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Cryptocurrencies Price Prediction: Pi Network, Cardano & Zcash – Asian Wrap 08 July

Pi Network Price Forecast: PI crashes to a record low amid broader market stress

Pi Network (PI) price edges toward $0.1000 at press time on Wednesday, extending losses for the fifth straight day. Retail sentiment remains bearish as Open Interest and the funding rate decline. The technical outlook for PI is bearish as selling pressure mounts, despite oversold conditions.

Cardano Price Forecast: Extends losses as whale offloading, weak derivatives pressure ADA

Cardano (ADA) remains under pressure, trading below $0.175 on Wednesday and posting four consecutive days of losses. Growing selling activity from large holders, weakening derivatives metrics and a deteriorating technical outlook suggest bears remain in control and could pave the way for further downside.

Crypto Market Overview: Bitcoin slips below $63,000 – Zcash and Polygon extend gains

Zcash holds above its 50-day EMA at $455 after gaining roughly 7% the previous day. The privacy coin shows a constructive bullish bias in the near term as Tuesday's rebound marks the breakout of a local resistance trendline. From a technical perspective, the 78.6% Fibonacci retracement, measured over the upswing from $184 to $690, at $520 serves as immediate resistance, capping the upside to the Fibonacci anchor at $690.

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Pi Network Price Forecast: PI crashes to a record low amid broader market stress

Pi Network price edges toward $0.1000 extending losses for the fifth straight day. Retail sentiment remains bearish as Open Interest and the funding rate decline. The technical outlook for PI is bearish as selling pressure mounts, despite oversold conditions.

Cardano Price Forecast: Extends losses as whale offloading, weak derivatives pressure ADA

Cardano remains under pressure, trading below $0.175 and posting four consecutive days of losses. Growing selling activity from large holders, weakening derivatives metrics and a deteriorating technical outlook suggest bears remain in control and could pave the way for further downside.

Crypto Market Overview: Bitcoin slips below $63,000 – Zcash and Polygon extend gains

Bitcoin trades below $63,000 risking a steeper correction amid resurfacing tensions between the US and Iran. Zcash and Polygon have maintained a steady recovery over the last 24 hours, hinting at an extended breakout rally. US military executed strikes against Iran on Wednesday in retaliation for three ships shot down by Tehran in the Strait of Hormuz.

SEC advances crypto regulatory agenda with proposals on token offerings, custody, market structure
The US Securities and Exchange Commission (SEC) on Tuesday unveiled an expansive crypto regulatory agenda for 2026. The regulator outlined plans to formalize oversight of digital assets through new rules governing token offerings, custody, trading platforms and broker-dealer operations.
Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move
Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.