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Cryptocurrencies Price Prediction: Cardano and Bitcoin – Asian Wrap 19 October

Cryptocurrencies Price Prediction: Cardano and Bitcoin – Asian Wrap 19 October
FXStreet TeamFXStreet TeamFXStreet

Cardano Price Forecast: ADA risks 15% downside as retail demand, bullish momentum wane

Cardano (ADA) is trading above $0.2200 at press time on Monday, holding steady after a 12% decline the previous week. The altcoin is losing retail interest as the notional value of active ADA futures positions declines. The technical outlook for ADA suggests a downside bias following the bearish breakout below a near-term support trendline last week.

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC rebounds to $82,500 as ETH and XRP hold support

Bitcoin hovers around $82,488 at press time on Monday, holding above both the 50-day EMA at $80,607 and the 200-day EMA at $76,034, which keeps the broader bias constructive despite nearby overhead levels. The recovery in BTC price is pressing against a downward resistance trend line, with the break level just above at $82,526, while the $85,000 round figure adds to the immediate topside cap. The Moving Average Convergence Divergence (MACD) remains below its signal line, and the Relative Strength Index (RSI) at 50 is neutral, suggesting a consolidative bullish tone.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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