Cryptocurrencies Price Prediction: Cardano, Zcash & Bitcoin – Asian Wrap 12 October

Cardano Price Forecast: ADA holds above EMAs as recovery builds

Cardano (ADA) reclaims trading above the key support zone on Monday after a 2.85% correction last week. Improving derivatives positioning and constructive technical outlook support a recovery for ADA. Derivatives data shows an improving sentiment among Cardano traders. CoinGlass’ long-to-short ratio for ADA reads 1.01 on Monday, flipping into green territory. A ratio above one indicates bullish sentiment, as traders bet that asset prices will rise.

Zcash Price Forecast: $30 million ETF outflows weigh on mild ZEC recovery

Zcash (ZEC) trades around $1,278 at press time on Monday, holding the previous day's 4% gains and showing a steady recovery over the last three days. Institutional demand for Zcash remains low, with Grayscale’s ZEC-focused Exchange Traded Fund (ETF) recording $30 million in outflows last week. Zcash remains capped below the 50- and 200-period Exponential Moving Averages (EMAs) on the four-hour chart, risking a bearish reversal toward $1,050.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC reclaims $83,500, ETH takes back 50-day EMA, XRP holds support

Bitcoin price trades at $83,688 on Monday, retaining a constructive bullish bias as it holds well above the 50-day, 100-day and 200-day exponential moving averages (EMAs) clustered between roughly $75,700 and $80,200. The mildly positive Relative Strength Index (RSI) around 55 hints at steady but not overstretched upside momentum, while the Moving Average Convergence Divergence (MACD) indicator remains below the zero line, suggesting that the latest recovery is still correcting prior weakness rather than marking an outright momentum breakout.