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XPeng stock price has stagnated in the past few weeks, but this could change when the Tesla and Nio rival publishes its financial results for the first quarter. XPEV was trading at $20.67,  down by 23% from its highest point this year, and 28% above its lowest level this year. This article explores what to expect this week.

XPeng’s growth is continuing

XPeng is a top electric vehicle company that manufactures a few brands like G3, G6, G7, G9, P5, and P7. It makes sedans, crossovers, and sports utility vehicles that have become highly popular in China. It is also working on its electric flying cars that will come out next year.

XPeng’s business has done well in the past few years as deliveries continued rising even as competition with companies like Nio, Tesla, and BYD continued. 

The most recent numbers showed that it delivered 35,045 vehicles in April, a 273% annual increase. It has delivered 30,000 vehicles a month in the last six months, and the management expects its growth to accelerate. 

Most of this growth is coming from its Mona M03 vehicle, which achieved its 100,000th production rate and P7+, which got to its 50,000 milestone. XPeng has already delivered 129,053 vehicles this year, a 313% annual increase.

Delivering such numbers is an important milestone for the company considering that the EV business is getting highly competitive and saturated. It is estimated that there are over 40 EV companies in the country.

BYD maintains a leading market share, with other brands like Tesla, Nio, Li Auto, Zeekr, and Geely, among others. Most notably, its deliveries are coming as Tesla sales continue falling. Its first-quarter deliveries dropped to 336,680, down from 386,810 in the same period last year. 

Read more: Here’s why the XPeng stock price may surge 140% in 2025

XPEV earnings ahead

The next important catalyst for the XPEV stock price will be its earnings, which are expected to be strong. Yahoo Finance data shows that the company’s revenue will come in at CNY 15.68 billion, a 139% annual increase. 

Analysts also expect the annual revenue to come in at CNY 80.79 billion, a 97% annual increase. The earnings per share is expected to be a loss of 1.51 CNY, an increase from 1.49. 

XPeng’s losses have been a major challenge as its development costs have jumped over the years. It has also spent millions of dollars in share-based compensation. 

Nonetheless, the management expects to continue narrowing its losses as its business matures. Its annual EPS for the year will be 2.82 CNY, down from 5.87 CNY, a big improvement. It also expects to become profitable next year when it will make 1.76 CNY in earnings per share.

Analysts are upbeat about the XPeng stock price, with the average estimate being $25, up from the current $20.6. 

XPeng stock price analysis

XPEV stock chart | Source: TradingView

The daily chart shows that the XPEV share price peaked at $27.15 earlier this year, and then dropped to $20.6 today. It has remained above the 50-day and 100-day Exponential Moving Averages (EMA).

The risk, however, is that the XPeng stock price has formed a bearish pennant chart pattern, a popular bearish sign. This pattern is made up of a vertical line and a symmetrical triangle pattern. 

Therefore, anything may happen this week. The bearish pennant points to more downside, potentially to the 100-day EMA at $18.25. The alternative is where the XPeng stock price bounces back after earnings and retests the year-to-date high of $27, up by 31% above the current level.

The post XPeng stock price analysis: Is this Nio rival a buy ahead of earnings? appeared first on Invezz

European stock markets commenced the trading week on a cautious footing Monday, with most major indices opening lower as investors turned their attention to a series of significant geopolitical events unfolding across the region.

Amidst this broader market sentiment, a major corporate development saw Dutch tech investor Prosus formally launch its multi-billion euro cash offer for food delivery giant Just Eat Takeaway.com.

The opening bell ushered in a period of negative sentiment across European bourses.

The pan-European Stoxx 600 index was down 0.4% shortly after trading began, reflecting a broad-based retreat.

Losses were evident across most sectors and all major national indices.

The UK’s FTSE 100 and France’s CAC 40 both shed 0.5%, while Germany’s DAX traded 0.2% lower, underscoring the cautious mood prevailing among investors.

Prosus moves forward with Just Eat takeaway acquisition

In a significant M&A development, Dutch technology investor Prosus officially launched its cash offer to acquire Just Eat Takeaway.com on Monday.

Prosus reiterated its offer price of 20.30 euros ($22.8) per share, a figure that values the delivery behemoth at approximately 4.1 billion euros (around $4.6 billion at current exchange rates).

