Cryptocurrencies Price Prediction: Solana, Cardano & Bitcoin – Asian Wrap 16 March
Solana Price Analysis: SOL eyes bullish breakout as institutional demand holds strong
Solana (SOL) edges higher above $90 at press time on Monday, after a 13% rise the previous week. Institutional and retail demand for Solana holds strong, evidenced by rising inflows and Open Interest. The technical outlook for SOL focuses on the 50-day EMA as the immediate resistance, capping the upside above $100.
Cardano Price Forecast: ADA extends rally as whale accumulation, derivatives data, back bullish sentiment
Cardano (ADA) price extends gains, trading above $0.27 on Monday, after surging over 8% and closing above the descending trendline last week. On-chain and derivatives data paint a bullish picture, with large wallets increasing their ADA exposure alongside rising Open Interest (OI) and positive funding rates.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP extend rally as technical breakout sparks bullish momentum
Bitcoin price is trading at $72,300 on Monday. The near-term bias is mildly bullish as price pushes against the upper boundary of the parallel channel that has framed lower highs since early February. Daily closes remain well below the 50-day and 100-day Exponential Moving Averages (EMAs), which still hover in the upper 70,000s and mid-80,000s, acting as broader dynamic resistance.
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