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Cryptocurrencies Price Prediction: Enjin, VeChain & Dogecoin – Asian Wrap 12 May

Enjin partnership with Uniqly catalyzes ENJ price to 20% bull rally

Enjin, an NFT-related blockchain, has announced integration with, Uniqly, a bridge between NFT and physical products. ENJ price revealed a quick bounce from a support area as users reacted to this news.

NFT adoption soars

Enjin has been one of the significant NFT-focussed blockchains before the mania took over the main street.

ENJ/USDT 12-hour chart

VeChain Price Prediction: VET looks to surge against mounting overhead pressure

VeChain price reveals a bullish momentum that could propel it higher, but the presence of resistance levels could greatly hinder its moves.

VeChain price on an arduous journey

VeChain price shows a non-volatile rangebound movement over the past 24 days. Despite producing higher highs and higher lows, indicating that the overall trend is bullish, VET looks to be in a consolidation phase.

VET/USDT 6-hour chart

Dogecoin Price Analysis: DOGE stabilizes in preparation for rally to $1

Dogecoin price corrected over 40% from the May 8 high, but outstanding support at the April high keeps bullish aspirations focused on $1.00.

Dogecoin price success lifting the fortunes of many investors

Dogecoin price rests at a pivotal point on the charts, trying to stay above the April high of $0.453. It is also important to note that the 50% retracement of the rally from the April low sits just below the current support at $0.443. 

DOGE 12-hour chart

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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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Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party
Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.