Despite its current lackluster price action, many crypto analysts have agreed through various analyses over the past few years that XRP has a very bright parabolic rally ahead. This sentiment has particularly gained ground due to its price action in Q4 2024, leading to a multi-year high of $3.34 in January 2025.
Although XRP has retraced quite a bit from this high, this hasn’t stopped bold long-term projections from resurfacing. One of the more striking forecasts comes from a crypto analyst who believes the altcoin will not only rally into double digits soon but eventually stabilize at $1,000 and become one of the most expensive digital assets in the world.
Analyst Predicts The Altcoin Will Hit $10 To $20 Before Entering New Bear Market
Crypto market commentator BarriC shared a post on social media platform X outlining a future price trajectory for XRP that begins with a major surge in the coming months. BarriC’s post begins by criticizing the perception that the current price range, which remains below $3, reflects failure. Instead, he views this phase as an accumulation opportunity before a massive breakout.
According to the analyst, there’s a high possibility that the XRP price will climb to somewhere between $10 and $20 in the next few months. Such a move would undoubtedly be accompanied by a surge in the trading volume and activity surrounding XRP. One such primer is if the cryptocurrency somehow gains full utility and adoption with banks in the next few months, or through the launch of a Spot XRP ETF. This surge, BarriC noted, would likely coincide with the final stages of the current altcoin season.
Following that, he expects a significant market correction, similar to past cycles, which would bring XRP back down to the $5 to $10 range. Previous cycles dating back to 2016 have typically ended with a sharp 50% market dip. If this happens again, the lower boundary for the next cycle could land between $5 and $10. This mid-cycle dip, according to BarriC, will be the last time XRP is considered cheap before it enters a fundamentally different phase.
Banks And Institutional Adoption To Tie Up XRP At $1,000 Permanently
BarriC’s prediction is ultimately based on banks’ mass institutional adoption of XRP. He noted that when the asset becomes deeply integrated into the daily operations of banks and financial institutions, we will see a $1,000 XRP. Once trillions of dollars begin flowing consistently through the XRP Ledger, there will be no more volatility and bear market phases for its price.
At that point, BarriC believes the altcoin will stabilize at a $1,000 valuation, not as a temporary peak but as a structural price floor. In this case, future investors may only be able to afford fractions of one XRP, much like Bitcoin currently.
At the time of writing, XRP is trading at $2.30, down by 2.35% in the past 24 hours. XRP has been steadily declining from $2.62 in the past seven days.
Gold price drifts lower to near $3,230 in Tuesday’s early Asian session.
The modest US Dollar recovery weighs on the yellow metal.
Moody’s announced its downgrade of the US credit rating to Aa1, which might help limit the Gold’s losses.
The Gold price (XAU/USD) edges lower to around $3,230 during the early Asian session on Tuesday, pressured by a modest US Dollar (USD) rebound. However, the concerns over the US economic health after Moody’s downgrades the US national credit rating might cap its downside.
The Greenback recovers on Tuesday, capping the upside for the USD-denominated commodity price. Nonetheless, the economic uncertainties could boost the safe-haven flows. Moody’s cut the US rating to “Aa1” from “Aaa” on Friday, citing rising debt and interest “that are significantly higher than similarly rated sovereigns”. The economic uncertainties provide some support to the safe asset like Gold.
“Overall, over the next few months, I think gold is a good safe bet considering the downgrade on the United States. It’s still to me a buy-and-hold market,” said Bob Haberkorn, senior market strategist at RJO Futures.
Financial markets were also shaken when US Treasury Secretary Scott Bessent said on Sunday that US President Donald Trump would slap tariffs at the rate he threatened on April 2 if trade partners do not engage in “good faith.”
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
Bitcoin’s rejection at $107,000 shows sellers are active at higher levels, but the recovery from the intraday low shows solid buying.
Strategy and Metaplanet continue to accumulate Bitcoin, adding steady buy-side pressure to BTC price.
Select altcoins have pulled back, but they have not yet turned negative.
Bitcoin’s BTCUSD attempt to challenge the all-time high faced a strong rejection near $107,100 on May 19, signaling that the bears are unlikely to give up without a fight. However, the long tail on the candlestick shows solid buying at lower levels.
