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

Cryptocurrencies Price Prediction: Dogecoin, SPX6900 & Ripple – Asian Wrap 29 May
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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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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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Top Altcoins Price Forecast: Ripple, Cardano and Solana halt decline amid signs of exhaustion

Top Altcoins Price Forecast: Ripple, Cardano and Solana halt decline amid signs of exhaustion

Top altcoins, Ripple, Cardano, and Solana, hold steady on Thursday, halting the prevailing decline linked to hot US inflation data and the post-US midterms period. The brief pause suggests that the markets have priced in October’s hot CPI of 0.4%, beating the 0.3% market expectation.

Ripple pares losses above $1.00 amid subdued investor interest

Ripple pares losses above $1.00 amid subdued investor interest

Ripple pares losses on Thursday, trading around $1.05 amid a largely lethargic broader cryptocurrency market. Bulls have found no relief since the sharp correction on November 5 and are banking on support between $1.00 and $1.05 to push for range trading ahead of fresh recovery attempts.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as bottom signals remain elusive

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as bottom signals remain elusive

Bitcoin corrects near a key support range near $73,000 on Thursday, trading alongside altcoin majors Ethereum and Ripple. The smart contract token, ETH, holds above its $2,000 demand area, while the remittance token XRP upholds technical weakness, raising correction odds below $1.00.

Pi Network rebound loses steam ahead of critical resistance trendline

Pi Network rebound loses steam ahead of critical resistance trendline

Pi Network price is holding steady around $0.0700 at press time on Thursday, consolidating around the round figure after Tuesday’s 8% rebound. The rebound coincided with a massive outflow of more than 590 million PI tokens from the OKX exchange wallet, suggesting reduced downside pressure.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.