|

Cryptocurrencies Price Prediction: Dogecoin, Cardano & Bitcoin – Asian Wrap 11 May

Dogecoin Price Forecast: DOGE falls despite retail strength, pressuring the $0.10 threshold

Dogecoin (DOGE) is trading in the red on Monday, erasing the 3% gains made on the previous day. Retail strength in the meme coin holds strong despite heavy long liquidations over the last 24 hours, anticipating a rebound. The technical outlook is mixed as DOGE remains trapped below a declining resistance trendline and the 100-day Exponential Moving Average (EMA) at $0.1055.

Cardano Price Forecast: ADA takes a breather near 200-day EMA, upside bias remains intact

Cardano (ADA) price edges lower to $0.27 on Monday, after rallying over 13% the previous week. Despite the short-term pause, derivatives data shows mild bullish positioning among traders. On the technical side, price action remains constructive, suggesting the upward move could extend if key support levels remain intact.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC holds gains, ETH closes above key resistance, XRP eyes bullish channel breakout

Bitcoin price is trading at $81,200, holding a constructive bullish bias as it consolidates above a dense band of Exponential Moving Averages (EMAs) and structural support. BTC price action is trading above the 50-day, 100-day, and 200-day EMAs, which cluster between roughly $76,000 and $82,000, suggesting the broader uptrend remains intact despite the recent pullback. The Relative Strength Index (RSI) eases back toward the low-60s from near-overbought territory, hinting at moderating but still positive momentum. At the same time, the Moving Average Convergence Divergence (MACD) indicator remains in positive territory even as its recent downtick and softer histogram hint at a waning upside impulse rather than a full-fledged reversal.

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

XRP Price Prediction: XRP tests major support at $1.00
Ripple (XRP) remains pressured on Friday, trading around $1.03 at the time of writing. The token appears to hold this current level as support but lacks a catalyst to sustain a knee-jerk rebound toward the next key resistance at $1.10.
Top AI Coins Forecast: Chainlink, Near Protocol and Bittensor broadly stabilize after sell-off
The cryptocurrency market is stabilizing on Friday as prospects for de-escalation in Middle East geopolitical tensions improve. Artificial Intelligence (AI)-focused tokens such as Chainlink (LINK), Near Protocol (NEAR), and Bittensor (TAO) continue to face selling pressure, yet are defending key technical support levels.
Bitcoin’s volatility has nearly disappeared – The risk hasn’t
Spot Bitcoin ETFs are yet to see outflows this month, bringing in $754 million in the first week of August. Yet, Bitcoin remains steady at $64,700, while options flow favors protection at $62,000 and $63,000. The opposing signals point to a market with a spot bid but limited conviction.
Crypto Today: Bitcoin, Ethereum hold steady, XRP decline nears $1.00 amid easing geopolitical tensions
Cryptocurrency prices are relatively stable on Friday, with Bitcoin (BTC) edging higher above the immediate $64,000 support. Ethereum (ETH) holds fairly above the short-term $1,900 demand area, as bulls target a potential breakout. Meanwhile, Ripple (XRP) maintains a dominant bearish outlook, edging lower toward the crucial $1.00 support.
Bitcoin: Can bulls weather the market uncertainty?
Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.