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Cryptocurrencies Price Prediction: Polkadot, Ripple and Dogecoin – European Wrap 9 June

Cryptocurrencies Price Prediction: Polkadot, Ripple and Dogecoin – European Wrap 9 June
FXStreet TeamFXStreet TeamFXStreet

This is what traders should consider before trading Polkadot

Polkadot price vies to breakout and rally higher but there are many blockades sprinkled in its path. Due to a tight consolidation, a volatile move could potentially shatter these hurdles and propel DOT to reach its short-term target.

DOT/USDT 4-hour chart

Can Ripple’s recent win against the SEC help XRP price rebound?

XRP price shows an extensive bearish outlook that matches Bitcoin’s macro narrative. The pessimistic scenario is only one support breakdown away from triggering a nosedive. So, investors need to be careful with their investments in XRP/Ripple.

 
XRP/USDT 1-day chart

Dogecoin price eludes rationale as it continues to consolidate

Dogecoin price consolidation continues hand in hand with the reduction of volatility. As DOGE approaches a critical mass, investors need to be careful and expect a volatile move that will shatter immediate barriers or blockades.

DOGE/USDT 4-hour chart

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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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Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.