This offer represents a substantial premium of 63% to Just Eat Takeaway’s closing price on February 21, when the deal was initially announced.

The offer period for this major acquisition is set to begin on Tuesday, with expectations that the transaction will be completed by the end of 2025.

Underscoring the strategic rationale behind the bid, Prosus CEO Fabricio Bloisi stated on Monday, “Europe is at a pivotal moment to create a new generation of AI-powered tech champions, and this transaction is a unique opportunity to lead that transformation.”

Endorsing the proposed takeover, Jitse Groen, CEO and founder of Just Eat Takeaway.com, issued a statement alongside the offer launch.

He confirmed that the company is “recommending that shareholders tender their shares and vote in favor of the takeover at its Extraordinary General Meeting in July.”

Geopolitics in focus

Beyond corporate news, European market participants on Monday are keenly focused on several pivotal geopolitical events that could significantly impact the region.

Firstly, a much-anticipated UK-EU summit is taking place in London.

It is widely expected that British Prime Minister Keir Starmer and European Commission President Ursula von der Leyen will announce a new defense and security pact.

Additionally, further agreements are anticipated concerning the reduction of bureaucratic red tape, youth mobility programs, and the easing of trade restrictions.

This summit comes amidst ongoing debate, with some critics suggesting that the British government’s approach risks reversing elements of Brexit.

Later in the day, attention will shift to a high-stakes call between US President Donald Trump and Russia’s President Vladimir Putin.

This direct communication follows the decision by both leaders to skip peace talks that were scheduled to be held in Turkey last week.

The failure to achieve a ceasefire in the ongoing conflict has seen both Russia and Ukraine blaming each other for the impasse.

The outcomes of these diplomatic engagements are being closely watched for their potential to influence market stability and international relations.

The post Europe markets open: Stoxx 600 down 0.4% on geopolitics; Prosus launches Just Eat takeover appeared first on Invezz

The Schwab US Dividend Equity ETF (SCHD) stock price has rebounded in the past few weeks, rising by 11.5% from its lowest point this year. SCHD has jumped to a high of $26.60, its highest point since April 3. This article explores the top catalysts for the blue-chip dividend ETF.

Top SCHD ETF earnings

The first important catalyst for the SCHD ETF will be earnings by some of its top constituent companies. Historically, these earnings have impacted its performance, especially if they are big companies.

The first one will be Home Depot, the fifth-biggest company in the fund with a $2.8 billion stock. Home Depot’s earnings are expected to show that its revenue rose by 7.78% in the last quarter to $39.25 billion.

Target, one of the top American retailers, will also publish its financial results this week. These numbers are expected to reveal that its earnings per share dropped from $2.03 last year to $1.69 in the last quarter. The revenue figure is expected to drop by 0.49% to $24.5 billion.

Target has been struggling in the past few years and has continued to underperform companies like Walmart and Costco. It has been hurt by its DEI policies, slow rollout of its e-commerce business, and its groceries approach. All these factors explain why the Target stock price has dropped by over 43% from its highest point last year.

The other SCHD company to watch will be Buckle, which will release its earnings on Friday this week.

The recent earnings season has been strong, with a report by FactSet showing that the blended earnings growth of companies in the S&P 500 Index coming in at 13.6%, the second quarter of double-digit growth. 

However, these earnings have been viewed as being transitory because they did not include tariffs that Trump announced last month. 

Moody’s credit rating downgrade

The other key catalyst for the SCHD ETF will be the decision by Moody’s to downgrade the US credit rating. The company moved the rating from AAA to AA1 a year after it changed its outlook to negative.

This credit rating downgrade came as Washington politicians deliberated on Donald Trump’s spending package that will increase the deficit by over $4 trillion in the next decade.

The credit rate downgrade is always a big deal, which explains why American stock futures are falling. Those tied to the Dow Jones dropped by 400 points, while the Nasdaq 100 and S&P 500 ones fell by 70 and 308, respectively. 

On the positive side, Moody’s did not tell the market anything new. Most analysts already know that the situation is not all good as the public debt has jumped to over $36.8 trillion. Also, the stock market has already done well since it was downgraded by S&P 500 in 2011 and by Fitch in 2022.

