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Cryptocurrencies Price Prediction: Bitcoin, Hyperliquid & Cardano – Asian Wrap 23 October

Cryptocurrencies Price Prediction: Bitcoin, Hyperliquid & Cardano – Asian Wrap 23 October
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP rebound as major support levels cap recent sell-off

Bitcoin price trades at $81,856 on Friday, holding above the short- and medium-term Exponential Moving Averages (EMAs), which keeps the near-term bias mildly bullish despite the recent consolidation. The 50-day EMA at $80,878, together with the 100-day EMA at $77,528 and the 200-day EMA at $76,186, sit below price and suggest an underlying constructive trend, even as the Relative Strength Index (RSI) around 47 leans neutral. The Moving Average Convergence Divergence (MACD) remains slightly negative, hinting that upside momentum is not yet fully convincing.

Why Hyperliquid is losing RWA market share to centralized exchanges

Hyperliquid (HYPE) is losing market share in real-world asset (RWA) perpetual futures to centralized exchanges (CEXs) even as the overall financial market faces pressure. Hyperliquid’s trade.xyz accounted for roughly 80% of RWA perpetual trading volume in July, according to Artemis data shared by Ark Invest Digital Asset Head of Research Lorenzo Valente.. Its share has since fallen to 26%, while centralized exchanges collectively control 64% of the market. Weekly trading volume has doubled to tripled from around $20 billion to between $40 billion and $60 billion.

Cardano Price Forecast: Whale selling deepens ADA correction

Cardano (ADA) edges higher by nearly 2% on Friday, following a roughly 6% decline the previous day. The pullback aligns with the sell-side appeal among large-wallet investors, commonly referred to as whales, and Cardano derivatives. The technical outlook for ADA is bearish, with downside momentum persisting.

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Cardano Price Forecast: Weak momentum puts ADA recovery at risk

Cardano Price Forecast: Weak momentum puts ADA recovery at risk

Cardano is trading below $0.222 on Thursday after failing to sustain gains above the 50-day Exponential Moving Average near $0.228 the previous day. Weakening derivatives metrics and fading bullish momentum continue to weigh on sentiment, while a break below the 100-day EMA could push ADA lower. Derivatives data shows a cautious outlook for Cardano.

Ripple and Stellar outlook: XRP and XLM recovery stalls below EMAs

Ripple and Stellar outlook: XRP and XLM recovery stalls below EMAs

Ripple and Stellar remain under pressure on Thursday as both struggle to sustain their recent recovery attempts. XRP trades below $1.36, while XLM slips beneath $0.183, as mixed derivatives metrics, weakening momentum indicators and heating market conditions suggest cautious market sentiment. Derivatives data shows weakening conditions for Ripple and Stellar.

Zcash Price Forecast: ZEC reclaims $1,300 as ETF inflow hits 30-day high

Zcash Price Forecast: ZEC reclaims $1,300 as ETF inflow hits 30-day high

Zcash price hovers above $1,300 on Thursday, sustaining its 15% gains so far this week with three straight days of recovery. Institutional and retail appeal is returning, with over $15 million in inflows recorded on Wednesday and ZEC futures Open Interest rising to a 30-day high of $2.89 billion. The technical outlook for ZEC indicates an upside bias as recovery gains traction.

Bitcoin derivatives improve, but $87,000 sell wall looms

Bitcoin derivatives improve, but $87,000 sell wall looms

Bitcoin (BTC) showed signs of recovery on Wednesday as derivatives positioning improved, but sell risk grew between $86,500 and $87,500, where sell orders and leveraged liquidation clusters could limit further gains.
Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.