European Wrap 5 July

Ethereum Weekly Forecast: Social media giants give away ETH-based NFTs as bulls set stage for $3,000
Ethereum price seems to have hit a local top for its recent slow but steady uptrend. A minor retracement into a demand zone is likely and necessary for the upswing that the bulls have been waiting for.

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ETH/USDT 1-day chart

XLM Price Prediction: Stellar kick-starts a 12% descent
XLM price has been trying to slice through a critical resistance level over five times in the past ten days but has failed to do so. The recent pullback is a result of rejection at the same barrier.

XLM/USDT 4-hour chart

Shiba Inu price respects Fibonacci levels, SHIB ready for test to the downside
Shiba Inu price made an impressive jump this past weekend, together with most other cryptocurrencies. But it looks like profit-taking is already in full gear this morning for SHIB.

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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.

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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.

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Shiba Inu price will certainly pair losses as, overall, nothing has changed the risk sentiment. It is just crucial to wait for the right approach as buyers step in. As said, either $0.00000820 or $0.00000837 are the two key levels to watch for a long.

Should more downward pressure and more selling be coming in today, expect a complete retrace of the move toward $0.0000080 before buyers enter in full.

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.

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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.

Shiba Inu price respects Fibonacci levels, SHIB ready for test to the downside

Shiba Inu price broke an essential trendline during the Asian session this morning.
Overall, major cryptocurrencies like Bitcoin and Ethereum are in negative territory on Monday.

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A redip to $0.000008 would present the right buying opportunity for SHIB.
Shiba Inu price made an impressive jump this past weekend, together with most other cryptocurrencies. But it looks like profit-taking is already in full gear this morning for SHIB.

Shiba Inu bulls prepare to buy the dip
Over the weekend, the cryptocurrency was very much in the green across the board. Higher cap tokens were leading the way, with Bitcoin up almost 5%. But during the Asian session on Monday morning, profit-taking took over. Sentiment turned sour and made other cryptocurrencies like Shiba Inu dip lower.

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The spike in profit-taking this morning saw Shiba Inu price drop from $0.00000895, erasing almost all the profits made since Saturday morning. Although SHIB had a bounce off the black ascending trend line toward $0.00000878 over the weekend, this support level got broken and prices dipped lower toward $0.00000837, where it started Saturday morning.

Shiba Inu price managed to stay above that level for now. But the question is, “For how long?”. With the top cryptocurrencies not pairing their losses, a false breakout looks like it is in the making.

Next to that, the general sentiment in the markets this morning was not positive. With the US markets closed for the holiday, US equity futures are all in the red this morning. With low volume, no natural recovery is expected today.

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SHIB can thus still go another leg lower with buyers on the sidelines. On the downside, we already discussed $0.00000837, which matches the 61.8% Fibonacci level. A test of the 78.6% level would be interesting as this is where buyers stepped in on Friday night.

SHIB/USD 4-hour chart

SHIB/USD 4-hour chart

To the upside, a retest of the 23.6% Fibonacci level at $0.00000873 would be proof that more upside is yet to come.

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Shiba Inu price will certainly pair losses as, overall, nothing has changed the risk sentiment. It is just crucial to wait for the right approach as buyers step in. As said, either $0.00000820 or $0.00000837 are the two key levels to watch for a long.

Should more downward pressure and more selling be coming in today, expect a complete retrace of the move toward $0.0000080 before buyers enter in full.

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.

slot

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.

Shiba Inu price respects Fibonacci levels, SHIB ready for test to the downside

Shiba Inu price broke an essential trendline during the Asian session this morning.
Overall, major cryptocurrencies like Bitcoin and Ethereum are in negative territory on Monday.
A redip to $0.000008 would present the right buying opportunity for SHIB.
Shiba Inu price made an impressive jump this past weekend, together with most other cryptocurrencies. But it looks like profit-taking is already in full gear this morning for SHIB.

jumbo jili

Shiba Inu bulls prepare to buy the dip
Over the weekend, the cryptocurrency was very much in the green across the board. Higher cap tokens were leading the way, with Bitcoin up almost 5%. But during the Asian session on Monday morning, profit-taking took over. Sentiment turned sour and made other cryptocurrencies like Shiba Inu dip lower.

The spike in profit-taking this morning saw Shiba Inu price drop from $0.00000895, erasing almost all the profits made since Saturday morning. Although SHIB had a bounce off the black ascending trend line toward $0.00000878 over the weekend, this support level got broken and prices dipped lower toward $0.00000837, where it started Saturday morning.

Shiba Inu price managed to stay above that level for now. But the question is, “For how long?”. With the top cryptocurrencies not pairing their losses, a false breakout looks like it is in the making.

Next to that, the general sentiment in the markets this morning was not positive. With the US markets closed for the holiday, US equity futures are all in the red this morning. With low volume, no natural recovery is expected today.