Read more: Moody’s stock price is rising, but chart points to a pullback

SCHD ETF stock price analysis

SCHD ETF stock chart by TradingView

The daily chart shows that the SCHD ETF share price has rebounded in the past few weeks, moving from a low of $23.8 in April to $26.63 today. It has jumped above the 50-day and 25-day Exponential Moving Averages (EMA).

The stock has also retested the important resistance point at $26.63, the lowest swing in December last year. Also, the Relative Strength Index (RSI) and the MACD indicators have continued rising. 

Therefore, the most likely scenario is where the SCHD stock experiences some volatility as the market reflects on the credit rating downgrade. It will then resume the uptrend as bulls attempt to hit the year-to-date high of $28.56.

The post SCHD ETF analysis: 2 catalysts to move the dividend fund this week appeared first on Invezz

CoreWeave stock price has surged to a record high as investors cheer the recent earnings and its continued growth. It jumped to a high of $83.97 on Friday, up by 150% from its lowest level this year. This surge brought its market cap to over $38 billion, making it one of the top players in the AI industry. 

Why CoreWeave stock price is soaring

CorweWeave is one of the companies that have come up during the ongoing artificial intelligence wave.

It is an infrastructure company that owns large data centers in the United States and Europe and is expanding in other places. 

The company mainly focuses on NVIDIA GPUs and AMD’s CPUs, which it offers to companies building AI products. 

For example, instead of buying NVIDIA’s HGX H200 GPU that costs for over $150,000, one can pay $50 an hour to use it. 

CoreWeave’s business is also used by some of the biggest companies in the tech industry like Microsoft, OpenAI, Meta Platforms, and IBM. Microsoft accounts for about 62% of its revenue. 

The most recent financial results showed that CoreWeave’s business continued growing, a sign that the AI growth is continuing. Its revenue jumped by 420% to $981 million in the first quarter. 

Most importantly, the company reported a backlog of over $25.9 billion during the quarter as it expanded its relationship with firms like IBM and OpenAI. 

The company also showed improved profitability metrics. The adjusted operating income jumped to $163 million, up by 17% from the same quarter last year. This happened as the adjusted operating margin rose to 17%. Its adjusted EBITDA jumped to $606 million during the quarter. 

CRWV issued a strong guidance

CoreWeave’s guidance showed that its business will continue growing. The management expects the data to show that its revenue will come in at between $1.06 billion and $1.1 billion in Q2, much higher than the $395 million it made in the same period last year.

Chances are that the company’s revenue will be much higher than its guidance, since similar companies are often highly conservative. 

CoreWeave’s adjusted operating income is expected to be between $140 million and $170 million, while its capital expenditure will be between $3 billion and $3.5 billion. 

The annual revenue will be between $4.9 billion and $5.1 billion, while its capital expenditure will be between $20 billion and $23 billion. These are all strong numbers for a company that was started in 2017. 

Analysts are largely bullish on the CoreWeave stock price, with the average estimate by analyst being $80.30, up from the current $65.

CoreWeave faces numerous risks ahead. The first one is its growing capital expenditure, which is being funded by debt. This capex and the accompanying cash burn will likely continue growing as it increases its data centers. 

Further, the company will need to continually buying more new GPUs and CPUs as companies like NVIDIA and AMD launch them. 

CoreWeave stock price analysis

CoreWeave stock chart | Source: TradingView 

The two-hour chart shows that the CoreWeave share price has been in a strong bullish uptrend in the past few days. It recently moved above the key resistance point at $64.65, its highest swing since April 2. 

CoreWeave stock price has remained above the 50-period moving average. Therefore, the most likely scenario is where the stock retreats to $64.65 in the coming days, and then it resumes the uptrend. In the long term, the stock will likely continue rising and possibly hit the resistance point at $100.

The post CoreWeave stock price analysis: is it the next multibagger company? appeared first on Invezz

Latin America’s crypto scene continues to evolve, with new products and regional expansions highlighting its rapid growth.

Bybit, one of the world’s leading cryptocurrency exchanges, has announced a major expansion into Latin America, focusing on key markets like Argentina, Mexico, Colombia, and Chile.

