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Cryptocurrencies Price Prediction: Monero, Pepe & Dogecoin – European Wrap 21 May

Cryptocurrencies Price Prediction: Monero, Pepe & Dogecoin – European Wrap 21 May
FXStreet TeamFXStreet TeamFXStreet

Monero rally in spotlight amid broader resurgence of interest in privacy-focused cryptocurrencies

Monero's (XMR) price surges to trade at around $362 on Wednesday, as consolidation takes centre stage in the broader cryptocurrency market. Interest in privacy-oriented coins like XMR has been gaining traction amid growing concerns about surveillance and scrutiny by regulatory authorities.

Pepe Price Forecast: Bullish momentum builds as open interest, funding rate support rally hopes

Pepe (PEPE) price trades higher by over 5% on Wednesday, trading around $0.000013, fueled by a rebound from a key support level. The rise in Open Interest (OI) and a shift to positive funding rates suggest growing trader confidence and potential for further upside. The technical analysis of the daily and weekly time frames indicates a potential double-digit gain for the frog-themed meme coin.

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Dogecoin and Shiba Inu Price Forecast: DOGE and SHIB show early signs of a bullish breakout

Dogecoin (DOGE) and Shiba Inu (SHIB) show early signs of a potential rally as both meme coins stabilize at key support levels. On-chain metrics for dog-themed meme coins show positive funding rates and dormant activity, reinforcing bullish sentiment. The technical outlook also supports the case for double-digit gains, setting the stage for renewed upward momentum in the dog-themed crypto duo.

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