Global Crypto Market

Cryptocurrencies Price Prediction: Dogecoin, Ethereum & Bitcoin – American Wrap 02 June – FXStreet




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Dogecoin price has recently shown bearish re-entrance in the market. The bulls lost about 10% of gains made since the uptrend on May 27. The new decline throws off the trajectory for the DOGE price and now places a large question mark surrounding the notorious meme coin’s future. 

Bitcoin price, Ethereum and other cryptocurrencies are in perfect equilibrium, with price action consolidating, forming lower highs and higher lows in the process. Buyers and sellers are getting squeezed into one another as a bearish triangle reaches completion in all three cryptocurrencies, ready for a possible breakout either next week or the week after that. The catalyst needed for that breakout will either be a central bank surprise, or a geopolitical event, so watching the headlines will be crucial to time the exact moment for engaging right.

Ethereum price has flipped its direction on the three-hour chart, undoing gains seen between May 28 and 31. While this correction might seem bearish, it could trigger a minor relief rally before a massive crash to significant levels.

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Ripple is on the cusp of popping higher propelled by relentless buying from bulls. Price action could accelerate once it rises above $0.4228, opening up space for a 20% rally towards $0.50, and reclaiming a few key support levels on the way.
BTC could nosedive to a new bottom at $24K according to analysts that believe a fresh sell-off is imminent. In May 2021, they predicted the crash that occurred then and have since been following the assets price evolution closely. 
SOL attempted a recovery rally after days of consolidation between a support and resistance level. This move was supposed to be the hail mary of bulls, but the buying pressure exhausted, leading to a lower high and correction that could exacerbate SOL’s condition.
Bitcoin price has been consolidating since the May 12 crash and has stayed relatively flat from a macro standpoint. As a result of this consolidation, BTC could be preparing for a volatile move that will shock investors.
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