Cryptocurrencies Price Prediction: Bitcoin, Cardano & Tezos – Asian Wrap 2 March

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP under pressure as key supports face breakdown risk
Bitcoin price has been finding support around the lower consolidation range at $65,729 since Friday, with the price hovering there. As of writing on Monday, BTC is trading at $66,000, nearing this support level. If BTC breaks and closes below the lower consolidation range at $65,729, it could extend the decline toward Tuesday’s low at $62,510. A close below this level could extend losses toward the key support at $60,000.

Cardano Price Forecast: ADA recovers from key support amid uncertain market conditions
Cardano (ADA) recovers nearly 1% at press time on Monday following nearly 3% losses the previous day. Retail sentiment for Cardano remains mixed due to intense liquidations in ADA derivatives, while the positive funding rate skews the bias bullish. The technical outlook for ADA focuses on the crucial support level near $0.2593.

Top Crypto Losers: Tezos, Toncoin, and Polkadot at crucial levels amid US-Israel strike on Iran
Tezos dropped over 3% on Sunday as the 50-day Exponential Moving Average (EMA) capped the intraday gains. At the time of writing, XTZ is trading below $0.40 on Monday, approaching the February 6 low at $0.3582. The Moving Average Convergence Divergence (MACD) remains in positive territory on the daily chart but has started to flatten, suggesting a loss in momentum and increasing the risk of a bearish crossover with its signal line. The Relative Strength Index (RSI) at 37 stays below the midline, indicating that sellers retain control.

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FXStreet Team
FXStreet




