Cryptocurrencies Price Prediction: SafeMoon, Litecoin and Polkadot – European Wrap 8 September

FXStreet Team FXStreet

SafeMoon price breaches crucial support level, 35% correction on horizon

SafeMoon price has been on a massive downswing since August 28, indicating weak holders. Although the recent crash has sliced through multiple support levels, SAFEMOON shattered a critical support level on September 6. This move could trigger more losses for the altcoin.

Litecoin Price Prediction: LTC walks on thin ice as directional bias disappears

Litecoin price has faced the brunt of the collapsing market as it sliced crucial support levels. However, LTC is currently above another key demand barrier, which will decide the altcoin’s near future, i.e., if it will head higher or lower.

Analysts believe Polkadot price will surpass $100 with the launch of parachains

Over 1.7 million KSM tokens are locked for parachains and crowd loans. The cross-chain protocol Polkadot will soon operate relay chains and parachains.

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Dogecoin Price Forecast: Smart money flees DOGE, exposing a 12% downside risk

Dogecoin price hovers around $0.0850 at press time on Monday, keeping steady after a 5% rebound the previous day from the February 6 low at $0.08000. On-chain data show that large-wallet investors with 100 million to 1 billion DOGE have reduced their holdings to a five-month low, providing the downside pressure.

Cardano Price Forecast: ADA downtrend persists as bearish setup caps whale-backed rebound

Cardano remains under pressure, trading below $0.170 on Monday after a massive correction in the previous week. The bearish price action is supported by the uncertainty surrounding Charles Hoskinson’s remarks last week, which weighed heavily on market sentiment.

Crypto Overview: Zcash, Bittensor, and Ethereum stall after a mild rebound

The broader cryptocurrency market shows a stalled rebound after Friday's crash linked to the US Jobs data release. Bitcoin hovers above $63,000 at press time on Monday, while Zcash, Bittensor, and Ethereum emerge as top performers over the last 24 hours.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC under pressure, ETH breaks support, XRP weakens targets $1

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain under pressure at the start of this week after losing more than 14%, 15%, and 13%, respectively, in the previous week. BTC struggles below $63,000, ETH loses key support zones, while XRP’s momentum indicators continue to favor further downside.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.

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