The short-term uncertainty has not deterred the long-term buyers from accumulating more Bitcoin. Strategy, formerly MicroStrategy, announced the purchase of 7,390 Bitcoin for an average price of about $103,500, taking its total holding to 576,230 Bitcoin.
Similarly, Japanese investment firm Metaplanet said on May 19 it acquired 1,004 Bitcoin, boosting its total to 7,800 Bitcoin.
Although Bitcoin’s trend remains bullish, repeated failure to break above the overhead resistance may tempt short-term traders to book profits. That increases the risk of a break below the psychological level of $100,000.
What are the crucial support and resistance levels to watch out for in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
S&P 500 Index price prediction
The S&P 500 Index (SPX) extended its up move last week, indicating continued buying by the bulls.
The upsloping 20-day exponential moving average (5,712) and the relative strength index (RSI) near the overbought zone signal an advantage to buyers, but the up move is expected to face significant resistance in the 6,000 to 6,147 zone.
If the price turns down from the overhead zone, the index could find support at 5,800 and then at the 20-day EMA. If the price rebounds off the 20-day EMA, the bulls will again try to drive the index to the all-time high. Sellers will have to tug the price below the 20-day EMA to break the bullish momentum.
US Dollar Index price prediction
The relief rally in the US Dollar Index (DXY) hit a wall at the 50-day simple moving average (101.67) on May 12, indicating that the bears are selling on rallies.
The index is likely to find support at the 100.27 level. If the price rebounds off 100.27, the bulls will again try to kick the index above the 50-day SMA. If they manage to do that, the index could pick up momentum and surge toward 103.54. Such a move signals that the corrective phase may be over.
Sellers will retain the advantage if the price closes below the 100.27 support. That opens the doors for a retest of the 99 level.
Bitcoin price prediction
Bitcoin broke above the overhead resistance at $105,820 on May 18, but the bulls could not sustain the momentum.
Sellers are expected to fiercely defend the zone between $107,000 and $109,588. The 20-day EMA ($100,787) is the crucial support to watch out for on the downside. A rebound off the 20-day EMA suggests the positive sentiment remains intact. The bulls will again try to clear the overhead zone. If they succeed, the BTCUSDT pair could skyrocket toward $130,000.
This positive view will be invalidated in the near term if the price continues to fall and breaks below the psychologically crucial $100,000 support. The pair could then plummet to the 50-day SMA ($91,916).
Ether price prediction
Ether’s ETHUSD bounce off the 20-day EMA ($2,288) on May 18 fizzled out near $2,600, signaling that the bears have kept up the pressure.
Sellers tried to pull the price below the 20-day EMA, but the long tail on the candlestick shows solid buying at lower levels. The bulls will try to kick the price above the $2,738 resistance, opening the gates for a rally to $3,000. There is minor resistance at $2,850, but it is likely to be crossed.
Contrarily, a break and close below the 20-day EMA tilts the advantage in favor of the bears. The ETHUSDT pair could then slump to $2,111.
XRP price prediction
XRP XRPUSD remains stuck inside the $2.65 to $2 range, indicating buying near the support and selling close to the resistance.
The XRPUSDT pair bounced off the 20-day EMA ($2.34) on May 17, but the bulls are facing selling at higher levels. If the price sustains below the 20-day EMA, the pair could stay inside the range for some more time. The price action inside the range is expected to be random and volatile.
The next trending move is likely to begin on a break above $2.65 or below $2. If buyers pierce the $2.65 resistance, the pair could travel to $3.
BNB price prediction
BNB BNBUSD bounced off the 20-day EMA ($635) on May 18, but the higher levels attracted selling by the bears.
The gradually upsloping 20-day EMA and the RSI in the positive territory indicate a slight edge to the bulls. If the price rises and maintains above $644, the bulls will again try to drive the BNBUSDT pair above $680. If they succeed, the pair may start its northward march toward the overhead resistance of $745.
Contrary to this assumption, a break and close below the 20-day EMA clears the path for a decline to the 50-day SMA ($606) and later to $580.
Solana price prediction
Solana SOLUSD turned up from the 20-day EMA ($163) on May 17, but the bulls could not push the price above the $180 resistance.
Sellers are trying to pull and retain the price below the 20-day EMA. If they manage to do that, the SOLUSDT pair could tumble to $153 and, after that, to the 50-day SMA ($143). That points to a possible range-bound action between $180 and $120 in the near term.
