TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Cryptocurrencies Price Prediction: Solana, Dogecoin & Bitcoin – European Wrap 30 May

Cryptocurrencies Price Prediction: Solana, Dogecoin & Bitcoin – European Wrap 30 May
FXStreet TeamFXStreet TeamFXStreet

Solana Price Forecast: SOL targets the $140 level amid declining bullish momentum

Solana (SOL) is down nearly 7.008% so far this week on Friday as the broader crypto market faces a surge in volatility due to the reinstatement of US President Donald Trump’s tariffs. The US Appeals court lifted the ban on Trump’s tariffs temporarily on Thursday after the US International Trade court struck down tariffs on Wednesday. SOL is inching closer to its lowest trading price in two weeks as bullish momentum erodes and bearish sentiment surges in the derivatives market due to massive long liquidations. 

Chart

Dogecoin risks extended fall as Elon Musk exits DOGE

Dogecoin (DOGE) is down over 3% at press time on Friday as market volatility aligns with Elon Musk’s 130-day term as Special Government Employee, heading the Department of Government Efficiency (D.O.G.E.). Amidst the exit of Dogefather from federal responsibilities, President Donald Trump announces a press conference at the Oval Office on Friday at 1:30 P.M. EST, while Dogecoin risks a downfall below the $0.20 support. 

Chart

Bitcoin Weekly Forecast: BTC dips as profit-taking surges, but institutional demand holds strong

Bitcoin (BTC) is stabilizing around $106,000 on Friday, following three consecutive days of correction that have resulted in a near 3% decline so far this week. The correction in BTC prices was further supported by the profit-taking activity of its holders, which has reached a three-month high. 

Chart

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Ripple eyes $1.50 breakout despite softening on-chain activity

Ripple eyes $1.50 breakout despite softening on-chain activity

XRP remains elevated near $1.45 after a sharp spike from the weekly low of $1.31. XRP retains a neutral-to-bullish technical outlook, supported by the RSI and uptrending moving averages.

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash trades above $1,000 on Friday, building on its 16% gain from the previous day. On-chain data show a steady increase in shielded supply to 4.86 million ZEC tokens, pointing to growing demand for privacy.

Crypto’s $638 million buyback boom may not be as bullish as it looks

Crypto’s $638 million buyback boom may not be as bullish as it looks

Decentralized Finance (DeFi) protocols reportedly spent $638 million to buy back their native tokens in August, up 17% from a year earlier. On the surface, the buyback trend suggests the cryptocurrency industry is maturing fast.

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Bitcoin corrects lower toward $80,000 after testing highs at $81,269, supported by $731 million in ETF inflows. Ethereum bulls push to regain momentum, with $2,500 providing immediate support.

Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.