Cryptocurrency Price Prediction: Monero, Dogecoin & Bitcoin – Asian Market Update (18 August)

Monero Price Outlook: XMR Targets Wedge Breakout as Hashrate Surges

Monero (XMR) is extending its upward streak for the third straight session on Monday, trading firmly in positive territory. The privacy-focused token is eyeing a breakout above its 200-day Exponential Moving Average (EMA) as demand strengthens. A key driver has been Qubic, which now controls over 51% of Monero’s hashrate, raising dominance concerns but also highlighting network activity. In addition, Kraken has resumed Monero deposits, though with stricter security — requiring 720 confirmations before crediting funds.

Dogecoin Price Forecast: Bearish Pressure Builds as Qubic Eyes DOGE

Dogecoin (DOGE) is facing renewed downside pressure, slipping nearly 4% during Monday’s Asian trading hours and nearing the crucial $0.21 support zone. A daily close below this level could open the door to deeper losses. Sentiment soured further after the Qubic community, which recently executed a 51% attack on Monero, voted to target Dogecoin next. On-chain data shows rising realized losses among holders, while derivatives markets reflect increased short positions — signaling bearish momentum for DOGE in the short term.

Bitcoin, Ethereum & Ripple: Weak Momentum Signals Pullback Risks

The top three cryptocurrencies — Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) — are showing early signs of fatigue as momentum eases across the broader market.

Bitcoin (BTC) is holding near the $116,000 support, with technicals suggesting a potential breakdown if buying interest doesn’t pick up.
Ethereum (ETH) continues to struggle below the $4,488 resistance, leaving it vulnerable to short-term corrections.
Ripple (XRP) trades close to the $2.99 support, where a sustained breach could trigger extended downside.

Momentum indicators across these majors point to growing risks of a deeper market-wide pullback, as investors await fresh catalysts to drive a decisive trend.

✅ This update blends technical insights with the latest market developments, helping traders stay alert to potential breakouts and risks in XMR, DOGE, BTC, ETH, and XRP.

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Yasher Rizwan