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Cryptocurrencies Price Prediction: Stellar, SUI & Bitcoin – European Wrap 18 June

Cryptocurrencies Price Prediction: Stellar, SUI & Bitcoin – European Wrap 18 June
FXStreet TeamFXStreet TeamFXStreet

Stellar and ApeCoin Price Prediction: XLM and APE at risk of further losses as technical weakness grows

Stellar (XLM) and ApeCoin (APE) are showing signs of weakness as both altcoins struggle to hold above key support levels. XLM slips below its crucial support at $0.2537, raising the risk of a deeper correction. Meanwhile, APE is breaking below the lower boundary of an ascending triangle formation, a breakdown would signal a downtrend. Momentum indicators for both tokens are weakening, suggesting that bearish momentum is gaining traction and hinting at a downleg ahead.

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SUI Price Forecast: Triangle meltdown risks extended correction amid growing bearish bias

Sui (SUI) trades on a weaker note near a crucial support level at $2.78 on Wednesday following Tuesday’s steep correction. The negative outlook persists in the derivatives market as Open Interest (OI) crashes to a monthly low alongside the taker sell volume, pointing to an extended downfall. 

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Bitcoin Price Forecast: BTC steadies around $105,000 ahead of Fed decision, possible US involvement in Israel-Iran conflict

Bitcoin (BTC) hovers around $105,000 at the time of writing on Wednesday, following a 2% drop the previous day. Traders' are waiting for the US Federal Reserve (Fed) interest rate decision due later in the day, which could bring volatility to risky assets, such as BTC. Meanwhile, the risk sentiment stabilizes despite US President Donald Trump considering options for US military action against Iran.

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