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Cryptocurrencies Price Prediction: Solana, Bitcoin & Dogecoin – European Wrap 29 August

FXStreet Team FXStreet

Three reasons why Solana could hit $250

Solana (SOL) is trading near the $200 support level on Friday. The Ethereum alternative token could target the $250 resistance, while several factors fuel a bullish thesis for the altcoin.

The three key catalysts are institutional demand, rising value of assets locked in the Solana blockchain and the momentum indicators on the daily SOL/USDT price chart.

Bitcoin Weekly Forecast: BTC steadies after a massive sell-off

Bitcoin (BTC) extends its decline this week, trading below $110,000 at the time of writing on Friday. The largest cryptocurrency has fallen more than 10% from its August record high, with over $1.8 billion in liquidations rattling crypto markets, mostly from long positions. Traders should remain cautious as spot demand stays neutral and perpetual futures sentiment appears fragile.

Bitcoin price opened the week under pressure, extending its decline and crashing by over 13% from the August 14 record high of $124,474 to a low of $108,666 on Tuesday. This price correction comes despite the dovish remarks from Federal Reserve Chair Jerome Powell at Jackson Hole last week, who said that the central bank will adopt a new policy framework of flexible inflation targeting and eliminate the 'makeup' strategy for inflation. "Framework calls for a balanced approach when the central bank's goals are in tension," Powell added.

Meme Coin Price Prediction: DOGE, SHIB, PEPE test key levels amid muted interest

Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are holding at crucial support areas as a potential altcoin season loads. However, interest remains muted in the derivatives market as meme coins suffer from declining open interest.

CoinGlass data shows that the Open Interest (OI) of Dogecoin, Shiba Inu, and PEPE has decreased by nearly 2%, 7%, and 4%, respectively. Typically, a loss in OI refers to a decline in interest from derivatives traders, resulting in capital outflows as they wait and see on the sidelines.

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FXStreet Team

FXStreet

Bittensor extends recovery despite retail demand slump

Bittensor, a leading Artificial Intelligence token, is aging up above $190 at the time of writing on Wednesday. Steady price increases characterise the broader crypto market, with Bitcoin holding above $71,000 and Ethereum above $2,000.

XRP rises as ETF inflows persist, but low retail demand may limit recovery

Ripple is gaining upside momentum, trading above $1.40 at the time of writing on Wednesday. The remittance token is rising in tandem with major crypto assets, including Bitcoin, which has crossed above the pivotal $70,000 level, and Ethereum, which is holding above $2,000.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid mixed ETF flows

The cryptocurrency market is showing subtle recovery signs despite heightened global uncertainty following the United States (US) and Israel attacks on Iran and the subsequent retaliations that have morphed into a wider Middle East war.

Renewed ETF inflows send BTC above $71,000, offsetting war uncertainty

Bitcoin price rises by 5%, near the upper boundary of the recent consolidation range. US-listed spot ETFs recorded an inflow of $225 million on Tuesday, marking the second consecutive day of positive flows this week.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.