TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Cryptocurrencies Price Prediction: Solana, Cardano & Bitcoin – Asian Wrap 18 May

Cryptocurrencies Price Prediction: Solana, Cardano & Bitcoin – Asian Wrap 18 May
FXStreet TeamFXStreet TeamFXStreet

Solana Price Analysis: SOL declines as bearish momentum targets sub-$80 support

Solana (SOL) hovers below $85 at press time on Monday, trading in the red for the fourth consecutive day. SOL derivatives lose retail participation as the broader cryptocurrency market declines, even as steady inflows into SOL-focused Exchange Traded Funds (ETFs) occurred last week. The path of least resistance projects sub-$80 levels as the next potential rebound zone.

Cardano Price Forecast: Bears in control of the momentum hint at further losses

Cardano (ADA) remains under pressure, trading below $0.260 on Monday after correcting over 10% in the previous week. Mixed derivatives metrics and weakening on-chain data support a bearish outlook, hinting at a deeper correction for ADA.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC falls to key support, ETH and XRP remain under pressure

Bitcoin price trades at $77,145 on Monday after correcting by over 5% in the previous week. The Crypto King shows a neutral-to-bearish near-term tone, as price holds just above the 50-day and 100-day Exponential Moving Averages (EMAs) at $76,741 and $76,872, respectively, but remains clearly capped beneath the 200-day EMA at $81,945.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

The biggest story this week was Tuesday’s US midterm elections, which saw Democrats win control of both the House and the Senate in a clear blue wave. This political shift in the US has triggered sharp price swings across the cryptocurrency market.

Ripple nears oversold territory as traders eye buying opportunities

Ripple nears oversold territory as traders eye buying opportunities

Ripple remains structurally capped near $1.20 after selling pressure wiped out the early-week rise to $1.34, driven by the US midterm elections. Market participants exhibited regulatory concerns ahead of the Democrats taking control of Congress in January, with many repositioning and adjusting their portfolios.

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin is down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. A sharp sell-off in US technology stocks reversed Bitcoin’s post-election rally on Thursday, triggering a wave of liquidations across the market and intensifying bearish pressure.

Post-US midterm elections market sell-off weighs on PI

Post-US midterm elections market sell-off weighs on PI

Pi Network (PI) continues to attract sellers, as the post-US midterm results triggered a sell-off in the US tech stock market and also wiped out over $1 billion from the crypto market.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.