สล็อต

SHIB can thus still go another leg lower with buyers on the sidelines. On the downside, we already discussed $0.00000837, which matches the 61.8% Fibonacci level. A test of the 78.6% level would be interesting as this is where buyers stepped in on Friday night.

SHIB/USD 4-hour chart

SHIB/USD 4-hour chart

To the upside, a retest of the 23.6% Fibonacci level at $0.00000873 would be proof that more upside is yet to come.

Shiba Inu price will certainly pair losses as, overall, nothing has changed the risk sentiment. It is just crucial to wait for the right approach as buyers step in. As said, either $0.00000820 or $0.00000837 are the two key levels to watch for a long.

Should more downward pressure and more selling be coming in today, expect a complete retrace of the move toward $0.0000080 before buyers enter in full.

สล็อตออนไลน์

the breakout was short-lived, and SHIB has fallen into a consolidation, releasing the overbought conditions on the lower timeframes. If the rookie cryptocurrency can sustain a rally above the declining 50-day SMA, it could rally 33% before striking meaningful resistance.

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.

jumboslot

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.

slot

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.

Wrap 02 July

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Burden of proof still rests on the BTC bulls
Resistance levels under the microscope this week as the cryptocurrency majors stumbled at established barriers.

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Bitcoin price retracted from crucial $35,500 level, Ethereum price stalled at the 50% Fibonacci retracement level at $2,237 and XRP price strength was paralyzed by the 200-day simple moving average (SMA) at $0.733.

The constructive technical developments of last week have not released the momentum to confidently bust through higher resistance levels, putting attempts to disentangle from the recent churn on hold.

VeChain price stuck in tight range, VET will go sideways for the rest of the summer
VeChain price has not been able to go higher after the recovery from $0.04 towards $0.16.

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VET corrected further down and is looking for support from buyers. The area around $0.1 is forming a heavy cap on the possible further upside for Vechain. VeChain price looks to be in a difficult spot with upside potential very limited, but even for sellers, it doesn’t look appealing to go short VET.

Shiba Inu Price Prediction: SHIB investors need their eyes on the prize as 30% rally awaits
Shiba Inu price activated the inverse head-and-shoulders pattern on June 28. Nonetheless,

สล็อตออนไลน์

the breakout was short-lived, and SHIB has fallen into a consolidation, releasing the overbought conditions on the lower timeframes. If the rookie cryptocurrency can sustain a rally above the declining 50-day SMA, it could rally 33% before striking meaningful resistance.

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.

jumboslot

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.

slot

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.

Elon Musk Tweet Sends New Baby Doge Coin Soaring — Meme Token’s Daily Gains Jump 228%

While dogecoin and the ERC20 token shiba inu have surprised the masses with phenomenal gains this year, another dog token has entered the fray. A coin project called “Baby Doge” has risen 228.3% during the last 24 hours and even more so after Tesla’s CEO Elon Musk tweeted about the crypto asset.

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Another Canine Crypto Coin Sees Its Value Surge
Just when you thought there were plenty of dog meme tokens flooding the market, another canine coin has broken free from the kennel. A new token called baby doge (BABYDOGE) has been the talk of the crypto community the last few days, and Elon Musk decided to tweet about the token on Thursday. Musk’s tweet wasn’t very coherent and he simply said:

Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge, doo, doo, doo, doo, doo, Baby Doge.

Of course, Musk’s tweet sent the baby doge token skyrocketing as the digital currency has risen 228.3% over the last 24 hours. Seven-day stats against the U.S. dollar show baby doge is up 53% this week, and across the last two weeks the coin has jumped 716.9%.

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Elon Musk Tweet Sends New Baby Doge Coin Soaring — Meme Token’s Daily Gains Jump 228%
Baby doge has a “woof paper,” an audit, and other documentation concerning this coin.
Information about baby doge can be found on the Binance Smart Chain (BSC) token tracker bscscan.com and the crypto asset has a website called babydogecoin.com.

“Baby Doge Coin has learned a few tricks and lessons from his meme father, Doge,” the web portal says. “A new crypto birthed by fans [and] members of the Dogecoin online community. Baby Doge seeks to impress his father by showing his new improved transaction speeds [and] adorableness,” the website adds. Furthermore, the website notes:

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[Baby doge] is Hyper-deflationary with an integrated smart staking system built in to reward you, so more baby doge coins are being automatically added to your wallet each transaction. Simply Love, pet, and watch your baby doge grow.

How Does Baby Doge Compare to the Dogefather and Sibling Shiba Inu?
The dog meme token may be somewhat deflationary by its design as holders of baby doge earn them simply by holding. “Watch the amount of baby doge grow in your wallet as all holders automatically receive a 5% fee from every transaction that happens on the Baby Doge network,” the web portal details.

