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.