Cryptocurrencies Price Prediction: Bittensor, Cardano & Solana — Asian Wrap 6 May

FXStreet Team FXStreet

Top 3 gainers Bittensor, Akash Network, Saros: AI tokens steady amid wider market consolidation

The broader cryptocurrency market is in a consolidation rut, with Bitcoin (BTC) holding above $94,000. However, select Artificial Intelligence (AI) tokens, including Bittensor, Akash Network and Saros, have remained steady in the last 24 hours. This positive outlook on AI tokens comes a day after United States (US) President Donald Trump attended the “Crypto & AI Innovators Dinner,” hosted by MAGA Inc. Bittensor (TAO), the token powering a robust decentralized network for collaborative machine learning, exchanges hands at $366 at the time of writing on Tuesday, down nearly 3% on the day but holding onto gains accrued in the past 24 hours.

Cardano Price Forecast: ADA builds bearish momentum amid on-chain weakness

Cardano (ADA) price hovers around $0.650 at the time of writing on Tuesday after falling nearly 6% over the last two days. On-chain data supports the bearish thesis, as funding rates are negative and network activity is falling. The technical outlook suggests a correction, as the momentum indicators, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show bearish signs.

Solana holds steady as DeFi Development Corp plans to acquire SOL validator

Solana (SOL) traded above $145 on Monday after DeFi Development Corporation revealed progress in its plan to acquire a Solana validator business for $3.5 million. The company claims that this move will allow it to self-stake all its Solana holdings and claim the staking rewards as part of its revenue.

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.