Cryptocurrencies Price Prediction: Cardano, OKB & Ethereum — Asian Wrap 21 August
Cardano Price Forecast: ADA rebounds as whale accumulation and positive funding rates boost sentiment
Cardano (ADA) is showing signs of recovery, trading above $0.88 at the time of writing on Thursday after rebounding from key support the previous day. Santiment data shows that a large wallet accumulated ADA tokens during the recent market dips, highlighting renewed investor confidence. Derivatives data further support the recovery case, with funding rates turning positive and suggesting improving sentiment among traders.
Crypto Gainers: OKB leads crypto rally, Conflux and GateToken follow
OKB edges higher by 9% at press time on Thursday, extending the 42% gains from the previous day. The altcoin reached a new all-time high $195, with bulls targeting the $200 milestone. A decisive close above this psychological level would mark the R2 pivot level breakout, which could further extend the rally to the R3 pivot level at $255.
Ethereum Price Forecast: ETH bounces off $4,100 as whales show resilience
Ethereum (ETH) saw a 5% gain on Wednesday as large-scale holders continued accumulating the altcoin despite increased profit-taking from retailers. After two days of steady declines, Ethereum bounced back with gains of over 6% on Wednesday. The rise has sparked an increase in short liquidations, with positions worth over $100 million liquidated over the past 24 hours, per Coinglass data.
Author
FXStreet Team
FXStreet