The bulls will have to propel the price above the $185 level to regain control. The pair could then pick up momentum and rally to $210 and subsequently to $220.
Dogecoin price prediction
Buyers successfully defended the breakout level of $0.21 on May 17 but are struggling to sustain the bounce in Dogecoin DOGEUSD.
Sellers will try to make a comeback by pulling the price below $0.21. If they do that, the DOGEUSDT pair could slide to the 50-day SMA ($0.18). That signals a possible range formation between $0.26 and $0.14.
Buyers will have to thrust the price above the $0.26 resistance to signal the resumption of the recovery. There is minor resistance at $0.30, but it is likely to be crossed. The pair may then ascend to $0.35.
Cardano price prediction
Cardano (ADA) has broken below the neckline of the inverted head-and-shoulders pattern, indicating that the bulls are losing their grip.
The next support is at the 50-day SMA ($0.68). If the price turns up from the 50-day SMA, the bulls will try to push the ADAUSDT pair above the neckline. If they can pull it off, the pair could retest the $0.86 level. A break and close above the $0.86 resistance clears the path for a rally to $1.01.
Conversely, a break and close below the 50-day SMA suggests the markets have rejected the breakout above the neckline. That increases the risk of a drop to $0.58.
Sui price prediction
Sui’s (SUI) bounce off the 20-day EMA ($3.67) turned down from the $3.90 to $4.25 zone, indicating that the bears are active at higher levels.
The pullback could deepen if the price breaks and sustains below the 20-day EMA. If that happens, the SUIUSDT pair could skid to $3.12 and then to the 50-day SMA ($2.97).
On the contrary, if the price snaps back from the 20-day EMA and rises above $3.90, it suggests a positive sentiment. That enhances the prospects of a break above the $4.25 level. The pair could then surge to $5. Sellers are expected to fiercely defend the zone between $5 and the all-time high of $5.37.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Since the market seemed to recognize the 61.8% retracement zone, the next lower Fibonacci level at $3.07 seems destined to be tested as support before the bearish correction completes. And given the degree of bearish momentum exhibited in the wide range red candle for the day, the next uptrend line may also be tested as support before the bearish correction completes.
Beware of Another Step in Pattern Evolution
The scenario unfolding fits with the larger pattern discussed earlier. A breakdown from a head and shoulders top triggered on April 7 and it led to a sharp decline. Eventually support was found at what is now a swing low of $2.86. That support area was marked by the light blue anchored volume weighted average price line (AVWAP) from the 2024 trend lows. In other words, a potentially significant price level given that it incorporates the full uptrend.
So far, that has been the case. Given its potentially long-term significance, it would be the maximum estimated low for the current decline. The more likely scenario seems to be that support is found at or above the uptrend line and that leads to a bullish reversal. A higher swing low would then be established.
200-Day Moving Average Plays a Role
Not mentioned yet is the 200-Day MA. It is now at $3.19, and it failed to hold as support during Monday’s decline. That is fine if natural gas doesn’t stay below the 200-Day line for long. Notice that the 200-Day MA was breached during the prior drop that triggered the head and shoulders top pattern. The subsequent recovery quickly rallied above the 200-Day MA, and the bulls stayed in the chart until the recent trend high at $3.84.
For a look at all of today’s economic events, check out our economic calendar.
A new study has drawn links between cancer and a common ingredient in energy drinks and dietary supplements.
Men’s Journal reports that the new study, published in Nature, has linked the ingredient taurine to a possible acceleration of leukemia, which is a type of blood cancer.
Taurine is an naturally occurring amino acid, which is found in meat, fish and eggs, as well as being a key ingredient in some energy drinks, workout supplements and protein powders.
But according to researchers, the energy benefits of taurine may cause the acceleration of leukemia by fueling cancerous cells.
“In mouse models, taurine supplementation was shown to increase the likelihood of death by nearly threefold,” Men’s Journal reports. “The amino acid appeared to activate glycolysis—a process that breaks down glucose for energy—giving leukemia cells an energy boost that sped up disease progression.”
The report is particularly urgent as taurine can also be used as a treatment to help chemotherapy patients.
