Cryptocurrencies Price Prediction: Pi Network, Cardano & Bitcoin – Asian Wrap 20 April

Pi Network Price Forecast: PI extends downside risk after losing 50-day EMA support

Pi Network (PI) trades at $0.171 on Monday after being rejected at its 50-day Exponential Moving Average (EMA) near $0.178 and closing below it on Sunday, signaling weakening bullish momentum. The broader crypto market remains cautious amid renewed tensions between the US and Iran in the Strait of Hormuz, keeping pressure on risk assets. Meanwhile, the technical outlook suggests PI could face a deeper correction, as momentum indicators begin to flash early bearish signals.

Cardano Price Forecast: US–Iran tensions and bearish bets cap ADA

Cardano (ADA) price trades at around $0.245 on Monday after a mild recovery of 2.67% in the previous week. However, the risk sentiment was dampened over the weekend as renewed tensions between the US and Iran in the Strait of Hormuz weighed on broader markets. Moreover, weakening derivatives metrics for ADA support a bearish outlook, keeping the recovery capped.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC holds steady, ETH tests support, XRP weakens amid renewed US–Iran Strait of Hormuz tensions

Bitcoin price is trading at $74,500 on Monday, after extending its three-week rally. BTC is retaining a bullish near-term bias as price holds above the 50-day Exponential Moving Average (EMA) at $71,893 and has reclaimed the former downtrend resistance line (triangle pattern) around $72,940 as support. The Crypto King is also stabilizing just over the 38.2% Fibonacci retracement at $74,487, while the Relative Strength Index (RSI) is at 57, and a still-positive Moving Average Convergence Divergence (MACD) line supports ongoing upside pressure, even as the advance starts to slow.