Cryptocurrencies Price Prediction: Cardano, Curve DAO & Bitcoin – European Wrap 27 March
Cardano Price Forecast: ADA bulls target double-digit gains as bullish bets increase among traders
Cardano (ADA) price hovers around $0.74 at the time of writing on Thursday after a recovery of over 4% so far this week. On-chain data hints at a bullish picture as ADA’s stablecoin market cap rises while its bullish bets increase among traders.
Coinglass’s long-to-short ratio data for Cardano reads 1.15, the highest level over a month. This ratio above one reflects bullish sentiment in the markets as more traders are betting for the asset price to rise.
Curve DAO rallies as developer activity hits new ATH
Curve DAO (CRV) price extends its gains by 8% and trades above $0.58 at the time of writing on Thursday, rallying over 15% so far this week. DefiLlama data shows that the CRV’s developer commits hit a new all-time high (ATH), surpassing 900 commits per month. The technical outlook suggests a rally continuation as CRV’s long-to-short ratio points to increasing bullish bets among traders.
Bitcoin Price Forecast: BTC range-bound as momentum indicator shows trader indecisiveness
Bitcoin (BTC) price hovers around $87,000 at the time of writing on Thursday, while its Relative Strength Index (RSI) indicators suggest indecisiveness among traders. Moreover, Glassnode reports that BTC trades in a range-bound market, as on-chain profit-and-loss-taking events are declining in magnitude, highlighting a weaker demand profile and less sell-side pressure.
Author
FXStreet Team
FXStreet