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However, there is an abundant supply of baby doge as bscscan.com and other coin market cap aggregation sites show there are four hundred twenty quadrillion baby doge. That’s very different from the Bitcoin (BTC) network’s max supply of 21 million.

Elon Musk Tweet Sends New Baby Doge Coin Soaring — Meme Token’s Daily Gains Jump 228%
A chart created by the Baby Doge development team shows the differences between DOGE and SHIB.
The coin trades today for less than a U.S. penny at $0.000000001910 per baby doge. It touched an all-time high (ATH) recently, at $0.000000002014 and it’s only down 5% from the ATH. Similar to the shiba inu (SHIB) coin, it’s got a ways to go before it reaches a U.S. penny in value.

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SHIB, on the other hand, is much closer than baby doge, at $0.00000839 per SHIB token. The circulating supply of SHIB is a lot less too, with only four hundred ninety-seven trillion SHIB in circulation today.

The one thing baby doge (BABY DOGE) has that outshines its father dogecoin (DOGE) and its sibling shiba inu (SHIB) is lower transaction fees. SHIB, for example, is an ERC20 token and is forced to deal with fees associated with Ethereum, while dogecoin costs over 2 DOGE to send as the average transaction fee on Thursday is around $0.491 per transaction.

Transacting with BSC and baby doge gives users fees as low as 1 gwei (an Ethereum gas measurement), or around 0.000000001 BNB. There’s no fee data on the baby doge token, but a transaction should cost less than a U.S. penny.

Shiba Inu price might ride Bitcoin adoption wave and rally 45% soon

Shiba Inu price has shown a massive performance since June 8.
Although SHIB rides hype waves, it has reacted well to Bitcoin news and might continue to do so.

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A 45% upswing might follow a minor retracement toward critical support levels to $0.0000107.
Shiba Inu price saw a massive downtrend between May 24 and June 12, which shattered the May 19 and May 23 lows to set up new ones. Despite a vast drawdown, the recovery for SHIB has been quite spectacular.

More importantly, Shiba Inu price is reacting to significant developments in the cryptocurrency space as well as celebrity endorsements, which has boded well for the meme coin.

Bitcoin’s increasing influence on meme coin community
El Salvador accepting Bitcoin as legal tender was crucial to the cryptocurrency ecosystem, and BTC price reacted accordingly. Interestingly, this news led Shiba Inu price to form a bottom due to the announcement and also rallied 22% as a result.

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Soon thereafter, Coinbase announced that it would list Shiba Inu, which pushed the market value of the dog-themed crypto by a whopping 50% in less than 16 hours.

A similar uptrend was noticed after Elon Musk tweeted about Shiba Inu on June 25.

While these events have already occurred, payments giant NCR’s decision to offer bitcoin purchases to its 24 million customers is the next big wave of adoption, which might positively sway Shiba Inu price.

On June 30, Atlanta-based NCR made a deal with NYDIG, a digital asset management firm, to offer Bitcoin purchases to its customers spread across 650 banks in the US. This decision comes as NCR plans to ride the cryptocurrency hype wave, which is becoming apparent recently.

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NCR will skirt the complications of holding cryptocurrencies by leveraging NYDIG’s well-known digital asset custody services.

Regardless, this is a huge step forward for the adoption of Bitcoin and cryptocurrencies in general. Therefore, investors can expect a positive trend for BTC, Shiba Inu and other altcoins in the second half of this week.

Shiba Inu price might retrace before blasting off
Shiba Inu price is currently retracing after tagging the 62% Fibonacci retracement level at $0.00000954 for the fourth time over the past month.

The pullback is likely to continue until SHIB finds support at $0.00000811 or $0.00000739. At either of these two demand barriers, investors can expect the resurgence of buyers that might catapult Shiba Inu price forward.

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If this were to occur, SHIB is likely to slice through the 62% Fibonacci retracement level at $0.00000954, followed by a retest of the 70.5% Fibonacci retracement level at 0.0000104, a 45% upswing from the support level at $0.00000739.

In a highly bullish case, the meme coin can be expected to produce a decisive 4-hour candlestick close above the 79% Fibonacci retracement level at $0.0000122.

If the buying pressure continues after this development, Shiba Inu price might redefine the upper range.

SHIB/USDT 4-hour chart

SHIB/USDT 4-hour chart

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On the flip side, if SHIB fails to slice through $0.0000122 and stay above it, it will indicate that investors are more interested in short-term profits, which might result in a downswing to $0.0000101 or if the market participants continue to book profits, $0.00000954.

This move would not be a bearish indication but suggests that Shiba Inu price might take another jab at retesting the upper range.

However, if the meme coin breaks down the support barrier at $0.00000625, the chances of an upswing would be reduced dramatically. In such a case, Shiba Inu might drop to the range low at $0.00000517.