Cryptocurrencies Price Prediction: SafeMoon, ApeCoin & Cardano — Asian Wrap 1 July


Can the second half of 2022 be kind to SafeMoon price?

SafeMoon price shows a bullish outlook that seems too good to be true. Investors that do not practice proper risk management could get caught off guard

SafeMoon price consolidated between the $0.000584 and $0.000414 levels since June 19. This coiling up capped the altcoin’s volatility. However, the recent bounce off the lower limit suggests that SAFEMOON is ready for a quick move higher.

SAFEMOON/USDT 1-day chart

Will the ApeCoin price fall to $2 this summer

ApeCoin price shows incoming sell-off signals on the final day of June. It is best to wait  for a breach of the invalidation level before counter-trend trading the Ethereum-based NFT Token.

ApeCoin price shows concerning signals to end the month of June. On June 18, the bulls managed to rally an impressive 75%. The expected profit-taking consolidation saw additional weighted pressure from bearish breakout traders . APE price has fallen 22% since the 75% rally at the time of writing. The technicals portray the potential for more downside as the bears are snowballing the bearish momentum.

tm/ape/6/30/22

Cardano price has fallen beneath $0.45, here’s what to expect in July

Cardano price shows no evidence to believe in a trend reversal. Expect calamity.

Cardano’s ADA price shows the continuation of the bearish trend is likely underway. Since June 25, what first appeared to be a simple consolidation within two coiling simple moving averages, quickly turned into a bearish blitzkrieg as traders came out to suppress the Cardano price. The ongoing downtrend could become increasingly powerful as the bears aim to besiege the liquidity levels under the June 18 swing low at $0.42. A breach of this low could be devastating for bulls in the market as the Cardano price could plummet an additional 50% into the $0.20 price level.

tm/ada/6/30/22


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. 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.

Recommended content


Recommended Content

Editors’ Picks

This week could be explosive for ETH: Ethereum ETFs to debut in the US on Tuesday

This week could be explosive for ETH: Ethereum ETFs to debut in the US on Tuesday

Ethereum (ETH) is down nearly 1% on Monday as the Securities & Exchange Commission (SEC) confirmed via its website on Tuesday that it has given the final approval for spot ETH ETFs. Considering the ETH ETF launch and the upcoming Bitcoin Conference, this week could prove crucial for Ethereum.

More Ethereum News

SEC gives final approval for Ethereum ETFs to begin trading

SEC gives final approval for Ethereum ETFs to begin trading

The Securities and Exchange Commission (SEC) approved the S-1 registration statements of spot Ethereum ETF issuers on Monday, making it the second digital asset ETF to go live in the US, according to the latest filings on its website. The approval is also visible across the websites of the various asset managers that applied for the product.

More Ethereum News

Could Donald Trump and Elon Musk provide Bitcoin's bullish spark?

Could Donald Trump and Elon Musk provide Bitcoin's bullish spark?

Trump could use Justice Department's 200,000 BTC as headstart for potential Bitcoin reserve, says analyst. Elon Musk hints at potential Bitcoin endorsement after US dollar value destruction post and laser eyes profile picture. The bearish crowd has remained silent since Bitcoin's two-week rebound.

More Bitcoin News

Crypto investment products continue positive run after $1.35 billion net inflows

Crypto investment products continue positive run after $1.35 billion net inflows

CoinShares' weekly report shows that crypto investment products saw a third consecutive week of inflows. Bitcoin saw inflows of $1.27 billion, with short-bitcoin recording more outflows. Ethereum-based products outperformed Solana on year-to-date inflows.

More Cryptocurrencies News

Bitcoin: Will BTC continue its bullish momentum?

Bitcoin: Will BTC continue its bullish momentum?

Bitcoin (BTC) price increased by 5.5% this week until Friday after breaking above a descending trendline. Currently, it is trading slightly higher by 0.23% at $64,166.

Read full analysis

BTC

ETH

XRP