Cardano, SHIB, and Bitcoin Prices See Mixed Signals in Asian Markets
Cardano (ADA) continued its upward momentum on Monday, trading above $0.196 after posting double-digit gains over the past two weeks.
The bullish price action for ADA is supported by steady whale accumulation, and derivatives sentiment shows a slight bullish tilt, suggesting a second leg higher for the cryptocurrency.
Shiba Inu (SHIB) also bounced back on Monday, recovering from a key support level near $0.00000462 after showing early signs of renewed whale support and firm retail demand.
The technical outlook for SHIB indicates a mild bullish bias, supported by its intraday recovery.
Bitcoin price, meanwhile, held above the 50-day Exponential Moving Average (EMA) at $64,693 but remains capped by the 100-day EMA at $66,870 and the distant 200-day EMA at $72,245, suggesting a neutral to mildly constructive near-term tone.