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Cryptocurrencies Price Prediction: VeChain, SafeMoon and Enjin Coin – European Wrap 11 June

VeChain Price Prediction: VET forms potential bottom, eyes 30% upswing

VeChain price retraces to a stable demand level as investors book profits after a minor upswing. VET will face an uphill battle with multiple swing highs to take out. Therefore, investors can expect this rally to be a slow run-up.

VET/USDT 4-hour chart

SafeMoon Price Prediction: SAFEMOON looks to climb 20%

SafeMoon price shows a resurgence of bulls that have kept it from heading lower. Instead, SAFEMOON has ricocheted off the support level and might continue to rise if the buyers persist.

SAFEMOON/USDT 4-hour chart

Ethereum price prepares for a bullish weekend, targeting $3,000

Ethereum price seems to be consolidating, lacking the volume to breakout. But as the Salvadoran news settles in, ETH may be preparing to rebound. 

ETH/USDT 4-hour chart

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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.

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Ripple and Stellar outlook: Rebound from key technical supports as derivatives turn mildly bullish

Ripple and Stellar rebound slightly on Tuesday, trading above $1.359 and $0.191, respectively, following a correction the previous day. Both XRP and XLM now test key support levels, with improving derivatives metrics supporting their recovery. Derivatives data shows improving conditions for Ripple and Stellar.

Dogecoin Price Forecast: DOGE tests $0.0800 support level amid ETF outflows

Dogecoin price ticks higher at press time, showing signs of a rebound from the $0.0800 low earlier in the day and the previous day’s 5% decline. DOGE-focused Exchange Traded Funds are facing selling pressure, with nearly $400,000 in outflows on Monday, weighing on the meme coin. Dogecoin risks a decline of over 15% to the $0.0683 support level if prices break below $0.0800.

Ripple-backed Evernorth goes live on Nasdaq with 473 million XRP treasury
Ripple-backed digital asset treasury firm Evernorth began trading on the Nasdaq on Monday under the ticker XRPN, giving traditional stock market investors exposure to XRP. The listing follows the completion of Evernorth’s business combination with Armada Acquisition Corp. II on Friday.
Bitcoin shows bottoming signs despite recent macro pressures
Bitcoin (BTC) remained range-bound above $82,000 on Monday as upcoming US economic data and onchain indicators weigh on market sentiment. Crypto trading firm QCP Group stated in its Monday report that Bitcoin has maintained a firmer footing a year after the market’s largest single-day liquidation event.
Bitcoin: Uptober or Rektober?
Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.