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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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Solana Price Forecast: SOL slides below $92 as downside risk grows

Solana Price Forecast: SOL slides below $92 as downside risk grows

Solana remains under pressure, trading below $92 on Wednesday and declining more than 3.5% so far this week. Muted demand for US-listed spot Solana Exchange Traded Funds, rising short positions and overheated market conditions continue to weigh on sentiment, limiting recovery attempts.

Top 3 Price Predictions: BTC tests critical support, ETH struggles below resistance, XRP extends losses

Top 3 Price Predictions: BTC tests critical support, ETH struggles below resistance, XRP extends losses

Bitcoin, Ethereum, and Ripple remain under pressure on Wednesday as bearish momentum continues to weigh on prices. BTC approaches key support around $76,466, and a decisive close below could open the door to deeper losses. Meanwhile, ETH struggles below key resistance while XRP faces rejection at the upper trendline of a falling channel pattern, all hinting at deeper losses.

Bitcoin struggles to capitalize on US Dollar weakness as Democrats advance in US midterms

Bitcoin struggles to capitalize on US Dollar weakness as Democrats advance in US midterms

Bitcoin is down nearly 2% trading below $76,000, and testing the 200-day Exponential Moving Average baseline near $76,501. Bitcoin’s pullback aligns with the weakness in the US Dollar, which typically provides tailwinds for risk-sensitive assets. The selling pressure aligns with the US midterm elections as early results point to Democrats leading gains in both houses.

Hyperliquid Price Forecast: HYPE eyes $78.4 support as CFTC approves US equity perpetuals

Hyperliquid Price Forecast: HYPE eyes $78.4 support as CFTC approves US equity perpetuals

Hyperliquid (HYPE) trades at $81.73 as US regulators open another route for perpetual futures, allowing contracts tied to individual stocks to trade on qualifying domestic exchanges.
Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.