Asian Wrap 01 May: A Look at Ethereum, Dogecoin & Ripple

The Ethereum (ETH) price is facing a binary outlook for the month of May, with a weekly close below $1,930 indicating that bulls may lose their power to push the price towards $2,000, possibly leading to a drop to $1,400. Meanwhile, the Dogecoin (DOGE) price suffered a poor performance with bears giving up on the 200-day Simple Moving Average (SMA), potentially leading to 30% losses next week, and Ripple (XRP) price is showing signs of weaker buying on dips, with support getting broken and a 10% loss last week. The faster growth for XRP could mean a harder fall for bulls as sentiment begins to change across the board. It remains questionable which company Elon Musk could buy to place the Dogecoin logo on it.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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