“Since taurine is a common ingredient in energy drinks and is often provided as a supplement to mitigate the side effects of chemotherapy, our work suggests that it may be of interest to carefully consider the benefits of supplemental taurine in leukemia patients,” the study reads.
Ethereum ETHUSD is one of the biggest losers today, falling by 4.29%.TradingView”>
On the hourly chart, the rate of ETH has made a false breakout of the local support of $2,352. However, if a bounce back does not happen, one can expect an ongoing drop to the $2,300 area.TradingView”>
On the bigger time frame, the picture is rather more bearish than bullish. At the moment, one should focus on the bar’s closure in terms of the $2,317 level.
If it breaks out, the accumulated energy might be enough for a move to the $2,200 mark.TradingView”>
A more positive picture can be seen on the weekly chart. However, it is too early to make any distant predictions, as only a few days remain until the bar’s closure. But if a breakout of the $2,608 level happens, growth may lead to a test of the $2,800-$3,000 range.
Join Our Telegram channel to stay up to date on breaking news coverage
DeFi tokens continue to capture the spotlight as they drive innovation and adoption in decentralized finance. Today’s market activity reveals strong momentum among top DeFi tokens, reflecting growing interest in projects that enhance lending, interoperability, scalability, and real-world applications like real estate.
This article examines four leading DeFi tokens by market activity today—Morpho, Neon, Alephium, and Propy—their recent price movements, key features, and latest developments. We explore how these projects are shaping the future of DeFi and what their progress means for investors and the broader crypto ecosystem.
Biggest DeFi Token By Market Activity Today – Top List
Morpho is a decentralized finance (DeFi) protocol that enhances how liquidity is supplied and borrowed across existing DeFi platforms. Neon is a groundbreaking project in the DeFi space that brings compatibility of the Ethereum Virtual Machine (EVM) to the Solana blockchain. Alephium is a next-generation Layer 1 blockchain that introduces sharding and an enhanced UTXO system to the Proof of Work model, bringing scalability and energy efficiency. Propy is a real estate-focused platform that merges blockchain and AI to simplify and secure property transactions. Let’s fully uncover why these tokens are among some of the leading DeFi tokens based on market activity today.
1. Morpho (MORPHO)
Morpho is a decentralized finance (DeFi) protocol that enhances how liquidity is supplied and borrowed across existing DeFi platforms. By layering on top of popular protocols like Aave and Compound, it addresses inefficiencies common in DeFi lending, making supplying and borrowing assets more seamless, cost-effective, and efficient for users within the decentralized ecosystem.
The MORPHO token is essential for the protocol’s governance, giving holders the power to influence important decisions such as upgrades and fee policies. This governance role ensures that the community can actively shape the platform’s future, helping Morpho stay responsive to the evolving needs of DeFi users.
Morpho (MORPHO) is changing hands at $1.6294, up 3.47% over the past 24 hours and an impressive 71.82% in the last month. Meanwhile, today’s trading has swung between $1.5305 and $1.6828, underscoring lively demand. Altogether, this steady climb and widening range suggest growing confidence in Morpho’s lending-protocol vision and hint that the rally could have more room to run.
Morpho announced its integration with Worldcoin, enabling users to earn, lend, and borrow through multiple platforms—including the Morpho Mini App by PaperclipLabs, the Morpho Front End by okutrade, and the DeFi Super App by Joinlegend.
This collaboration boosts accessibility and utility within the Worldcoin ecosystem, giving users more financial tools powered by Morpho. For the community and investors, it signals increased adoption of decentralized finance, strengthening both platforms’ positions in the evolving Web3 landscape.
2. Neon EVM (NEON)
Neon is a groundbreaking project in the DeFi space that brings compatibility of the Ethereum Virtual Machine (EVM) to the Solana blockchain. This allows Ethereum-based decentralized applications (dApps) to run seamlessly on Solana, combining Ethereum’s developer-friendly environment with Solana’s high-speed, low-cost infrastructure. This fusion removes long-standing barriers between two of the most active blockchains in the ecosystem. It opens Solana to the vast Ethereum users, assets, and tools network.
The NEON token powers the Neon EVM ecosystem as a governance and utility token. It pays transaction fees within the platform and allows holders to participate in decisions about protocol upgrades and direction. With NEON, users and developers gain a say in the evolution of this cross-chain environment while benefiting from a smoother, more efficient DeFi experience.
