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Cryptocurrencies Price Prediction: Solana, Ripple & Cardano — Asian Wrap 20 October

Solana price turns bullish after confirming trend reversal, 20% gains incoming for SOL?

Solana (SOL) price has confirmed a trend reversal, turning bullish after a stark fall beginning July to the pits of September. After pivoting on a key level, the purported Ethereum killer could be on course to foray into a $30.00 psychological range.

XRP price jumps almost 10% as SEC drops lawsuit against Ripple executives

The US Securities and Exchange Commission has dropped its charges against executives from Ripple Labs, including CEO Bradley Garlinghouse and co-founder Christian Larsen.

Cardano price tests main support for the fifth time as ADA fizzles out towards its bottom

Cardano (ADA) price has been stuck within range for the past several months, rising only to pull back to specific mean position. The oscillation has limited the upside potential for ADA, with its price stagnating around multi-month ranges.

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Ripple tumbles as sell-side pressure intensifies

Ripple edges lower and trades at $1.45 on Wednesday, as headwinds intensify across the crypto market. Major crypto assets remain in bearish hands, with Bitcoin falling below $84,000 and Ethereum below $2,800.

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Bitcoin’s correction follows a recent rejection due to supply around $87,200. Altcoins are generally in a correction trend, as Ethereum edges lower toward the next key support at $2,600 and Ripple extends its down leg near the $1.45 demand area.

Polygon extends decline as shutdown rumors fuel panic selling

Polygon is down nearly 5% on Wednesday, amid selling pressure linked to rumors of a network shutdown sparked by a social media post. Derivatives data shows a sell-side dominance as Open Interest declines 13% over the last 24 hours while funding rates flip negative.

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network (PI) continues to extend a bearish phase over the last seven days, risking a breakout below the $0.0800 round figure. The social chatter surrounding the PI token is on the rise, likely driven by investors’ fear.

Bitcoin: Is BTC setting up for an Uptober rally?
Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.