Cryptocurrencies Price Prediction: Dogecoin, Cardano & Zcash – Asian Wrap 08 June

Dogecoin Price Forecast: Smart money flees DOGE, exposing a 12% downside risk

Dogecoin (DOGE) price hovers around $0.0850 at press time on Monday, keeping steady after a 5% rebound the previous day from the February 6 low at $0.08000. On-chain data show that large-wallet investors with 100 million to 1 billion DOGE have reduced their holdings to a five-month low, providing the downside pressure. Meanwhile, the DOGE futures Open Interest is down to a two-month low, suggesting weaker retail interest amid the broader market correction.

Cardano Price Forecast: ADA downtrend persists as bearish setup caps whale-backed rebound

Cardano (ADA) remains under pressure, trading below $0.170 on Monday after a massive correction in the previous week. The bearish price action is supported by the uncertainty surrounding Charles Hoskinson’s remarks last week, which weighed heavily on market sentiment. While on-chain data shows certain whale wallets accumulated ADA during the sharp correction, bearish technical indicators and weakening derivatives metrics suggest the recovery attempt could remain limited.

Crypto Overview: Zcash, Bittensor, and Ethereum stall after a mild rebound

Zcash hovers above $400 at press time on Monday, resurfacing above its 100-day Exponential Moving Average (EMA) at $428 after a 21% rebound from its 200-day EMA at $364. Still, the privacy coin is capped beneath the 50-day EMA at $485 and tests the 61.8% Fibonacci retracement level at $438, measured over the downswing from $750 to $184. A decisive close above this zone could test the 50-day EMA at $485, followed by the $500 psychological threshold.