Ethereum Classic Price Prediction: ETC eyes 40% upswing after brutal market crash
Ethereum Classic price undid its gains between May 2 and May 6 as it crashed during Wednesday’s trading session. Now, ETC is finding its foothold as it trades above a critical demand barrier. The MRI has flashed a buy signal adding credence to the bullish thesis.
VeChain price meltdown projects months of uncertainty for VET
VeChain price declined 85% from the May 17 high at $0.282 to today’s intra-day low of $0.042, erasing the gains from the beginning of February. It was a radical conclusion that leaves VET in a state of uncertainty for the days and weeks ahead. Simple ABC correction anticipated the bearish outcome.
XRP Price Prediction: Ripple legal clarity could trigger a new rally
XRP price collapsed almost 50% today at the intra-day low but has rebounded to show a decline of 31%. A near-term resolution to the SEC battle, which many believe will be the case, combined with rumors of an IPO following the case’s conclusion, may put Ripple in a solid position to lead the cryptocurrency market over the long term.
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EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
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Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.