ADA and BNB Price Prediction for May 27. ADA/USD. The rate

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Shiba Inu (SHIB) Enters 'Red Zone' After Price Drops Below Crucial Support. Shiba Inu was slowly gaining traction on the market and looked like it was positioned pretty well for an upcoming bounce. However, things have changed faster than anyone could have anticipated. The price dropped below the 50 EMA and is not coming back. For now, SHIB's position is uncertain as a result of this abrupt decline. A break below the 50 EMA, a critical support level, suggests that sellers are gaining the upper hand. The 200 EMA, which is currently holding the line below very delicately, is the next major support. SHIB may test the 200 EMA and possibly decline even further if bears keep pushing. Selling volume increased noticeably as SHIB broke below the 50 EMA. This may indicate that traders are trimming their losses due to a lack of confidence, and that tendency may aggravate even further. Additionally, on the downward trend, the RSI is currently hovering just above the oversold area. Although this suggests that SHIB is oversold right now, a rebound is not guaranteed. Technical analysis relies heavily on moving averages, which are currently not to SHIB's advantage. The 20 EMA makes a bearish crossover when it crosses below the 50 ΕΜΑ. Keep a close eye on this pattern as it frequently signals impending declines. Further more, all major moving averages are currently being traded below by the price, which is generally a very bearish indication. Based on the present price movement, it appears that SHIB requires a significant uptick to prevent additional losses. In an ideal world, it would swiftly regain the 50 EMA to bolster market confidence. The 200 EMA is a potential support level for traders to watch, but if this level is broken, they should also brace themselves for additional downsides.

Toncoin (TON) Coasting Along With Unusual Whale Transactions. Toncoin (TON) is setting the pace for whale transaction count as the market seeks to maintain a balance between coins with a bearish trend and those sustaining their bullish momentum. Toncoin falls on the latter side of the aisle, building on the momentum it has registered since the start of this year. According to an update from top market analyst Ali Martinez, Toncoin whale transactions soared by more than 237% in a single day. By definition, Into TheBlock noted that whale transactions are those valued at $100,000 or more. As observed on the charts shared by Martinez, the Toncoin whale transaction soared from a low of five transactions over the past week to 27 as of June 3. Whale transactions have a way of shifting the narrative around the price of a particular digital currency. With more accumulation, the supply of the cryptocurrency in circulation is reduced, forcing a major crunch which, when matched with sustained demand, can drive the price of the coin higher. At the time of writing, TON, the native token of Toncoin, is up by 2.76% in the past 24 hours to $6.79. One intriguing trend was observed in the Toncoin ecosystem that further underscored the role of TON whales in fueling the price surge. The daily trading volume is down by more than 58% to $208,461,709. One major factor driving the TON whale transaction is the market action around Notcoin (NOT), the sensational token that launched on The Open Network in May. Notcoin is trying to carve a niche for itself as both a meme coin and a play-2-earn (P2E) game, one that has made it see a surge to an all-time high (ATH) of $0.02896 atop 201% growth in the trailing seven-day period. Toncoin remains in the top 10 list of most capitalized coins joining the altcoins, keeping Shiba Inu (SHIB) out of the top 10.

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BTC, ETH and XRP Price Prediction for June 3. BTC/USD. The rate of Bitcoin (BTC) has increased by 2.37% over the last day. On the daily chart, the price of BTC is on its way to testing the interim resistance level of $70,715. If the bar closes near it or above and with no long wick, the accumulated energy might be enough for a move to the $72,000-$73,000 zone. Bitcoin is trading at $69,212 at press time. ETH/USD. Ethereum (ETH) is following the rise of Bitcoin (BTC), going up by 1.13%. The rate of the main altcoin is testing the resistance of $3,849. If it breaks out, the upward move may lead to the test of the $3,900-$4,000 zone within the next few days. Ethereum is trading at $3,786 at press time. XRP/USD. XRP is the coin growing the least today, rising by 0.74%. Despite today's growth, the price of XRP has not accumulated enough energy for a midterm rise. In this case, sideways trading in the zone of $0.5150-$0.53 is the more likely scenario until the end of the week. XRP is trading at $0.5106 at press time.

Trump Advocates Cryptocurrency for Votes. As the US elections approach, former President Donald Trump is positioning himself favorably towards cryptocurrencies, contrasting President Biden's stringent stance. Trump's latest moves include issuing NFTs and accepting cryptocurrency donations. This shift aims to attract voter support and differentiate his campaign from Biden's anti-crypto position. Currently, Bitcoin trades at $69,700, interest. reflecting broader market. Trump and Cryptocurrency Strategy. Despite a history of skepticism, notably his 2019 tweet expressing disinterest in Bitcoin, Trump has recently embraced the crypto space. His actions, such as issuing NFTs, indicate a strategic pivot to harness the growing cryptocurrency community's support. Additionally, Trump advocates for reduced legal constraints on crypto investors, promising more regulatory freedom. Meanwhile, the Biden administration's approach appears to be reactive, with moves like the approval of the ETH ETF following Trump's overtures. The FIT21 draft bill, which aims to clarify altcoin classifications, also recently passed the House of Representatives. However, its full implementation might face delays, pending Senate approval and Biden's endorsement. Trump and the 2024 Election Prospects. Trump's candidacy for the November 2024 elections remains uncertain due to his recent conviction on 34 charges. Potential scenarios include appealing the decision, which could delay the sentence until after the 2024 elections. Given that his crimes do not mandate a prison term in New York, Trump might still participate in the elections. Polls currently show him with 41.3% voter support. According to the US Constitution, the prerequisites for presidential candidates do not include a clean criminal record. The conditions are being a US citizen, at least 35 years old, and having resided in the US for at least 14 years, all of which Trump fulfills. Hence, his conviction is unlikely to bar his candidacy, allowing him to compete against Biden.

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