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Cryptocurrencies Price Prediction: Bitcoin, SafeMoon and VeChain – European Wrap 17 May

Cryptocurrencies Price Prediction: Bitcoin, SafeMoon and VeChain – European Wrap 17 May
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC free fall pauses, ETH leads pack

Bitcoin price has begun its ascent, but Ethereum price leads the Monday’s rally after hitting a new all-time high today. XRP, on the other hand, is coiling up after its first run-up.

BTC/USD 12-hour chart

SafeMoon Price Prediction: SAFEMOON may rally 25% as it approaches key levels

SafeMoon price has approached one of the three key levels that could trigger its reversal to the upside. SAFEMOON has stayed relatively uncorrelated to the recent market crash as it underwent a consolidation from May 8 to date.

SAFEMOON/USDT 4-hour chart

VeChain Price Prediction: VET at inflection point, reversal may lead to 45% gain

VeChain price has been on an accelerated downtrend since May 7. However, its recent retest of the swing low formed on April 16 indicates hints of reversal.
VET/USDT 12-hour chart

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FXStreet Team

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.

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Ripple and Stellar outlook: Rebound from key technical supports as derivatives turn mildly bullish

Ripple and Stellar outlook: Rebound from key technical supports as derivatives turn mildly bullish

Ripple and Stellar rebound slightly on Tuesday, trading above $1.359 and $0.191, respectively, following a correction the previous day. Both XRP and XLM now test key support levels, with improving derivatives metrics supporting their recovery. Derivatives data shows improving conditions for Ripple and Stellar.

Dogecoin Price Forecast: DOGE tests $0.0800 support level amid ETF outflows

Dogecoin Price Forecast: DOGE tests $0.0800 support level amid ETF outflows

Dogecoin price ticks higher at press time, showing signs of a rebound from the $0.0800 low earlier in the day and the previous day’s 5% decline. DOGE-focused Exchange Traded Funds are facing selling pressure, with nearly $400,000 in outflows on Monday, weighing on the meme coin. Dogecoin risks a decline of over 15% to the $0.0683 support level if prices break below $0.0800.

Ripple-backed Evernorth goes live on Nasdaq with 473 million XRP treasury

Ripple-backed Evernorth goes live on Nasdaq with 473 million XRP treasury

Ripple-backed digital asset treasury firm Evernorth began trading on the Nasdaq on Monday under the ticker XRPN, giving traditional stock market investors exposure to XRP. The listing follows the completion of Evernorth’s business combination with Armada Acquisition Corp. II on Friday.
Bitcoin shows bottoming signs despite recent macro pressures

Bitcoin shows bottoming signs despite recent macro pressures

Bitcoin (BTC) remained range-bound above $82,000 on Monday as upcoming US economic data and onchain indicators weigh on market sentiment. Crypto trading firm QCP Group stated in its Monday report that Bitcoin has maintained a firmer footing a year after the market’s largest single-day liquidation event.
Bitcoin: Uptober or Rektober?

Bitcoin: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.