Neon EVM (NEON) is trading at $0.1438, reflecting a 1.2% increase over the past 24 hours. The token has experienced a 13.32% rise in the last 7 days and a 29.37% gain over the past 30 days. In the past day, NEON’s price fluctuated between a low of $0.1432 and a high of $0.1599, indicating a bullish market sentiment.
Neon shared how its platform enables Solidity-based dApps to operate seamlessly on Solana, removing the typical constraints of Ethereum Layer 2s. By translating differences in execution, token standards, and storage models, Neon allows EVM contracts to interact natively with Solana programs.
This unlocks powerful composability and simplifies cross-chain development, giving builders the best of both ecosystems. For developers and investors, it’s a step toward a more unified and efficient multichain future, without compromising user experience.
3. MIND of Pepe (MIND)
MIND of Pepe is a self-evolving AI agent designed to interact with platforms like X, engaging with trends, influencers, and meme coin chatter. As it gains popularity, it shapes conversations and uncovers early cryptocurrency opportunities. What makes it special is that it doesn’t just analyse trends—it becomes a trend. This project represents a new era where AI doesn’t just assist investors—it leads them.
The $MIND token powers this AI ecosystem, giving holders early access to valuable insights, tools, and exclusive features. It’s currently priced at $0.0037515 in presale, with over $9.3 million already raised. You can purchase it using ETH, BNB, USDT, or a bank card, but you’ll need a wallet like Best Wallet to store your tokens. Once you buy, you can stake your tokens immediately to earn rewards before the platform goes live.
One of the biggest draws is the 238% APY staking reward, which is distributed at a rate of 1332 $MIND tokens per ETH block over 3 years. Token holders gain access to the AI’s exclusive hive-mind intelligence, allowing them to stay ahead of the market. It’s not just about hype—$MIND offers real-time analysis and trend-spotting features that can be game changers. Plus, there are extra rewards for referrals and loyal early adopters.
The MIND of Pepe is leading a paradigm shift where AI is no longer just supportive—it’s the centrepiece. Gathering data in real time and shaping the meme coin narrative brings something that no other token does. With its growing social presence and viral engagement, $MIND isn’t just watching the future—it’s creating it. This could easily be one of 2025’s most iconic AI meme coins.
Alephium is a next-generation Layer 1 blockchain that introduces sharding and an enhanced UTXO system to the Proof of Work model, bringing scalability and energy efficiency. Designed with DeFi and dApp development in mind, it builds upon Bitcoin’s core technologies while addressing their limitations, especially around transaction speed and throughput. Using its unique BlockFlow algorithm, Alephium provides a secure and scalable infrastructure for decentralized applications without compromising decentralization.
The ALPH token is the native asset of the Alephium ecosystem, used for transaction fees, staking, and securing the network. As the backbone of the platform’s economy, ALPH also plays a vital role in DeFi operations, enabling users to interact with smart contracts and dApps efficiently. Its integration into a sharded, scalable architecture ensures that the token remains functional and future-proof as the network grows.
Alephium (ALPH) is trading at $0.3932, reflecting a 1.89% increase over the past 24 hours and a 20.15% gain over the last 30 days. As one of the leading DeFi tokens by market activity today, Alephium’s token price has fluctuated between $0.3845 and $0.4020 within the past day, indicating steady growth and positive market sentiment.
Exciting News for Alephium in the USA!
Thanks to @BanxaOfficial, you can now get $ALPH in 48 American states directly through your Alephium mobile or desktop wallet!
This milestone further enhances our on-ramp offerings alongside @AlchemyPay 🤝 @getTransFi 🤝 Gate Connect,…
Alephium announced that, thanks to Banxa, users in 48 US states can now buy $ALPH directly through Alephium’s mobile or desktop wallet. This expands on-ramp options alongside partners like AlchemyPay and TransFi, simplifying the process from fiat to wallet.
This is a significant milestone for the community and investors, as it boosts $ALPH’s
accessibility and adoption in the US market. Easier onboarding strengthens Alephium’s ecosystem growth and opens doors for broader user participation.
5. Propy (PRO)
Propy is a real estate-focused platform that merges blockchain and AI to simplify and secure property transactions. By moving key processes like title and escrow services onchain, Propy offers a seamless experience for buyers, sellers, and investors. With AI reducing manual work by 40% and blockchain ensuring transparency and fraud prevention, Propy creates a modern, trustless system for handling real estate deals from start to finish.
