Cryptocurrencies Price Prediction: Cardano, Bitcoin & Zcash – Asian Wrap 26 October
Cardano Price Forecast: Derivatives and on-chain data confirm bears in control
Cardano (ADA) extends losses, trading below $0.202 on Monday after three consecutive weeks of more than 20% declines since early October. Selling pressure continues to build as weakening derivatives metrics, bearish on-chain signals and a deteriorating technical outlook point to further downside risks.
Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC slides below $80,000, ETH and XRP bears in control
Bitcoin price trades at $79,840 on Monday, holding above the 100-day and 200-day Exponential Moving Averages (EMAs) at $77,677 and $76,300, respectively, which underpin the broader uptrend, but it remains capped by the 50-day EMA at $80,787. The Relative Strength Index (RSI) at 40 points to fading bullish momentum, while the Moving Average Convergence Divergence (MACD) is negative and below its signal line with a still-weak histogram, suggesting that upside attempts are losing traction despite the supportive longer-term averages.
Zcash Price Forecast: Renewed ETF inflows struggle to counter broader market headwinds
Zcash (ZEC) is trading in the red around $1,200 on Monday, maintaining a capped tone with losses of over 15% so far this month. Institutional risk appetite is returning for the privacy coin, with over $40 million in inflows last week. Zcash must surpass last week’s high of around $1,368 to sustain an upward trend.
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