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Cryptocurrencies Price Prediction: Dogwifhat, 1INCH & Crypto – European Wrap 30 September

Cryptocurrencies Price Prediction: Dogwifhat, 1INCH & Crypto – European Wrap 30 September
FXStreet TeamFXStreet TeamFXStreet

Top dog-theme meme coins WIF, BONK, FLOKI: Double-digit gains on the horizon

The prices of top trending dog-theme-based meme coins, Dogwifhat (WIF), Bonk (BONK) and FLOKI (FLOKI), hold gains on Monday after prices increased more than 20% last week. The technical outlook suggests that the bulls still have steam to push these three meme coins for extra double-digit gains.

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1INCH price faces downturn after rejection at key resistance, negative on-chain metrics

1inch (1INCH) extends losses on Monday after being rejected from its key resistance level on Saturday. On-chain data further support the bearish outlook, as 1INCH’s Exchange Flow Balance is positive, and dormant wallets are in motion, suggesting a decline in the upcoming days.

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The crypto market takes defence

The cryptocurrency market starts the week on the defensive, losing 1.2% of its capitalisation in 24 hours to $2.27 trillion, although it is still up 3% from a week ago. This drawdown looks like short-term profit-taking from the recent wave of gains amid the risks of the upcoming jobs report and Powell’s comments.

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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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