Cryptocurrencies Price Prediction: Stellar, SafeMoon, Shiba Inu — Asian Wrap 1 July


XLM Price Prediction: Stellar might drop 15% as lackluster performance continues

XLM price has been on a massive downtrend since mid-May and shows that the buyers are nowhere to be found. As a result, Stellar has been trading near the lower range and attempts to revert to the mean has been foiled.

XLM price slid below the May 23 swing low at $0.272 on June 21 to form a bottom at $0.198. Lack of buying pressure has led to a slow recovery of the remittance token. Although Stellar has sliced through the crucial barrier at $0.272, it is currently being retested. 

XLM/USDT 4-hour chart

SafeMoon Price Forecast: SAFEMOON appears decisive, readies for a 20% rally

SafeMoon price has been engaged in a bottoming process that has twisted investors with various buy signals that eventually failed or never triggered. Currently, SAFEMOON appears to be framing a new bottoming pattern that could offer a timely opportunity to capture a 20% return.

SafeMoon price rallied almost 80% from the June 22 low of $0.00000230, surpassing the 50 two-hour SMA and logging the first overbought condition on the two-hour RSI since early May, demonstrating an impulsive bid and decisiveness for the rookie cryptocurrency. 

SAFEMOON/USD 2-hour chart

Shiba Inu Price Analysis: SHIB requires patience, but offers a compelling opportunity

Shiba Inu price has been engaged in a lengthy bottoming process that appears to be finally resolving to the upside after SHIB triggered the neckline of an inverse head-and-shoulders pattern on June 29. If the digital asset can overcome the declining 50-day SMA, it may rally 30% before identifying relevant resistance and interested sellers.

SHIB/USD 12-hour chart

 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Join Telegram

Recommended content


Recommended Content

Editors’ Picks

TRON gains 10% in 2024, supply of stablecoins reaches over $50 billion in Q1

TRON gains 10% in 2024, supply of stablecoins reaches over $50 billion in Q1

TRON, a blockchain-based digital platform, has seen positive growth in the first quarter of 2024, as seen in a Messari report. TRON noted gains across several metrics like market capitalization, revenue and total value locked. 

More Tron News

XRP hovers near $0.50 as Ripple CTO addresses concerns related to stablecoin launch

XRP hovers near $0.50 as Ripple CTO addresses concerns related to stablecoin launch

XRP is hovering near $0.53 on Friday, spending nearly all week below $0.55. Ripple CTO David Schwartz addressed concerns on stablecoin and XRP utility on Thursday. 

More Ripple News

Terraform Labs set to restrict access for users in the US after recent ruling in SEC lawsuit

Terraform Labs set to restrict access for users in the US after recent ruling in SEC lawsuit

Blockchain company Terraform Labs said Thursday that it will restrict access to some of its products and services for US-based users as it expects to receive a court order soon in light of its legal battle against the US Securities and Exchange Commission (SEC).

More Terra News

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

More Bitcoin News

Bitcoin: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin: BTC’s next breakout could propel it to $80,000

Bitcoin’s (BTC) recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read full analysis

BTC

ETH

XRP