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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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Ripple and Stellar outlook: Rebound from key technical supports as derivatives turn mildly bullish

Ripple and Stellar outlook: Rebound from key technical supports as derivatives turn mildly bullish

Ripple and Stellar rebound slightly on Tuesday, trading above $1.359 and $0.191, respectively, following a correction the previous day. Both XRP and XLM now test key support levels, with improving derivatives metrics supporting their recovery. Derivatives data shows improving conditions for Ripple and Stellar.

Dogecoin Price Forecast: DOGE tests $0.0800 support level amid ETF outflows

Dogecoin Price Forecast: DOGE tests $0.0800 support level amid ETF outflows

Dogecoin price ticks higher at press time, showing signs of a rebound from the $0.0800 low earlier in the day and the previous day’s 5% decline. DOGE-focused Exchange Traded Funds are facing selling pressure, with nearly $400,000 in outflows on Monday, weighing on the meme coin. Dogecoin risks a decline of over 15% to the $0.0683 support level if prices break below $0.0800.

Ripple-backed Evernorth goes live on Nasdaq with 473 million XRP treasury

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Ripple-backed digital asset treasury firm Evernorth began trading on the Nasdaq on Monday under the ticker XRPN, giving traditional stock market investors exposure to XRP. The listing follows the completion of Evernorth’s business combination with Armada Acquisition Corp. II on Friday.
Bitcoin shows bottoming signs despite recent macro pressures

Bitcoin shows bottoming signs despite recent macro pressures

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