On the other hand, Panama City is taking a bold step toward technological innovation by allowing the payment of municipal taxes using Bitcoin and Ethereum.

Bybit’s strategic growth in Latin America

With daily trading volumes over $4 billion, Bybit has named Patricio Mesri as the new manager to oversee operations in the region.

This approach intends to boost crypto acceptance by using financial inclusion measures and forming partnerships customised to local needs.

Bybit’s entry into Latin America is part of a larger effort to deliver secure and user-friendly cryptocurrency solutions to growing countries.

With a diverse product offering including futures, options, and stablecoin trading, the exchange is dedicated to enabling customers in Mexico, Chile, and Peru.

Bybit is also working to advance the region’s Web 3.0 ecosystem by encouraging blockchain education and supporting decentralised technology.

Panama City embraces crypto for tax payments

Panama City is taking a significant step toward technological innovation by allowing residents to pay municipal taxes with Bitcoin and Ethereum.

Led by Mayor Mayer Mizrachi, this project establishes the capital as the first in the country to use cryptocurrency for public services.

The shift, scheduled to begin on May 29, 2025, reflects Panama’s growing interest in blockchain technology, despite provoking both enthusiasm and debate among citizens and experts.

Mayor Mizrachi defended Towerbank’s crypto tax payment scheme, suggesting that it may serve as an example for other Latin American cities and nations.

However, questions have been raised about potential conflicts of interest and the lack of a clear regulatory framework.

Panama’s tax laws on cryptocurrencies remain murky, and critics warn that the volatility of digital assets may burden governmental finances.

Despite this, the city’s leadership views the project as a step toward increased transparency, efficiency, and international investment.

Robinhood to acquire Canadian cryptocurrency firm WonderFi

Robinhood Markets Inc. announced Tuesday that it has acquired Canadian cryptocurrency firm WonderFi Technologies Inc. in an all-cash deal worth C$250 million (US$179 million), marking a major step in its international expansion and efforts to strengthen its digital asset portfolio.

The deal values WonderFi shares at 36 Canadian cents each—a 41% premium to their last closing price.

The acquisition continues Robinhood’s strategy of evolving beyond its origins as a commission-free stock trading platform and building a more diverse financial ecosystem.

Robinhood’s acquisition spree, including its $200 million purchase of crypto exchange Bitstamp in 2024, highlights its commitment to scaling its crypto operations.

By acquiring established platforms like Bitbuy and Coinsquare, the company gains both market access and a ready user base in Canada.

The post LATAM crypto wrap: Bybit expands regionally, Panama announces tax payment in crypto appeared first on Invezz

US retail stocks are in focus this week after the Bureau of Labour Statistics said that inflation was up slightly less-than-expected in April.

Inflation data tends to be significant for retail stocks as it directly influences consumer purchasing power and overall business costs.

According to Stephanie Link, the chief investment strategist, a handful of the US retail stocks are particularly well-positioned to own after April’s CPI reading.

Her top picks include Walmart, Amazon, and Costco.

Walmart Inc (NYSE: WMT)

Walmart missed revenue expectations in its fiscal first quarter and warned this week that it will begin raising prices in response to tariffs.

The company cited increased import costs stemming from the US administration’s trade policies and indicated that consumers could start seeing the impact as early as the end of May.

Still, Stephanie Link remains bullish as ever on the retail giant as a 4.5% increase in same-store sales in the US suggests “they’re crushing it.”

Plus, the NYSE-listed firm is “being conservative on guidance,” she added.

Link sees WMT as strongly positioned to absorb the tariffs-driven costs, thanks to its fortress of a balance sheet.

On CNBC’s “Squawk Box”, she dubbed Walmart an all-weather stock as 72% of its sales come from consumables.

Finally, a close to 1% dividend yield tied to WMT shares makes them all the more exciting to own in 2025.

Amazon.com Inc (NASDAQ: AMZN)

Hightower’s chief investment strategist favours owning Amazon for retail exposure this year since it continues to grow its market share in eCommerce and has a strong presence globally.

According to Stephanie Link, Amazon’s scale positions it well to absorb tariff-related increases in costs.

This could even help insulate the multinational from rising competition from the likes of Temu and Shein.

