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Cryptocurrencies Price Prediction: Dogecoin, Solana & Ethereum – Asian Wrap 13 May

Cryptocurrencies Price Prediction: Dogecoin, Solana & Ethereum – Asian Wrap 13 May
FXStreet TeamFXStreet TeamFXStreet

Dogecoin flashes early reversal signal as short sellers capitulate

Dogecoin (DOGE) edges higher on Wednesday after two consecutive days of losses earlier this week. The recovery aligns with the rise in short liquidations over the last 4 hours across the crypto market, signaling a potential upside shift. Dogecoin should clear above its 200-day Exponential Moving Average (EMA) at $0.1224 for further gains.

Solana Price Forecast: Strong ETF inflows hint at a rally

Solana (SOL) price rebounds, finding support around the key technical level near $94 on Wednesday. Strong institutional demand, with spot SOL Exchange Traded Funds (ETFs) recording inflows for the seventh consecutive day, hints at a potential rally ahead. Meanwhile, improving sentiment among traders in the derivative markets also projects a bullish bias for Solana.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC consolidates, ETH holds support, XRP eyes breakout

Ethereum trades at $2,289 on Wednesday, maintaining a mildly bearish bias as price holds just above the 50-day EMA at $2,275 while staying capped beneath the 100-day EMA at $2,340. ETH also trades below the 38.2% Fibonacci retracement of the latest upswing at roughly $2,380 and remains well under the 200-day EMA around $2,574, suggesting rallies are still meeting overhead supply.

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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 eyes $1.50 breakout despite softening on-chain activity

Ripple eyes $1.50 breakout despite softening on-chain activity

XRP remains elevated near $1.45 after a sharp spike from the weekly low of $1.31. XRP retains a neutral-to-bullish technical outlook, supported by the RSI and uptrending moving averages.

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash trades above $1,000 on Friday, building on its 16% gain from the previous day. On-chain data show a steady increase in shielded supply to 4.86 million ZEC tokens, pointing to growing demand for privacy.

Crypto’s $638 million buyback boom may not be as bullish as it looks

Crypto’s $638 million buyback boom may not be as bullish as it looks

Decentralized Finance (DeFi) protocols reportedly spent $638 million to buy back their native tokens in August, up 17% from a year earlier. On the surface, the buyback trend suggests the cryptocurrency industry is maturing fast.

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Bitcoin corrects lower toward $80,000 after testing highs at $81,269, supported by $731 million in ETF inflows. Ethereum bulls push to regain momentum, with $2,500 providing immediate support.

Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.