The PRO token powers the Propy ecosystem by facilitating transactions and interacting with smart contracts during property transfers. It also plays a role in accessing platform services and verifying ownership onchain. As Propy digitizes the real estate process, the PRO token is a key utility asset driving trust, efficiency, and innovation in worldwide property deals.
Propy (PRO) is trading at $0.9395, reflecting an 18.44% increase over the past 24 hours and a 60.70% surge in the last 30 days. The token’s price has fluctuated between a low of $0.7851 and a high of $1.0749 within the past day, indicating strong bullish momentum and growing investor interest.
Last week, the Propy platform set a new benchmark for transaction speed, highlighting exactly what’s possible when real estate is powered by automation.
A contract was opened at 1:25 PM. By 1:29 PM, the buyer had completed the earnest money deposit. No calls. No paperwork. No… pic.twitter.com/CsswH4Kqes
Propy showcased its platform’s efficiency by completing a real estate transaction in under five minutes, from contract opening to earnest money deposit, without calls or paperwork. This rapid process highlights how automation can transform traditionally slow and manual real estate dealings.
For the community and investors, this demonstrates Propy’s potential to disrupt the property market by speeding up transactions, reducing risk, and improving user experience. It signals a strong competitive edge as the industry moves toward fully digital, seamless solutions.
Read More
Best Wallet – Diversify Your Crypto Portfolio
Easy to Use, Feature-Driven Crypto Wallet
Get Early Access to Upcoming Token ICOs
Multi-Chain, Multi-Wallet, Non-Custodial
Now On App Store, Google Play
Stake To Earn Native Token $BEST
250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
Copper price began forming a negative move, activating with the negativity of the main indicators, to settle near the extra support at $4.5000, facing negative pressures will increase the chances for breaking the current support, to open the way towards targeting extra negative stations, which might begin at $4.4500 reaching $4.3100.
The failure to break the current support might push the price to form mixed trading, and there is a new chance for targeting 50%Fibonacci correction level near $4.6600.
The expected trading range for today is between $4.4500 and $4.5600
Trend forecast: Bearish
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Full coverage of commodities such as gold, oil, silver, and more
Full coverage of all major forex currency pairs
Full coverage of key global indices and stocks
Full coverage of major cryptocurrencies and meme coins
Accurate analysis and daily updated price forecasts
Exclusive and breaking news
Reliable trading ranges for effective risk management
Comprehensive educational materials, competitions and prizes!
Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
US Dollar Sellers Return with a Vengeance, EUR/USD Exchange Rate Jumps to 10-Day High After US Downgrade
US assets were subjected to strong selling on Monday. Equity futures declined around 1.0% while Treasuries lost ground and the dollar index hit 10-day lows.
In this environment; the Euro to Dollar (EUR/USD) exchange rate surged to 1.1280.
According to ING; “1.1265 is the intra-day resistance EUR/USD needs to break to open the topside once again.” A break could lead to 1.1370.
Bank of America forecasts that EUR/USD will strengthen to 1.17 at the end of 2025.
According to Goldman Sachs; “Despite a somewhat brighter US outlook, we still expect the Dollar to weaken.”
The dollar has posted sharp losses following the move by ratings agency Moodys late on Friday to downgrade the US AAA credit rating.
The downgrade has come at a bad time for the dollar given the focus on US fiscal policy together with a debate over wider confidence in the currency.
According to Deutsche Bank’s George Saravelos; “the key problem for the US is that both the bond and currency markets have been insufficiently pricing in fiscal risks in the first place.”
The bank also noted the current attempts by the US Republican Congress to approve a tax bill which would put further upward pressure on the budget deficit over the medium term.
Saravelos also considers that it will be very difficult to reverse these fiscal changes during the current Presidential term.
He added; “The combination of diminished appetite to buy US assets and the rigidity of a US fiscal process that locks in very high deficits is what is making the market very nervous.”
ING commented; “Expect a risk premium to stay in the dollar this week, with investors also on the lookout for any currency references in trade deals currently being negotiated with Asia. We’ve also got a G7 Finance Ministers and Central Bank governors meeting taking place in Canada on Tuesday.