All in all, if the US economy “continues to chug along and the consumer doesn’t die,” investors will remain interested in Amazon stock in 2025, she argued in a recent interview.

Note that AMZN shares are currently down more than 15% versus their year-to-date high, which makes them appealing in terms of valuation as well.

Costco Wholesale Corp (NASDAQ: COST)

Stephanie Link counts Costco stock among her top picks for 2025 as it’s exceptionally positioned to navigate an uncertain macro environment.

She recommends owning COST this year for the strength of its membership model, as it’s known to drive customer loyalty that translates to consistent revenue streams.

Additionally, the retail behemoth’s efficient supply chain and bulk pricing strategy help it maintain profitability even in challenging economic conditions.

Like Walmart, Costco is a dividend-paying stock, currently offering a yield of 0.51%—another compelling reason to consider adding it to your portfolio.

Wall Street agrees with Link on Costco stock as well, given the consensus rating currently sits at “overweight” with price targets going as high as $1,205, indicating potential upside of more than 20% from current levels. 

The post Stephanie Link reveals her favourite retail stocks after April inflation data appeared first on Invezz

The S&P 500 Index continued its strong rally last week, rising to a high of $5,958, its highest point since March 3. It has jumped by over 23% from its lowest point in April, meaning that it is in a bull market. 

The index jumped as the recent trade risks eased after last week’s meeting between the US and China in Switzerland. They agreed to lower their tariffs to 30% and 10%, respectively, and pledged to do more going forward.

There are signs that the US will reach agreements with other countries, including the European Union, Canada, and Mexico. Such deals will improve the outlook of most S&P 500 Index companies. 

The index also jumped as the earnings season delivered. FactSet data show that 92% of all companies in the index have published their results so far. Of these companies, their blended earnings growth was 13.6%, higher than expectations and the second consecutive quarter of earnings growth. 

S&P 500 Index chart

Top S&P 500 stocks to watch next week

Many companies in the S&P 500 Index will publish their financial results next week. Some of the most notable ones are retailers like Home Depot, Lowe’s, and Target. Other firms to watch will be Palo Alto Networks, Autodesk, Intuit, Analog Devices, Ralph Lauren, TJX, and V. F Corp.

US retailers to shed light on tariff impact

The biggest US retailers will publish their earnings next week and shed light on the impact of Donald Trump’s tariffs on their operations. 

These numbers will come after Walmart, the biggest US retailer, published strong results and hinted of what to come. Its sales jumped to $165.6 billion from the $161.5 billion it made last year. Most importantly, it e-commerce sales jumped by 22%.

Walmart also said that it will increase prices as the impact of tariffs become clear. In a statemet on Truth Social, Trump asked the company not to hike prices, but instead ‘eat’ the tariffs. 

Target will be a top retailer to watch as its business has struggled in the past few years. Analysts anticipate the numbers to show that sales dropped by 0.24% to $24.1 billion, while its earnings per share moved from $2.03 to $1.69.

Meanwhile, analysts expect Home Depot’s revenues to be $39.27 billion, a 7.8% annual increase. Lowe’s revenue is expected to be $21 billion, down by 1.69% from last year. 

Software companies: Palo Alto Networks, Intuit, and Autodesk

In addition to retailers, some large software companies in the S&P 500 Index will publish their results next week. 

Palo Alto Networks, one of the biggest cybersecurity companies in the US, will be the first to report on Monday. Its stock has jumped by over 33% from its lowest point this year, and is hovering at its highest point since March.

Analysts expect the data to reveal that Palo Alto Networks’ revenues rose by 14.8% in the last quarter to $2.28 billion. The guidance for the currency financial year will be $9.18 billion, a 14.3% annualized increase. 

Read more: Is Palo Alto Networks a good cybersecurity stock for 2025?

Intuit stock price has also jumped by over 26% from its lowest point this year, and is now hovering at its highest point in months. The company, which runs the biggest accounting software in the world, will publish its numbers on Thursday. Analysts expect the numbers to show that its revenue rose by 12.2% to $7.56 billion.

The other top S&P 500 stocks to watch next week will be Autodesk, Analog Devices, Snowflake, Urban Outfitters, Ralph Lauren, Williams-Sonoma, and BJ’s Wholesale.

