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🔥Cryptocurrency: Top 3 Coins To Watch Under $1 In May 2024 🐕 Shiba Inu (SHIB): SHIB remains a popular choice under $1, poised for a potential rally. CoinCodex predicts SHIB could reach a new all-time high of $0.00008813 by May 24, 2024, translating to a growth of about 240%. Changelly also anticipates bullish movement, with SHIB projected to hit $0.00008739 on May 22, 2024. 💧 XRP: Ripple's XRP, although under $1, faces hurdles due to its ongoing SEC lawsuit. A favorable court ruling could trigger a surge in XRP's price, following a district court's partial ruling in favor of Ripple in 2023. Investors await the outcome from the high court, which may impact XRP's trajectory. 🐶 dogwifhat (WIF): WIF, having recently hit an all-time high of $4.83, is another contender for May. CoinCodex forecasts WIF to potentially surge further to $9.76 by May 24, 2024, signaling potential growth and investor interest.

🔥Cryptocurrency: Top 3 Coins To Watch Under $1 In May 2024

🐕 Shiba Inu (SHIB): SHIB remains a popular choice under $1, poised for a potential rally. CoinCodex predicts SHIB could reach a new all-time high of $0.00008813 by May 24, 2024, translating to a growth of about 240%. Changelly also anticipates bullish movement, with SHIB projected to hit $0.00008739 on May 22, 2024.

💧 XRP: Ripple's XRP, although under $1, faces hurdles due to its ongoing SEC lawsuit. A favorable court ruling could trigger a surge in XRP's price, following a district court's partial ruling in favor of Ripple in 2023. Investors await the outcome from the high court, which may impact XRP's trajectory.

🐶 dogwifhat (WIF): WIF, having recently hit an all-time high of $4.83, is another contender for May. CoinCodex forecasts WIF to potentially surge further to $9.76 by May 24, 2024, signaling potential growth and investor interest.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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🔥 Price analysis 5/24: BTC, ETH, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB 📈 Bitcoin Price Analysis: BTC reversed from $71,979 on May 21, dipping to the moving averages. If it rebounds strongly, it could reach $73,777 and potentially rally to $80,000 and $84,000. A drop below the moving averages could see it fall to $59,600. 📉 Ether Price Analysis: ETH dipped below $3,730, with a potential decline to the 20-day EMA ($3,313). A rebound may face resistance between $3,730 and $4,100, but clearing this zone could push it to $4,868. 📉 Solana Price Analysis: SOL fell from $189 and is testing $162. A drop below this could lead to $140. A rebound from $162 might push it to $189, and breaking this level could see a rally to $205. 📉 XRP Price Analysis: XRP shows volatility near moving averages. A drop below these and the support line could push it to $0.46. A rebound off $0.46 may extend consolidation, with a rise above $0.57 targeting $0.67 and $0.74. 📈 Dogecoin Price Analysis: DOGE is between the 50-day SMA ($0.16) and resistance at $0.17. A break above $0.17 could lead to $0.21, while a drop below $0.16 might see it slide to $0.13. 📉 Toncoin Price Analysis: TON struggles near the 50-day SMA ($6.12). A drop below this could lead to $5.57 and $4.72. A rise above $7.67 or a drop below $4.72 will determine the next trend. 📈 Cardano Price Analysis: ADA forms a symmetrical triangle pattern. Staying below the 20-day EMA could push it below the triangle to $0.35. A rise above the resistance line may lead to $0.57 and $0.62. 📉 Avalanche Price Analysis: AVAX dropped below $40 but held at the moving averages. A rise above $42 suggests buying on dips, targeting $50. A drop below the moving averages could lead to $34 and $29. 📉 Shiba Inu Price Analysis: SHIB re-entered a symmetrical triangle pattern. The flattish moving averages and neutral RSI show no clear direction. A drop below the support line could lead to $0.000017. A rise above $0.000027 targets the $0.000030 to $0.000033 resistance zone.
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🚀DailyCoin Bitcoin Regular: BTC Price Sees 11% Drop, Shift or Hiccup? 📈 Bitcoin's Surge: Over the past two weeks, Bitcoin has climbed 11% despite recent volatility and a dip in futures open interest. Analysts remain optimistic, especially with the SEC's approval of Ethereum ETFs potentially impacting the broader market. 📰 News and Events: Ethereum ETFs Approved: The SEC approved eight applications for spot Ethereum ETFs, allowing traditional investors to gain exposure to Ethereum without directly holding crypto. Trading is expected to begin in a few weeks. BlackRock’s Bitcoin ETF: BlackRock's Bitcoin ETF saw a surge in inflows, capturing most of the $300 million increase for US spot Bitcoin ETFs on May 21, marking the highest daily inflow since April. Crypto Investment Inflows: Cryptocurrency investment products pulled in $932 million over the past week, a positive trend attributed to a US CPI report indicating moderating inflation. Altcoins like Solana and Cardano saw inflows, while Ether remains under pressure due to an ongoing SEC review of spot Ether ETFs. 📊 Current Outlook: Price Drop: Bitcoin bulls faced a reality check with a 2.5% price drop on May 23, surprising many after an early week surge to $72,000. Leveraged long positions were hit hard, with over $159 million liquidated. Support Level: The crucial $67,000 support level is now in focus. If it holds, bulls might see a potential trading range between $67,000 and the previous all-time high. However, significant liquidation indicates nervousness among investors. 🔮 Experts Forecast: Analysts offer varied predictions for Bitcoin, with some expecting significant impacts from Ethereum ETFs and others suggesting a continuation of past trends. The market's direction remains uncertain, with key support levels and investor sentiment being closely watched.
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