Cryptocurrencies Price Prediction: Cardano, Dogecoin & Bitcoin — Asian Wrap 20 October

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Cardano Price Forecast: ADA risks deeper correction as open interest drops to a yearly low, short bets surge

Cardano (ADA) hovers around $0.64 at the time of writing on Monday, having corrected nearly 7% in the previous week. Derivatives data signal waning trader confidence and growing expectations of further downside as Open Interest (OI) drops to a yearly low, coupled with a surge in short bets. The technical indicators also suggest the potential for a deeper correction targeting levels below $0.60.

Meme Coins Price Prediction: Technical signals forecast a rebound in Dogecoin, Shiba Inu, Pepe

Dogecoin holds steady above $0.19000 at press time on Monday, following the 5% gains from two consecutive days of recovery. The meme coin approaches the $0.20000 psychological level after bouncing off the $0.18527 support formed on October 11. If Dogecoin’s recovery reclaims the 200-day Exponential Moving Average (EMA) at $0.22021, it could extend the rally to the centre Pivot Point level at $0.24818. Furthermore, it could avoid an impending Death Cross pattern between the 50-day and 200-day EMA.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP struggle as selling pressure mounts

Bitcoin price faced rejection from the 50-day Exponential Moving Average (EMA) at $113,950 on Tuesday and declined 7.36% by Friday. However, BTC found support around the 61.8% Fibonacci retracement at $106,453 on Saturday and recovered by 2.22% the next day. At the time of writing on Monday, BTC hovers at around $108,700. If BTC continues its price correction and closes below the $106,453 support, it could extend the decline toward the October 10 low of $102,000.

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XRP rebound remains fragile as muted ETF flows and weak technicals cap upside

Ripple (XRP) is regaining momentum, trading above $1.10 at the time of writing on Monday. This modest rebound mirrors the broader recovery observed across the cryptocurrency market.

Bitcoin Weekly Forecast: Strategy sells, the market doesn’t care

Bitcoin reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning.

Pi Network tests key support as bears anticipate further decline

Pi Network tests $0.1000 on Friday, edging higher after six consecutive days of weakness. The technical outlook is bearish as intense sell-side momentum warns of a steeper correction despite mild intraday recovery.

Uniswap Price Forecast: Rising stablecoin activity fuels UNI bullish rally chances

Uniswap is up 3% on Friday, extending its rebound from the 50-day EMA at $3.08. Retail demand builds around Uniswap as Open Interest rises 5% in 24 hours, with a positive spike in the funding rate.

Bitcoin: Strategy sells, the market doesn’t care

Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.