The post Top S&P 500 Index stocks to watch: PANW, HD, TGT, INTU, ADSK appeared first on Invezz

Moody’s stock price has bounced back in the past few weeks, mirroring the performance of most companies in Wall Street. MCO, which counts Warren Buffett as an investor, jumped to a high of $488, its highest point since March 4, and 30% above its lowest point this year. This article explores whether Moody’s shares will keep rising.

Moody’s business is doing well

Moody’s is one of the biggest companies in the financial services industry. It is a top credit rating agency, where it competes with S&P Global and Fitch Ratings. 

Moody’s makes money by charging fees to issuers of debt securities, which help lenders to determine the creditworthiness of these companies and countries. It also earns fees for rating new debt isssuances and surveillance fees. 

The company also has a large analytics business in which it offers subscriptions and software licensing. 

Moody’s is often seen as an all-weather company that makes money in all market conditions. It annual results shows that its revenue has been growing in the past few years, moving from $5.3 billion in 2020 to $7.08 billion last year. 

Moody’s is also a high-margin company as it generated a net profit of $2.05 billion, giving it a net income margin of 29.15%. 

The most recent results showed that the company’s business continued doing well in the first quarter. Its revenue rose by 8% to $1.065 billion, a record figure. Most of this revenue came from the Corporate Finance Group followed by Structured Finance, and Publi, Project, and Infrastructire Finance. 

Analysts are optimistic that Moody’s revenue will come in at $1.82 billion in the second quarter. They also expect that its earnings per share will be $3.28. For the year, analysts expect that its revenue growth will be 4.45% to $7.4 billion, while the earnings per share will move from $12.47 to $13.61.

Most analysts have a bullish outlook for the Moody’s stock, with the average target being at $502, up from the current $488. Some of the most bullish analysts are from Baird, Wells Fargo, and Barclays. 

Still, the risk is that Moody’s is not a cheap company. Data shows that the company has a forward price-to-earnings ratio of 39, up from the sector median of 11.46. Its non-GAAP P/E ratio is 35.9, also higher than the sector median of 10.9.

Moody’s valuation metrics are also higher than those of S&P Global, which has a forward P/E ratio of 37 and a non-GAAP multiple of 30.

Moody’s stock price analysis

MCO stock price chart | Source: TradingView

The daily chart shows that the MCO stock price bottomed at $377.75 in April as the tariff jitters continued. It has then rebounded and moved to $488 today.

The stock has moved above the 50-day and 100-day Exponential Moving Averages (EMA), while the Relative Strength Index is nearing the overbought level. 

The risk, however, is that the Moody’s stock price has formed a rising wedge pattern, a popular bearish sign. Its two lines are about to converge, which may lead to a bearish breakdown. 

The stock is also forming an inverse head and shoulders pattern whose shoulders are at $435. Therefore, the stock will likely drop and retest the support at $435, and then resume the upward trend.

The post Moody’s stock price is rising, but chart points to a pullback appeared first on Invezz

Uniswap price pulled back as the crypto market crashed in the past few days. UNI token dropped below $6 on Sunday, down from this month’s high of $7.5500. It has also tumbled by over 70% from its highest point in December despite some notable tailwinds. This article explores whether the UNI price has more upside to go.

Uniswap has numerous tailwinds

Uniswap, the biggest player in the decentralized exchange industry, faces some notable tailwinds that may benefit the UNI token in the future. 

First, despite strong competition from other decentralized exchanges, it still maintains its robust market share. A good example of this is what happened in the last 30 days when it processed transactions worth over $64 billion, a bigger number compared to its top peers.

PancakeSwap handled transactions worth $51.1 billion, while Raydium and Meteora processed $26 billion and $17.8 billion, respectively. This growth is likely because Uniswap exists in more chains, including Ethereum, Polygon, Arbitrum, Base, and Avalanche.

Second, Uniswap launched Unichain earlier this year, a process that has become highly successful. Unichain is a layer-2 network that aims to be a market leader in the industry. A few months after launch, it has already attracted over 20 developers, and more are on the way.

DEX networks in the Unichain project have continued to attract users and volume. For example, Unichain handled over $318 million in the last 24 hours, making it the seventh-biggest player in the industry. It has handled $3.5 billion in the last seven days, a 18% increase from the previous week. Also, Unichain has cumulatively handled over $10 billion since inception.

