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Cryptocurrencies Price Prediction: Dogecoin, SPX6900 & Ripple – Asian Wrap 29 May

Cryptocurrencies Price Prediction: Dogecoin, SPX6900 & Ripple – Asian Wrap 29 May
FXStreet TeamFXStreet TeamFXStreet

Top 3 meme coins: Dogecoin, Shiba Inu, and Pepe – DOGE, SHIB and PEPE stabilize around key levels

Dogecoin price retested and stabilized around its 200-day Exponential Moving Average (EMA) at $0.21 multiple times this week. The 200-day EMA roughly coincides with the daily support level at $0.22, making this a key area of support. At the time of writing on Thursday, it rebounds slightly after retesting this support level. Sideline investors looking for buy opportunities could do so at its 200-day EMA at $0.21.

Top 3 Gainers SPX, UNI, and TON: Altcoins record double-digit surge, ignoring Bitcoin’s pullback

SPX trades at $1.07 with an over 2% intraday rise at press time on Thursday, extending the 15% jump last night. The recovery rally in SPX6900 accounts for a whopping 95% rise so far in May. The Moving Average Convergence/Divergence (MACD) indicator, at 0.10, and its signal line, at 0.078, project a bullish trend in motion. Additionally, the wave of green histogram bars reflects the strong momentum. 

XRP joins crypto treasury trend as VivoPower raises $121 million to launch XRP reserve

XRP slipped more than 2% on Wednesday as VivoPower announced plans to become the first publicly traded company to adopt XRP as a treasury reserve asset. The announcement follows the company's completion of a $121 million private offering.

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