Cryptocurrencies Price Prediction: Cardano, Bitcoin & Hyperliquid – Asian Wrap 13 November

Cardano Price Forecast: On-chain and derivatives weakness point to further ADA downside

Cardano (ADA) extends losses, trading below $0.169 on Friday, with losses nearing 4% so far this week. Moreover, ADA is heading into its sixth consecutive weekly correction, down more than 30% since early October. Weakening derivatives metrics and bearish on-chain indicators point to declining market participation, while the technical outlook suggests further downside risks as sellers maintain control.

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP extend losses as downside momentum dominates

Bitcoin price trades at $69,195 on Friday, extending its decline well below the key Exponential Moving Averages (EMAs). The 200-day EMA at $76,291, the 100-day EMA at $77,205 and the 50-day EMA at $78,245 all sit overhead, reinforcing a bearish near-term bias as BTC retreats away from its prior consolidation band. The Relative Strength Index (RSI) at 25 has slipped into oversold territory. Meanwhile, the Moving Average Convergence Divergence (MACD) remains deeply negative, suggesting downside momentum is strong even if short-term bounces emerge from stretched conditions.

Hyperliquid gains on centralized exchanges as open interest crosses $18B

Hyperliquid's (HYPE) open interest climbed to a record $18.1 billion in September as the decentralized exchange gained ground against major centralized trading platforms, with its share of combined open interest across eight leading exchanges rising to 11.7% in Q3. The September 22 peak came as traders rebuilt positions in Hyperliquid's native derivatives markets, reversing the dominance of its HIP-3 markets, which offer perpetual futures tied to traditional assets such as equities, indices and commodities, according to its Q3 report released Thursday.