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Cryptocurrencies Price Prediction: Ethereum, SafeMoon and Dogecoin – European Wrap 31 May

Cryptocurrencies Price Prediction: Ethereum, SafeMoon and Dogecoin – European Wrap 31 May
FXStreet TeamFXStreet TeamFXStreet

Three reasons why Ethereum could crash to $1,200

Ethereum price seems to have found support on the 21-week Exponential Moving Average (EMA), which has paused the downswing momentarily. While a continuation of the rally seems logical, several on-chain metrics point to a rather off-putting outlook for ETH.

ETH/USD 1-week chart

SafeMoon Price Prediction: SAFEMOON hints at reversal of its downswing

SafeMoon price is currently undecided on its directional bias and could sway either way. However, going by the general market structure of most cryptocurrencies, it is likely SAFEMOON will head higher.

SAFEMOON/USDT 4-hour chart

Dogecoin Price Prediction: DOGE eyes 30% gains as it bounces off critical support

Dogecoin price is on a slow but steady downtrend, suggesting a lack of bullish momentum. However, its recent bounce from a key support barrier could restart the uptrend

DOGE/USDT 4-hour chart

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