Safemoon (SAFEMOON) price is stuck in a sharp correction following the initial nose dive last week after breaking the high of June. Safemoon price sees bears pushing Safemoon price further downwards, almost but fully reversing the gains. Support is coming in at $0.00000289 and could potentially trigger a new breakout like three weeks ago.
Ethereum (ETH) is becoming a bit of an outlier in cryptocurrencies as most of the pairs are taking a breather these past few days after a strong bull run. ETH price is an exception as price remains elevated, helped by tailwinds of growing media attention and growing interest from the broader public. Even the Relative Strength Index (RSI) that is flirting with overbought does not seem to bother investors at this moment, with ETH price targeting $6,500 on the monthly R3 resistance level.
Dogecoin (DOGE) price has been in an uptrend since April but has seen some whipsaw price action along the way. Nonetheless, the lower end of the DOGE price reaction has been supported continuously by bulls around the green ascending trend line. As the price squeeze sees lower highs and higher lows, expect a bullish breakout towards $0.53.
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.