Cryptocurrencies Price Prediction: Cardano, Stellar & Bitcoin – Asian Wrap 01 July
Cardano Price Forecast: Consolidation near support as bearish momentum eases
Cardano (ADA) trades around $0.146 on Wednesday, stabilizing after a sharp correction as selling pressure eases. Weakening derivatives metrics indicate traders remain cautious, while fading bearish momentum indicators suggest a potential recovery for ADA.
Crypto Overview: Stellar, Pyth Network extend rebound amid broader market stress
Stellar edges higher by 6% at press time on Wednesday, extending its 8% gains from the previous day. XLM crosses above the 50- and 200-day EMAs at $0.1897 and $0.1974, respectively, keeping the near-term bias mildly bullish. The RSI near 54 suggests constructive but not overextended momentum, while an uptick in the MACD line indicates a possible bullish crossover with the signal line, hinting that upside traction is improving but not yet impulsive.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC recovers from fresh yearly low, ETH and XRP consolidate at key levels
Bitcoin price is recovering slightly to $59,000 after hitting a new yearly low of $57,800 on Wednesday. BTC is extending its slide well below the key Exponential Moving Averages (EMAs), which keeps the bias firmly bearish. The 50-day EMA at $66,352, the 100-day EMA at $70,133 and the 200-day EMA at $76,276 all sit overhead, suggesting a market that remains capped by a dense band of medium- and long-term trend resistance.
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