Cryptocurrencies Price Prediction: Solana, Bitcoin & Dogecoin — Asian Wrap 16 June

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Top Crypto Gainers Price Prediction: Jito, Bitcoin Cash, and Solana lead the market recovery

Solana trades in the green by over 2% at press time on Sunday, extending the 5.76% Sunday gains. With two consecutive bullish candles, SOL holds above $140 and reverses the previous week’s pullback trend. The price action paints a double bottom reversal from the $140 support zone, with a neckline at $168, last week’s high. Further up, a critical resistance trendline formed by peaks on January 18, May 14, May 23, May 27, and June 11 stands as a key obstacle in Solana’s recovery.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, and XRP stabilize near critical support levels

Bitcoin price closed below its daily support level of $106,406 on Thursday and rebounded after retesting its 50-day Exponential Moving Average (EMA) at $102,893 the following day. BTC stabilized around the $105,000 level during the weekend. At the time of writing on Monday, it continues to consolidate, trading at around $105,788. If BTC fails to close above the $106,406 resistance level and declines, it could extend the decline to retest its key, psychologically important level at $100,000.

Dogecoin Price Prediction: Profit-taking in DOGE hits monthly high, raising the risk of a crash

Dogecoin (DOGE) hovers below its key weekly level of $0.18 at the time of writing on Monday, signaling a waning of bullish momentum. DOGE is flashing early warning signs, as on-chain data indicates rising selling pressure among holders, with profit-taking having surged to a monthly high and dormant wallet activity rising. Santiments’ Network Realized Profit/Loss (NPL) metric indicates that DOGE holders are booking some profits.

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Aave Price Forecast: AAVE surges as capital flows return to DeFi

Aave (AAVE) extends its rally, trading above $81 on Thursday after closing above its key resistance and surging more than 10% the previous day. The bullish move is supported by improving on-chain metrics, with USDT deposits flowing back into the protocol and strengthening its lending ecosystem.

Crypto Market Overview: Bitcoin tests $60,000 as whales sell off – Aave and Jupiter show resilience

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

XRP Price Forecast: Ripple and SBI Group partner to launch RLUSD in Japan

Ripple remains under pressure, trading at $1.06 after losing nearly 5% so far this week. Ripple and SBI Group partnered to launch RLUSD stablecoin in Japan following approval from the Japan Financial Services Agency on Thursday, but the move failed to lift sentiment.

Ethereum Price Forecast: ETH could see a 30% decline if history repeats

Ethereum (ETH) has fallen toward the $1,600 level, down over 3% on Wednesday as risk-off signs persist across key onchain metrics. The ETH Realized Price Lower Band, which has historically marked bear market bottoms for the top altcoin, suggests ETH has room for further downside before staging a proper upward move.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.