Cryptocurrencies Price Prediction: Hyperliquid, Cardano & Bitcoin – Asian Wrap 07 September
Hyperliquid Price Forecast: Downside risk looms as momentum stretches thin
Hyperliquid (HYPE) price is trading in the red on Monday, stalling after 10% gains last week. HYPE-focused Exchange Traded Funds (ETFs) recorded their fifth consecutive weekly inflows, projecting steady institutional demand. The technical outlook for HYPE warns of potential downside risk as bullish momentum stretches thin.
Cardano Price Forecast: Strengthening momentum points to cautious upside extension
Cardano (ADA) trades around $0.222 on Monday after rallying over 15% last week. Mixed derivatives data and mildly bullish on-chain metrics point to cautious market sentiment. Meanwhile, strengthening momentum indicators suggest ADA could see further gains if the recovery continues.
Crypto Overview: Bitcoin faces sell wall at $82,850 amid $1 billion crypto ETF inflows – Jupiter, Zcash rally
Bitcoin trades around $79,939, maintaining a broadly bullish bias. The King Crypto holds well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), clustered between $70,000 and $73,000, forming a firm support zone. From a technical perspective, the May 6 high at $82,850 serves as the immediate resistance zone. A confirmed breakout above this level could target the 78.6% Fibonacci retracement level at $89,337, measured from $97,924 to $57,800.
Author
FXStreet Team
FXStreet
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.
