Cryptocurrencies Price Prediction: Floki, Ethereum & Shiba Inu — Asian Wrap 27 June

FXStreet Team FXStreet

Could profit-taking from FLOKI holders lower its price?

FLOKI is down nearly 6% on Wednesday, as key on-chain metrics and speculations suggest that investors may enter a profit-taking spree if its price encounters a steep decline.

Ethereum ETFs may launch on July 4, could see 40% rally afterwards

Ethereum (ETH) is down 1% on Wednesday following reports that the Securities & Exchange Commission (SEC) could approve spot ETH ETFs on July 4. Meanwhile, brokerage and financial services firm, StoneX, predicted ETH to see a 40% gain in two months after ETH ETFs go live.

Shiba Inu price poised for 18% rally after three-month-long downtrend

Shiba Inu (SHIB) price found support at the 200-week Exponential Moving Average and is currently trading up 2.3% on Wednesday. On-chain data indicates SHIB experienced a capitulation event on June 24, with supply on exchanges decreasing, suggesting bullish momentum could drive SHIB's price higher in the coming days.

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FXStreet Team

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Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Bitcoin Weekly Forecast: BTC hits 20-month low, will the pain continue?

Bitcoin recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot ETFs recorded $1.35 billion in net outflows through Thursday.

XRP clings to $1 as long liquidations deepen bearish trend

Ripple trades near the key psychological support level of $1 at the time of writing on Friday after losing more than 8% so far this week. CoinGlass liquidation data shows that over 97% XRP long positions were wiped out over the past 24 hours.

Pi Network Price Forecast: Minor recovery amid market crash fuels short-term hope

Pi Network price records a mild 3% recovery at press time on Friday, shaping a rebound from a broken descending trendline. The declining trend in trading volume has stabilized around $10 million this week, supporting the possibility of an extended recovery as selling pressure wanes.

Bitcoin: BTC hits 20-month low, will the pain continue?

Bitcoin (BTC) recovers slightly, trading at $66,000 on Friday after reaching a new yearly low of $58,115 earlier this week, its lowest level since October 2024. Institutional selling intensified as spot Exchange Traded Funds (ETFs) recorded $1.35 billion in net outflows through Thursday.