Cryptocurrencies Price Prediction: Pepe, Bitcoin & Pi Network – Asian Wrap 20 July

FXStreet Team FXStreet

Pepe Price Forecast: Bullish metrics signal potential trend reversal

Pepe (PEPE) edges higher on Monday, maintaining a near-term recovery tone seen over the last three weeks. Risk appetite among large wallet investors, commonly referred to as whales, for PEPE is rising, amid declining supply available on exchanges. Retail demand is also increasing, with PEPE futures Open Interest up 11% in 24 hours. Technically, PEPE should reclaim its 50-day Exponential Moving Average (EMA) around $0.000002850 for a sustained recovery in the short term.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC eyes breakout, ETH defends key support, XRP recovery stays on track

Bitcoin trades at $64,927 on Monday, recovering 1.45% over the previous week. Despite the mild rebound, BTC maintains a bearish bias, with price remaining below a dense band of Exponential Moving Averages (EMAs). BTC is capped by the 50-day EMA at $65,028, with the 100-day EMA at $68,141 and the 200-day EMA at $74,112 stacked higher, which collectively suggest that rallies are still occurring within a broader corrective phase.

Crypto Market Overview: Bitcoin nears $65,000 as Pi Network and Pump.fun rebound

Pi Network shows a steady recovery trend, extending for the fourth consecutive day on Monday. PI extends a positive rebound within a falling channel pattern, testing to reclaim the 127.2% Fibonacci extension at $0.09613, measured from $0.1998 to $0.1183. The dominant structure remains bearish, with the overhead trendline near $0.1060, which could cap the upside.

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GBP/USD defends 1.3300 after strong UK PMI data

Following Thursday's sharp decline, GBP/USD clings to small gains above 1.3300 in the American session on Friday, supported by the upbeat UK Retail Sales and July PMI data. Nevertheless, the pair's upside remains capped as investors cling to a cautious stance amid a further escalation of tensions in the Middle East. The US July PMI data failed to trigger relevant price action.

EUR/USD remains below 1.1400 after mixed US PMIs

EUR/USD pressures daily lows below the 1.1400 mark in the American session on Friday. Mixed S&P Global PMIs, as manufacturing output contracted while services activity expanded in July, triggered no relevant market reaction. The focus remains in Middle East developments and inflation-related concerns.

Gold holds above $4,050 but momentum still missing

Gold builds on its modest intraday bounce and climbs above the $4,050 level on Friday, hitting a fresh daily high amid a modest US Dollar pullback. The fundamental backdrop, however, warrants some caution before confirming that the pullback from an over two-week high, touched on Wednesday, has run its course and positioning for any meaningful upside.

Ethereum: Derivatives interest in ETH improves, but signs of caution remain

Ethereum is hovering slightly below the $1,900 level, down 3% on Thursday following a slight expansion in derivatives interest. The top altcoin's open interest has increased to 14.60 million ETH, marking a 600K ETH increase over the past two days and its highest level since June 7.

XRP retreats as ETF interest cools

Ripple (XRP) slides toward the short-term $1.10 support on Friday, as broader crypto market sentiment weighs on crypto assets. The sell-off mainly stems from fears of inflation in the United States (US) amid the ongoing war in the Middle East and rising Oil prices.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.