Cardano, SHIB & Bitcoin – Asian Wrap 10 August

Coinmama
Blockonomics


Cardano (ADA) trades above $0.196 at the start of the week on Monday after posting double-digit gains over the past two weeks. ADA’s bullish price action is supported by steady whale accumulation. Meanwhile, derivatives sentiment is showing a slight bullish tilt, suggesting a second leg higher for ADA.

Shiba Inu (SHIB) price edges higher on Monday, bouncing off a key support level near $0.00000462. The meme coin shows early signs of renewed whale support, while retail demand holds firm, with rising Open Interest and funding rates. The technical outlook for SHIB indicates a mild bullish bias, supported by the intraday recovery.

Bitcoin price trades at $64,973 on Monday, holding above the 50-day Exponential Moving Average (EMA) at $64,693 but still capped by the 100-day EMA at $66,870 and the distant 200-day EMA at $72,245. This configuration suggests a neutral to mildly constructive near-term tone, with price supported by the short-term trend while the broader structure remains below key medium- and long-term averages.



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