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Cryptocurrencies Price Prediction: Solana, Cardano & Bitcoin – Asian Wrap 03 August

Cryptocurrencies Price Prediction: Solana, Cardano & Bitcoin – Asian Wrap 03 August
FXStreet TeamFXStreet TeamFXStreet

Solana Price Forecast: SOL risks a steeper decline below $70 despite steady ETF inflows

Solana (SOL) is trading in the red on Monday, losing bullish momentum and remaining capped below its 50-day Exponential Moving Average (EMA) at $75.68. SOL-focused Exchange Traded Funds (ETFs) show resilience with a monthly inflow of $14.62 million in July, while the near-term retail support wanes with the funding rate turning negative. The technical outlook for SOL is mildly bearish as downside momentum gains traction.

Cardano Price Forecast: Whale buying, derivatives metrics fuel ADA rally

Cardano (ADA) is trading around $0.187 on Monday after surging more than 14% last week and breaking above a key ascending trendline. The price recovery is supported by signs of whale accumulation and strengthening derivatives metrics, suggesting further upside for ADA.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC dips, ETH consolidates, XRP stalls

Bitcoin price trades at $63,265 on Monday, keeping a bearish near-term tone as price holds below the 50-day, 100-day and 200-day EMAs at $64,676, $67,205 and $73,001 respectively. The dense overhead EMA stack suggests rallies remain corrective. At the same time, the Relative Strength Index (RSI) at 46 leans slightly bearish, and the Moving Average Convergence Divergence (MACD) stays below zero with a negative reading, hinting at persistent downside pressure.

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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.

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