TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Cryptocurrencies Price Prediction: PI, Cardano & Bitcoin – European Wrap 31 July

Cryptocurrencies Price Prediction: PI, Cardano & Bitcoin – European Wrap 31 July
FXStreet TeamFXStreet TeamFXStreet

Pi Network price forecast: PI struggles near $0.40 amid token unlock fears

Pi Network (PI) loses steam on Thursday, trading below $0.4200 at the time of writing, falling from a daily high of $0.4364 earlier in the day. The bearish grip on PI, which has been on a clear downtrend since mid-May, tightens ahead of the 160 million token unlock in August and the delay in PI integration by Onramp Money, tilting the technical outlook bearish. 

Chart

Cardano Price Forecast: ADA targets wedge breakout as bullish bets rise, $8.57 million in shorts at risk

Cardano (ADA) edges higher by nearly 3% at press time on Thursday, inching closer to the $0.8000 level. The derivatives data indicate an increase in long positions, putting $8.57 million of short positions at risk, while the technical outlook suggests ADA could continue to rise within a wedge pattern. 

Chart

Bitcoin Price Forecast: BTC extends consolidation as whale buying, regulatory clarity boost sentiment

Bitcoin (BTC) price is trading above $118,500 at the time of writing on Thursday, continuing a consolidation phase that has been underway for the past 16 days. Despite the lack of a clear price direction, on-chain data shows some signs of optimism for the largest cryptocurrency as large-wallet holders' accumulation increases and Over-The-Counter (OTC) balance has reached record lows. 

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

Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin hits lowest weekly close since August as short-term holders slip into losses

Bitcoin fell below $75,000 on Tuesday, after recording its lowest weekly close since August as selling pressure pushed recent buyers into losses. Short-term holders are approaching their break-even levels, while realized losses have increased relative to profits, according to Monday’s Glassnode Market Pulse.

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol Price Forecast: NEAR risks further decline as bearish signals mount

NEAR Protocol shows resilience above $3.50 on Tuesday, following the previous day’s rebound from the $3.40 support level. Muted institutional investor interest and a steady decline in retail demand, along with a negative Coinbase premium and outflows from NEAR futures, weigh on the AI token.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple and Stellar outlook: XRP and XLM extend losses as bears hold strong

Ripple (XRP) and Stellar (XLM) remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days. CryptoQuant’s summary data shows a bearish outlook for both altcoins.
Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.