Cryptocurrencies Price Prediction: Dogecoin, PEPE & Quant – Asian Wrap 27 May

FXStreet Team FXStreet

Dog-themed coins SHIB show bullish signs, DOGE faces resistance

Dogecoin (DOGE) and Shiba Inu (SHIB) are down roughly 1% at press time on Tuesday. While the dog-themed meme coins have consolidated for almost a week, Shiba Inu shows recovery signs in the derivatives market and technical charts as Dogecoin faces headwinds.

Pepe Price Forecast: PEPE price action shows a bearish divergence in play

Pepe (PEPE) price shows signs of bullish exhaustion on Tuesday after failing to breach a key resistance level at $0.000016 last week. The price action of the frog-themed meme coin flashes a bearish divergence on the momentum indicators, suggesting a possible trend reversal. Meanwhile, on-chain data shows an uptick in bearish sentiment, with short positions among traders climbing to the highest level in over a month, raising the odds of a potential downside move.

Top Gainers QNT JUP FORM: DeFi tokens rally as top altcoins stall

The broader cryptocurrency market witnessed a slowdown in the top altcoins like Ethereum (ETH), Ripple (XRP), Solana (SOL), and Dogecoin (DOGE), with a 1% to 3% drop in the last 24 hours. Ignoring this, Quant (QNT) maintains a recovery trend, with the layer 2.5 network announcement for institutions and decentralized finance (DeFi). Jupiter (JUP) and Four (FORM) prolong the uptrend with technical signals suggesting breakout gains.

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Aave Price Forecast: AAVE primed for breakout as bullish signals strengthen

Aave (AAVE) price is trading above $204 at the time of writing on Friday and approaching the upper boundary of its descending parallel channel; a breakout from this structure would favor the bulls.

Meme Coins Price Prediction: DOGE, SHIB, PEPE stall amid warming retail demand

Meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), struggle to regain strength as the broader cryptocurrency market recovers. Derivatives data reveals fresh retail demand as Open Interest of DOGE, SHIB, and PEPE futures surge.

Terraform Do Kwon gets 15-year prison sentence for role in Terra-Luna $40 billion crash

Terraform Labs founder Do Kwon was sentenced to 15 years in prison by a New York federal court on Thursday for his role in organizing one of the largest cryptocurrency frauds in history.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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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.

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