Dogecoin, SPX6900, and Ripple: Asian Markets Brace for Crypto Volatility on May 29
Meme coins and altcoins face a pivotal trading session as Asia kicks off another day of crypto speculation. Dogecoin—still riding the Elon hype train—jockeys for position against SPX6900’s mysterious ascent and Ripple’s never-ending legal drama.
Will DOGE bark or bite? Traders weigh the odds as volatility looms. Meanwhile, institutional players yawn—another day, another 2% swing in assets they still won’t touch with a 10-foot pole.
Top 3 meme coins: Dogecoin, Shiba Inu, and Pepe – DOGE, SHIB and PEPE stabilize around key levels
Dogecoin price retested and stabilized around its 200-day Exponential Moving Average (EMA) at $0.21 multiple times this week. The 200-day EMA roughly coincides with the daily support level at $0.22, making this a key area of support. At the time of writing on Thursday, it rebounds slightly after retesting this support level. Sideline investors looking for buy opportunities could do so at its 200-day EMA at $0.21.
Top 3 Gainers SPX, UNI, and TON: Altcoins record double-digit surge, ignoring Bitcoin’s pullback
SPX trades at $1.07 with an over 2% intraday rise at press time on Thursday, extending the 15% jump last night. The recovery rally in SPX6900 accounts for a whopping 95% rise so far in May. The Moving Average Convergence/Divergence (MACD) indicator, at 0.10, and its signal line, at 0.078, project a bullish trend in motion. Additionally, the wave of green histogram bars reflects the strong momentum.
XRP joins crypto treasury trend as VivoPower raises $121 million to launch XRP reserve
XRP slipped more than 2% on Wednesday as VivoPower announced plans to become the first publicly traded company to adopt XRP as a treasury reserve asset. The announcement follows the company’s completion of a $121 million private offering.
