Cryptocurrencies Price Prediction: Derive, Cardano & Bitcoin – Asian Wrap 29 June
Derive Price Forecast: Rising derivatives demand positions DRV for further gains
Derive (DRV) edges higher on Monday, extending its third consecutive day of recovery above $0.1000. The increasing volume and fees collected through Perpetuals and Options contracts suggest that Derive’s market share in crypto derivatives is growing. The technical outlook is optimistically bullish for DRV, as a steady recovery run approaches a key resistance level near $0.1100, with a potential breakout rally in sight.
Cardano Price Forecast: Fading bearish momentum offers hope for recovery
Cardano (ADA) is stabilizing around $0.145 at the time of writing on Monday after suffering a sharp 21% decline over the previous two weeks. Derivatives metrics continue to reflect cautious market sentiment; however, fading bearish momentum suggests ADA could recover in the coming days.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC rebounds, ETH and XRP defend key support following recent correction
Bitcoin price recovers slightly, trading above $60,000, after losing over 6% in the previous week. However, BTC is maintaining a bearish bias as price remains below the 50-, 100-, and 200-day Exponential Moving Averages (EMAs) at $66,971, $70,592, and $76,516, respectively.
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