Cryptocurrencies Price Prediction: Shiba Inu, Terra & Safemoon – American Wrap 01 June – FXStreet

Wealthlandnews
Wealthlandnews June 3, 2022
Updated 2022/06/03 at 2:59 PM

FXStreet Team FXStreet Team
FXStreet

Shiba Inu price is still trading with bearish undertones as the bulls display sparse strength at the $0.00001200 levels compared to the bearish selloffs. The current $0.00001000 level is still within a relatively common range for smart money to negotiate for the SHIB price. If the technicals are correct, there could be one more capitulation event in the future for investors to catch a discount.

LUNA 2.0 price on different cryptocurrency exchange platforms has hit extreme volatility since its debut. The new token’s price swung between $30 and $4.8; experts believe a lack of liquidity is driving LUNA 2.0’s extreme volatility.
Mirror Protocol is being exploited again as we speak, and the devs are completely MIA. So far, the attacker has drained over $2m and counting – the attack will get worse when markets open tomorrow unless the dev team steps in and fixes the price oracle. @mirror_protocol (1/4)
Safemoon price shows reason for traders who partook in the 80% rally in May to close their positions. Safemoon bulls have been in profit now for well over two weeks. Last week, the price displayed the first bearish signal, which was a breach of the ascending trend channel. Now the bears appear to be building their short entries, which could be early evidence of a strong decline in the near future.

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.
Shiba Inu has witnessed explosive growth in its utility. The meme coin can now be used to book supercars, travel bookings, and flights, in addition to being accepted at fast-food restaurant chains. Analysts are bullish on Shiba Inu’s recovery after the recent slump.
Solana price 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.
Safemoon price is undergoing a correction after its impressive rally seen between April 18 and May 26. This healthy pullback will be key in allowing buyers to regroup and recuperate for the next run-up.
Despite LUNA 2.0 price drop, some investors in the crypto community remain bullish on Terra’s new token. Other experts raised concerns about a potential colossal crash of LUNA 2.0, similar to what happened with the LUNA Classic and UST.
Bitcoin price consolidates above a weekly support level after the LUNA-induced crash on May 12. This coiling price action could cause BTC to trigger a move to the downside, further deepening the woes of investors.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXStreet are those of the individual authors and do not necessarily represent the opinion of FXStreet or its management. FXStreet has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.Any opinions, news, research, analyses, prices or other information contained on this website, by FXStreet, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Share this Article