Cryptocurrencies Price Prediction: Cardano, Ripple & Pi Network – Asian Wrap 06 August

Top Altcoins Price Forecast: Ripple, Cardano, and Solana vulnerable to deeper losses

Cardano extends losses below $0.1900 at press time on Thursday, after the $0.2000 psychological barrier capped its recent recovery. Still, ADA holds a mild bullish bias in the near term, as price remains above the 50-day EMA at $0.1766 but well below the 200-day EMA at $0.2627, indicating that the broader trend remains challenged. Momentum backs this upside tilt, with the RSI holding around 62 as it reverses from the overbought boundary, while the MACD, in positive territory, remains above the signal line, suggesting buyers retain control.

Ripple and Stellar outlook: XRP and XLM tumble as technical outlook deteriorates

XRP price trades at $1.04 on Thursday, holding in a bearish near-term structure with price lodged below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) at $1.11, $1.19 and $1.38 respectively. The Relative Strength Index (RSI) hovers around 39, pointing to lingering downside pressure. At the same time, the Moving Average Convergence Divergence (MACD) remains marginally negative, hinting that rallies are likely to be sold while these overhead EMAs continue to cap the pair.

Crypto Market Overview: Pi Network, Uniswap lead gains as Bitcoin steadies at $64,000

Pi Network shows a mild near-term bullish bias as it tests the bullish breakout of the overhead descending trendline near $0.0900. At the time of writing, PI trades above $0.0900 on Thursday, sustaining the 10% rebound gains from the previous day. The RSI has recovered toward 55, indicating reduced downside pressure, while the MACD rises with its signal line, hinting that recent buying pressure is attempting to challenge the prevailing downtrend.