|

Cryptocurrencies Price Prediction: Bitcoin, Cardano and SafeMoon – European Wrap 31 May

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Markets pause before continuing the relief rally

Bitcoin price seems to have triggered a relief rally that is going to revisit significant levels, formerly critical in catalyzing the sell-off. Some altcoins have already started their run-ups, but for Ethereum and Ripple a minor retracement seems likely before they start their upswings.

BTC/USD 1-hour chart

Cardano price potential grows with the launch of Ethereum bridge, ghost transactions, and millions of NFTs

Cardano price has managed to make an explosive run higher over the last four days as Bitcoin bulls make a comeback. This impressive upswing looks now to be preparing for another leg up.

ADA/USDT 1-day chart

SafeMoon price has a bright future following bullish golden cross

SafeMoon (SAFEMOON) price is set to open another can of potential gains and price appreciation as two major technical elements are seen unfolding in the coming trading sessions. The negative close on Monday could turn into a bear trap, as the break to the downside looks fake. Add to that the fact a golden cross may be forming as the 21-day Simple Moving Average (SMA) crosses above the 55-day SMA and it gives  a significant bullish signal for traders, suggesting Safemoon price may be on the cusp of a massive long-term uptrend that could lift it back to $0.001800000.

SAFEMOON/USD daily chart

Author

More from FXStreet Team
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Sberbank issues Russia's first corporate loan backed by Bitcoin

Russia's largest bank Sberbank launched the country's first Bitcoin-backed corporate loan to miner Intelion Data. The pilot deal uses cryptocurrency as collateral through Sberbank's proprietary Rutoken custody solution.

Bitcoin recovers to $87,000 as retail optimism offsets steady ETF outflows

Bitcoin (BTC) trades above $88,000 at press time on Tuesday, following a rejection at $90,000 the previous day. Institutional support remains mixed amid steady outflow from US spot BTC Exchange Traded Funds (ETFs) and Strategy Inc.’s acquisition of 1,229 BTC last week.

Traders split over whether lighter’s LIT clears $3 billion FDV after launch

Lighter’s LIT token has not yet begun open trading, but the market has already drawn a sharp line around its valuation after Tuesday's airdrop.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.