These numbers mean that Unichain has already overtaken some of the oldest and most popular chains in the crypto industry. For example, it has handled more transactions than Cardano, whose cumulative volume is $4.93 billion. It is also beating some popular chains like Tron, Avalanche, and Polygon. 

The other top Uniswap tailwind is that the network is making a lot of money as volume in the network jump. Data shows that Uniswap has become the second most profitable player in decentralized finance this year. It has made $357 million so far this year, beating other top players in DeFi like Lido, AAVE, and PancakeSwap. 

Uniswap price analysis

UNI price chart | Source: TradingView

The 3-day chart shows that the UNI price peaked at $19.42 in November and then retreated to the current $5.7. Its recent attempt to rebound found substantial resistance at the 50-day moving average at $7.54. 

The coin remains above the important support at $4.6763, the lowest swing on August 1 last year. It is also higher than the ascending trendline that connects the lowest swings since June last year. 

Therefore, UNI price will likely remain under pressure for a while and then bounce back once the crypto bull run resumes. Such a move will push it to the next resistance level at $15. A drop below the ascending trendline will invalidate the bullish outlook.

The post Uniswap price analysis as Unichain volume, network fees jump appeared first on Invezz

The crypto market remained under pressure in the past few days as the recent momentum faded. Bitcoin has stagnated below $105,000, while the market cap of all cryptocurrencies has dropped by over 3% in the last few days to $3 trillion. This article provides a forecast for top altcoins like Onyxcoin (XCN), Dogwifhat (WIF), and Litecoin (LTC).

Onyxcoin price analysis

XCN price chart | Source: TradingView

The Onyxcoin token has moved from obscurity into one of the best-performing players in the crypto industry. Its price jumped from a low of $0.00069 in September last year to $0.020 today, a 2,888% increase. 

The XCN token rally has caught many investors by surprise. For example, in January, Justin Sun warned that its performance was likely due to price manipulation, allegations that Onyxcoin rejected. 

Onyxcoin price has moved above the important support level at $0.0075, the lowest swing on April 7. It has also moved above the 50-day moving average, and most recently, is forming a bullish pennant pattern. This pattern comprises of a vertical line and a symmetrical triangle pattern. 

Therefore, the most likely scenario is where the Onyxcoin price rebounds and hits the important resistance level at $0.04923, the highest swing in January this year. It needs to cross that level to invalidate the double-top pattern whose neckline is at $0.00754. A move above that level will point to more gains, potentially to $0.1. 

Read more: Top 3 crypto tokens to sell to avoid long-term losses

Dogwifhat price prediction

WIF price chart | Source: TradingView

The WIF token bottomed at $0.3024 as most Solana meme coins plunged earlier this year. It then staged a strong comeback, moving to a high of $1.3115 on May 12 as the crypto market bull run intensified. 

Recently, however, there are signs that the WIF price has lost momentum and is trading at $0.9500. It is hovering at its lowest level since last Sunday.

Dogwifhat price has remained above the 50-day moving average, a sign that bulls remains in control and that the ongoing pullback is merely a technical retracement.

WIF price has also formed what looks like a cup-and-handle pattern, a common continuation sign. Therefore, there is a likelihood that the Dogwifhat price will continue rising as bulls target the initial resistance at $1.3115. A move above that level will point to more gains to $1.50.

Litecoin price forecast

LTC price chart | Source: TradingView

The daily chart shows that the Litecoin price has been in a slow uptrend in the past few weeks, moving from a low of $63 to a high of $106.90. 

Litecoin price moved above the important resistance level at $96.30, the neckline of the inverse head and shoulders pattern. The head of this pattern is at $63, while the shoulders are at around $83. An inverse H&S pattern is one of the most bullish signs in technical analysis.

Litecoin price has formed a break-and-retest pattern by moving back to the neckline at $96.30. Therefore, Litecoin price will likely have a strong bullish breakout, with the next point to watch being at $106.90 followed by $110. This rebound will likely happen as the LTC ETF odds jump.

The post Top crypto price predictions: Onyxcoin (XCN), Dogwifhat (WIF), Litecoin appeared first on Invezz