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Cryptocurrencies Price Prediction: Dogecoin, Ripple & SafeMoon — Asian Wrap 7 Sep

Dogecoin survives volatility and remains on track to $0.35

Dogecoin (DOGE) has had its purification after the correction on August 24. Price dipped below $0.30 and fell into a distribution phase where sellers booked profits around $0.27. That level fell in line with the monthly R1 resistance level in August and is the current pivot level for this month. 

XRP gains momentum, analysts expect the token to skyrocket to $3

XRP trading resumes on Rakuten's exchange on September 8. SEC to deny motion to reveal employees' XRP holdings, stating that it is irrelevant to the case. Analysts have predicted a massive surge in volatility and expect the altcoin to hit $3 in ongoing rally.

SafeMoon downside looks more promising as support weakens

SafeMoon (SAFEMOON) has been in a sweet spot since August 20. The downward pressure on SafeMoon was constantly present since May. Buyers finally could find enough momentum and volume to run up prices again. Buyers already tried on August 7 but got quickly pushed out of their position the day after as price action was paired in full.

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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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Dogecoin Price Forecast: Smart money flees DOGE, exposing a 12% downside risk

Dogecoin price hovers around $0.0850 at press time on Monday, keeping steady after a 5% rebound the previous day from the February 6 low at $0.08000. On-chain data show that large-wallet investors with 100 million to 1 billion DOGE have reduced their holdings to a five-month low, providing the downside pressure.

Cardano Price Forecast: ADA downtrend persists as bearish setup caps whale-backed rebound 

Cardano remains under pressure, trading below $0.170 on Monday after a massive correction in the previous week. The bearish price action is supported by the uncertainty surrounding Charles Hoskinson’s remarks last week, which weighed heavily on market sentiment.

Crypto Overview: Zcash, Bittensor, and Ethereum stall after a mild rebound

The broader cryptocurrency market shows a stalled rebound after Friday's crash linked to the US Jobs data release. Bitcoin hovers above $63,000 at press time on Monday, while Zcash, Bittensor, and Ethereum emerge as top performers over the last 24 hours.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC under pressure, ETH breaks support, XRP weakens targets $1
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain under pressure at the start of this week after losing more than 14%, 15%, and 13%, respectively, in the previous week. BTC struggles below $63,000, ETH loses key support zones, while XRP’s momentum indicators continue to favor further downside.
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.