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Cryptocurrencies Price Prediction: SafeMoon, VeChain & Dogecoin — Asian Wrap 7 June

Cryptocurrencies Price Prediction: SafeMoon, VeChain & Dogecoin — Asian Wrap 7 June
FXStreet TeamFXStreet TeamFXStreet

SafeMoon Price Forecast: SAFEMOON continues its descent with minor upswings

SafeMoon price tried restarting the upswing as it bounced on May 23. However, this attempt was a failure as sellers pushed SAFEMOON lower. The buyers will face a test around a critical resistance level, which will decide the direction for SafeMoon price for the upcoming weeks.

VeChain Price Prediction: VET sweeps lows in preparation for 63% advance

VeChain price is consolidating inside a bullish technical formation, suggesting a massive rally shortly. Although VET broke out of the pattern, the buyers are not backing this move. The technical pattern projects a 63% bull rally to $0.235 for VET.


 
Dogecoin Price Prediction: DOGE contemplates 30% advance

Dogecoin price is currently in a no-trading zone per se and shows no apparent bias. The 71% drawdown has reduced to 50% after the recent recovery. However, a confirmed bullish prejudice has not developed yet. After a rally above $0.45, if DOGE breaks down $0.380, the bullish thesis will face invalidation.

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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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Ethereum Price Forecast: ETH on-chain signal remains weak even as mild retail distribution continues

Ethereum Price Forecast: ETH on-chain signal remains weak even as mild retail distribution continues

Ethereum continued to consolidate in the tight $1,800-$2,000 range amid weak signals across key on-chain metrics. ETH Exchange Netflow, which measures the difference between coins flowing in and out of exchanges, indicates mild dominance in selling activity after its 14-day moving average flipped positive.

Crypto Overview: Bitcoin holds at $63,000 – Cosmos, Pump.fun lead gains

Crypto Overview: Bitcoin holds at $63,000 – Cosmos, Pump.fun lead gains

Bitcoin hovers around $63,000 as the broader crypto market maintains a risk-off sentiment. Rising against the tide, Cosmos and Pump.fun are leading gains over the last 24 hours, emerging as top performers. CoinMarketCap’s Fear and Greed Index at 37 on Friday flattens below the neutral zone, indicating persistent mildly risk-averse conditions.

Top 3 Price Prediction: BTC holds strong, ETH on the verge of breakout, XRP signals recovery

Top 3 Price Prediction: BTC holds strong, ETH on the verge of breakout, XRP signals recovery

Bitcoin, Ethereum, and Ripple show signs of recovery after a correction earlier this week. BTC finds support around the key $63,300 level, ETH continues to trade sideways, while XRP holds strong above the $1.00 psychological level. The price action of the top three cryptocurrencies suggests a short-term rebound if these key levels continue to hold.

SharpLink to stake $200 million in Ethereum through Lido

SharpLink to stake $200 million in Ethereum through Lido

SharpLink Gaming (SBET) announced plans to stake $200 million in Ethereum (ETH) through Lido as part of its strategy to generate returns from its ETH treasury, according to a Thursday announcement. The allocation will be converted into wrapped staked ETH (wstETH), which represents staked Ethereum and the associated staking rewards.
Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.