|

Cryptocurrencies Price Prediction: Ethereum, VeChain and SafeMoon – European Wrap 5 October

Three reasons why Ethereum price is going to $5,000

Bitcoin price suffered two fatal corrections on September 7 and September 20. However, the buyers stepped in, giving bears a run for their money, leading to consolidation. The buyers appear to have taken control of the ship and likely aim to break out from a bullish pattern.

ETH/USD 1-day chart

VeChain Price Prediction: VET to shake out bears with upswing to $0.13

VeChain price continues to trend higher despite the consolidative nature of the cryptocurrency market. While VET is displaying a bullish outlook, its upside remains capped by a crucial resistance barrier.

VET/USDT 1-day chart

SafeMoon price diverges as bulls hold keys to break downtrend at $0.00000118

SafeMoon (SAFEMOON) price is finally showing some divergence after six consecutive weeks of the downtrend in SAFEMOON price action. Bulls can defend a crucial level at $0.00000118, which is the crossroad between the downtrend and the start of the uptrend. Bulls have the power to run SafeMoon price toward $0.00000296.

SAFEMOON/USD weekly chart

Author

More from FXStreet Team
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades. 

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.