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Cryptocurrencies Price Prediction: PEPE, Cardano & Dogecoin — Asian Wrap 16 May

Cryptocurrencies Price Prediction: PEPE, Cardano & Dogecoin — Asian Wrap 16 May
FXStreet TeamFXStreet TeamFXStreet

Cardano price buy signal offers 10% upside for day traders

Invalidation of the bullish thesis will occur if the altcoin flips the $0.342 support barrier into a resistance level.

ADA/USDT 1-day chart

Dogecoin price is holding above an important price point after noting a consistent decline for nearly a month. The meme coin leader falling to a two-month low triggered significant activity among a particular cohort, however, their impact on the bigger picture remains rather insignificant.

DOGE/USD 1-day chart

Best time to invest in Pepe, expert insights from former Dogecoin millionaire

Dogecoin (DOGE) millionaire, Glauber Contessoto, has offered insights on the best time to invest in Pepe (PEPE), the sensational meme coin that made headlines recently with sky-high daily rises.
 

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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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Ripple ticks higher as selling pressure eases amid whale net outflows

Ripple ticks higher as selling pressure eases amid whale net outflows

Ripple edges higher near $1.30 on Wednesday, building on a broader crypto market recovery wave. The uptick comes amid the US midterm elections, in which the Democratic Party has clinched victory in the Senate and is on track to gain control of Congress.

Crypto Today: Bitcoin, Ethereum, XRP extend advance as US Dollar slides on Democrats' US midterm victory

Crypto Today: Bitcoin, Ethereum, XRP extend advance as US Dollar slides on Democrats' US midterm victory

Bitcoin trades above $78,000 on Wednesday as risk-on sentiment improves in the broader cryptocurrency market. Ethereum mirrors BTC’s recovery outlook, hovering above $2,300. Ripple similarly exchanges hands above $1.28, marking two consecutive days of gains.

Pi Network Price Forecast: Bullish breakout hopes fade as PI approaches record lows

Pi Network Price Forecast: Bullish breakout hopes fade as PI approaches record lows

Pi Network (PI) is trading in the red on Wednesday, hovering around $0.0755, with a downside risk toward the $0.0704 record low. The retail activity in the derivatives market declines as PI futures Open Interest plunges to nearly $7.50 million.

US midterm elections set up a potential volatility shock for BTC

US midterm elections set up a potential volatility shock for BTC

Bitcoin holds above the key 200-day EMA but remains capped by the 100-day EMA, with a breakout in either direction likely to determine its next directional bias. Analysts remain bullish on BTC but expect a significant price swing in either direction, favoring volatility-based strategies over directional bets.

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin: Binance security breach and hawkish Fed push BTC lower

Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.