It added; “It seems very unlikely, but any changes to the FX reference in their Communique – driven by the US Treasury – would pose a big downside risk to the dollar.”
MUFG commented’ “The Moodys’ downgrade of the US sovereign rating serves as a reminder of the growing risk of foreign investors turning away to a greater degree from US Treasury securities.”
It added; “Episode of triple selling of US assets have been few and far between in recent years. Our analysis of these episodes (with 30yr yield at least 15bps higher) tend to point to further US dollar selling ahead.”
EU political developments will also be in focus with two key votes on Sunday.
Centrist mayor of Bucharest, Nicuşor Dan, is set to win Romania’s presidential election.
ING commented; “Not that it is normally a big driver of the euro exchange rate, but the outcome of the Romanian presidential election will be welcome news in Brussels as it prevents a further splintering of the bloc.”
The first round of the Polish Presidential election was potentially less comforting. Centrist Warsaw mayor Rafał Trzaskowski secured around 31.4% and radical-right historian Karol Nawrocki around 29.5%.
According to ING; “In Poland, the first round of the presidential election brought the expected candidates to the second round, but the gap between the candidates is significantly narrower than the polls suggested.”
Like this piece? Please share with your friends and colleagues:
International Money Transfer? Ask our resident FX expert a money transfer question or try John’s new, free, no-obligation personal service! ,where he helps every step of the way,
ensuring you get the best exchange rates on your currency requirements.
A top market analyst has lauded the exceptional bullishness in the Dogecoin chart, predicting a quick twofold price rally.
Dogecoin may be correcting like the rest of the crypto market following last week’s rise, but this prominent market watcher is looking beyond the short-term price retracement. Specifically, Jake Wujastyk has predicted that the largest meme coin by market cap is up for a dazzling upward trend, as the chart looks nicely set up.
The analysis precedes Dogecoin’s wrong-footed start to the week. The community-driven token has dumped 7% today alone, nearly relinquishing all of its gains on the last day of the previous week.
No Way You Won’t Take a Dogecoin Trade: Analyst
In his Sunday commentary, Wujastyk highlighted a tempting Dogecoin chart. DOGE had just rallied 8% on the day, pushing prices close to the top of a developing descending triangle.
The pattern started emerging from Dogecoin’s rally to $0.26 on May 11, with prices fluctuating between the upper resistance and lower support. Meanwhile, with the structure getting tighter, the analyst suggested that a breakout could be imminent.
According to him, there is no way one wouldn’t take a Dogecoin trade with the bullish price development. While prices have retraced slightly today, the asset still trends within the wedge, confirming the validity of the commentary.
Meanwhile, from here, Wujastyk predicted a sustained upward trajectory to higher prices. Precisely, he projected a breakout from the wedge, with an easy twofold rally to $0.45, which is about 114% away from the current prices, on the cards.
Dogecoin Analysis/Wujastyk
Possible Timeline for Rally to Above $0.40
Furthermore, analyst Bitcoinsensus shares a bullish outlook and target similar to Wujastyk on Dogecoin. He stated that DOGE is on the cusp of a breakout to above 40 cents and cited a breakout to support his claims.
An accompanying elaborate chart shows that Dogecoin formed an inverse head-and-shoulders pattern dating back to March. The left shoulder formed from March 11’s low of $0.14, the head from April 7’s low of $0.13, and the right shoulder from $0.16 on May 6.
Dogecoin Imminent Breakout/Bitcoinsensus
Moreover, the breakout from the bullish structure propelled prices to a multi-month resistance trendline, which has impeded Dogecoin’s price since its high of $0.48 on December 8.
While prices have healthily retraced from the supply zone, Bitcoinsensus predicts that bullishness from the H&S pattern and broader market momentum would spur a breakout, specifically in the next seven days.
With the outburst, the market watcher expects a rally to between $0.42 and $0.43, where the next supply zone lies. From the current price of $0.21, the rally will culminate in a 100% and 104% uptick.
Remarkably, Dogecoin price predictions are higher. For one, analyst Javon Marks predicted a price swell to $0.65. In addition, market watcher Chris called for a higher target of $1 by September 2025. Nonetheless, analyst Ali Martinez has identified the resistance at $0.26 as a near-term barrier to higher prices.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
