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