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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