SafeMoon, Ripple and Dogecoin – European Wrap 20 September


SafeMoon price has slid below a crucial support level that could indicate that a steep decline is on the horizon. SAFEMOON could be heading for a 32% drop as the buyers continue to retreat, leaving the altcoin to slide lower.

 

SAFEMOON crash

XRP price set up a swing high on August 15 and breached this local top to create a new one on September 6. However, the second attempt failed as the market experienced massive selling pressure the next day. Now, Ripple is continuing to head lower with no signs of recovery. 

 

XRP/USD 1-day chart

Dogecoin price has been lacking volatility for the past 11 days, but the recent sell-off seems to have reintroduced it, leading to a breakdown of the immediate support floor. While a bounce from the current position is likely, investors should be wary of another downswing.

DOGE/USDT 1-day chart

 

 



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