🚀 Cardano, OKB & Ethereum Price Forecast: Asian Market Wrap August 21 - Bullish Signals Emerge

Crypto markets pivot as Asian trading session delivers unexpected momentum—Cardano breaks resistance while Ethereum whales accumulate.

Technical Breakouts Defy Bearish Sentiment

ADA's smart contract activity spikes 40% in 24 hours, pushing through key psychological barriers. Meanwhile, OKB's exchange token model shows resilience despite broader market skepticism about centralized platforms taking cuts from every trade.

Institutional Flows Fuel ETH Rally

Ethereum's Shanghai upgrade finally paying dividends as staking withdrawals trigger renewed institutional interest. Asian funds allocate record amounts into ETH derivatives—because nothing says 'sound investment' like leveraging volatile assets with borrowed money.

Regulatory Winds Shift Trading Patterns

Japanese FSA's new framework causes arbitrage opportunities across exchanges. Korean retail traders pile into altcoins—again—because apparently 2018's crypto winter was just a fluke.

Market makers manipulate order books while retail traders chase pumps. Some things never change in this beautifully unregulated casino we call crypto finance.

Cardano Price Forecast: ADA rebounds as whale accumulation and positive funding rates boost sentiment

Cardano (ADA) is showing signs of recovery, trading above $0.88 at the time of writing on Thursday after rebounding from key support the previous day. Santiment data shows that a large wallet accumulated ADA tokens during the recent market dips, highlighting renewed investor confidence. Derivatives data further support the recovery case, with funding rates turning positive and suggesting improving sentiment among traders.

Crypto Gainers: OKB leads crypto rally, Conflux and GateToken follow

OKB edges higher by 9% at press time on Thursday, extending the 42% gains from the previous day. The altcoin reached a new all-time high $195, with bulls targeting the $200 milestone. A decisive close above this psychological level WOULD mark the R2 pivot level breakout, which could further extend the rally to the R3 pivot level at $255. 

Ethereum Price Forecast: ETH bounces off $4,100 as whales show resilience

Ethereum (ETH) saw a 5% gain on Wednesday as large-scale holders continued accumulating the altcoin despite increased profit-taking from retailers. After two days of steady declines, ethereum bounced back with gains of over 6% on Wednesday. The rise has sparked an increase in short liquidations, with positions worth over $100 million liquidated over the past 24 hours, per Coinglass data.