Cryptocurrencies Price Prediction: Solana, Bitcoin & Dogecoin — Asian Wrap 16 June
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.
Author
FXStreet Team
FXStreet
