone. Mixed derivatives metrics highlight growing market indecision, raising the likelihood of a volatile breakout in either direction in the coming days.

Shiba Inu Price Forecast: Extends gains as on-chain and derivatives metrics confirm bullish bias

Shiba Inu extends gains, trading above $0.0000042 after breaking above the descending trendline the previous day. Strengthening on-chain data and improving derivatives metrics support further gains for the meme coin. CryptoQuant’s exchange netflow chart below shows five consecutive days of net outflows since July 17.

Bitcoin climbs above $65K as ETF flows recover despite rising macro risks

Bitcoin (BTC) has climbed above $65,000 on Monday as improving onchain activity, recovering US spot Bitcoin exchange-traded fund (ETF) flows, and stabilizing derivatives point to a more balanced market, according to Glassnode.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.