Cryptocurrencies Price Prediction: Zcash, Bitcoin & Solana – Asian Wrap 02 November

Solana Price Forecast: SOL slides below key EMAs as ETF outflows peak

Solana (SOL) remains under pressure on Monday, hovering around $95.48 after extending its losing streak to five consecutive weeks. Bearish sentiment strengthens as SOL’s spot Exchange Traded Funds (ETFs) recorded weekly outflows of $71.47 million, marking the largest withdrawals since their launch. Meanwhile, weakening on-chain metrics and a deteriorating technical outlook suggest that SOL could face further downside risks.

Top 3 Price Predictions: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP rebound as November begins after a losing October

Bitcoin price trades at $78,462 on Monday, consolidating between key Exponential Moving Averages (EMAs) as near-term bias turns slightly heavy. The 50-day EMA at $80,307 acts as immediate overhead resistance, capping attempts to resume the prior uptrend, while the 100-day and 200-day EMAs at $77,831 and $76,471, respectively, sit below price and hint at a still constructive broader structure.

Zcash Price Forecast: ZEC rebounds as ZODL founder now supports ending community grants

Zcash (ZEC) shows signs of recovery on Monday, extending gains above $1,250 as the Zcash Open Development Lab (ZODL) founder, Josh Swihart, now supports the compromise proposal to end the 8% block reward share directed to Zcash Community Grants (ZCG). Institutional and retail investors show signs of renewed risk appetite for Zcash with the second weekly Exchange Traded Fund (ETF) inflows of roughly $18 million while its futures Open Interest rises to almost 2 million ZEC.