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Cryptocurrencies Price Prediction: Pi Network, Zcash & XRP – Asian Wrap 05 December

Cryptocurrencies Price Prediction: Pi Network, Zcash & XRP – Asian Wrap 05 December
FXStreet TeamFXStreet TeamFXStreet

Pi Network Price Forecast: Bearish streak nears critical support trendline

Pi Network (PI) edges lower on Friday for the third consecutive day, approaching a local support trendline. The on-chain data suggests an increase in supply pressure as Centralized Exchanges (CEXs) experience a surge in inflows. Technically, the pullback in PI risks further losses, as the Moving Average Convergence Divergence (MACD) indicator is flashing a sell signal.

Top Crypto Gainers: Zcash rallies as MYX Finance, Dash test critical EMA levels

Zcash (ZEC), MYX Finance (MYX), and Dash (DASH) are the top-performing assets in the top 100 cryptocurrency list over the last 24 hours. The privacy coin leads the rally while MYX and DASH struggle to clear their 100-day Exponential Moving Averages (EMA).

XRP slides amid record on-chain activity, mixed technical signals

Ripple (XRP) is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

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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.

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XRP holds key support amid thinning liquidity on exchanges

XRP holds key support amid thinning liquidity on exchanges

Ripple (XRP) regains support at $1.00 on Wednesday, following the headwinds experienced the day before. Near-term support around $0.99 encouraged investors to reengage, supported by the return of inflows into spot Exchange-Traded Funds (ETFs).

Crypto Today: Bitcoin, Ethereum, XRP defend key support as ETF inflows return

Crypto Today: Bitcoin, Ethereum, XRP defend key support as ETF inflows return

Bitcoin’s upside remains capped on Wednesday while the downside appears strongly supported above $64,000. Altcoins, including Ethereum and Ripple, are broadly consolidating with ETH trading above $1,900 and XRP above $1.00.

Pump.fun Price Forecast: Bullish signs support long-term upside

Pump.fun Price Forecast: Bullish signs support long-term upside

Pump.fun (PUMP) is down 3% on Wednesday, easing after nearly 13% gains the previous day. PUMP derivatives point to increasing leverage-driven demand as Open Interest rises to a seven-month high of $258.62 million.

Bitcoin slips toward key 50-day EMA ahead of FOMC Minutes

Bitcoin slips toward key 50-day EMA ahead of FOMC Minutes

Bitcoin (BTC) edges lower toward the 50-day Exponential Moving Average (EMA) around $64,370 at the time of writing on Wednesday after posting a 2.9% gain over the previous two days.

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin: Hormuz uncertainty clouds BTC outlook

Bitcoin (BTC) trades around $62,900 at the time of writing on Friday, down over 3% so far this week amid cautious institutional demand and persistent geopolitical uncertainty. While BTC shows signs of stabilization, elevated Oil prices and tensions in the Strait of Hormuz continue to weigh on risk sentiment, keeping the Crypto King’s near-term outlook under pressure.