Cryptocurrencies Price Prediction: Cardano, Bitcoin & Dash — Asian Wrap 3 November

FXStreet Team FXStreet

Cardano Price Forecast: ADA slips below $0.58 as bearish momentum and trader short bets intensify

Cardano (ADA) price slips 6%, trading below $0.58 at the time of writing on Monday, extending last week’s 10% fall. Weakening on-chain activity and rising short positions among traders signal growing bearish sentiment. The technical outlook suggests further correction, as momentum indicators signal weakness.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple eye deeper correction as momentum continues to weaken

Bitcoin price faced rejection at the 78.6% Fibonacci retracement level (drawn from the April 7 low of $74,508 to the October 6 all-time high of $126,199) at $115,137 last week, and declined 3.51%. At the time of writing on Monday, BTC is trading down around $109,000. If BTC continues its correction and closes below the 61.8% Fibonacci retracement level at $106,453, it could extend the decline toward the October 10 low of $102,000.

Top Crypto Gainers: DASH posts listing gains while ASTER, ICP steadies post weekend rally

Dash ticks higher for the fourth consecutive day, rising over 2% at press time on Monday, following a 21% increase the previous day. The recent listing on the Binance-backed Decentralized Exchange (DEX) Aster fuels the DASH rally. The uptrend approaches the $100 level, and a decisive close above this level could target the R3 Pivot Point at $108. A steady uptrend in the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) suggests a strong bullish trend.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

Legal Text

Markets move fast. We move first.

Editor's Picks