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Pi Network (PI) declines 10% over the week, bears targeting historical minimum
Pi Network has experienced a significant decline in double-digit percentages over the past week, even as the broader crypto market shows signs of recovery. The market capitalization of the altcoin has fallen to $4.1 billion as PI continues to face intense selling pressure.
With the strengthening of bearish pressure, the token may soon reach its historical minimum of around $0.40 again.
With the strengthening of bearish pressure, the token may soon reach its historical minimum of around $0.40 again.
🌟𝐂𝐚𝐫𝐝𝐚𝐧𝐨 (𝐀𝐃𝐀) 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐁𝐫𝐞𝐚𝐤𝐨𝐮𝐭 𝐀𝐦𝐢𝐝𝐬𝐭 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐖𝐡𝐚𝐥𝐞 𝐀𝐜𝐜𝐮𝐦𝐮𝐥𝐚𝐭𝐢𝐨𝐧 🔥🔥🔥
$ADA
Recent blockchain data highlights a surge in whale activity around Cardano (#ADA ), signaling renewed confidence in the token's potential. Over the past 48 hours, prominent investors have acquired nearly 100 million ADA, coinciding with a broader market rebound. This strategic buying pushed ADA’s price from $0.998 to $1.11, fueling optimism for a sustained rally.
Technical analysis reveals ADA is currently trading within a bullish pennant pattern on the 4-hour chart, suggesting a potential breakout toward the $1.50 mark if momentum persists. The token’s resilience was evident in its recovery from a recent low of $0.87, which now serves as a strong support level. Meanwhile, the #ChaikinMoney Flow (CMF) index remains near the neutral zone, indicating a balanced interplay of buying and selling pressures, further supporting ADA’s steady upward trajectory.
Transaction activity within the Cardano network has seen fluctuations, with large-scale transactions peaking at 5.62k in early December before dropping to 4.17k recently. While this decline reflects a cooling period, the ongoing whale accumulation underscores a calculated approach to increasing positions. The $1.10 resistance level remains a key hurdle, and a decisive breach could pave the way for ADA to target $1.50.
Overall, #Cardano ’s price action appears stable, supported by robust liquidity and strategic accumulation by major holders. As the market consolidates, the next 24-48 hours will be critical in determining whether ADA can capitalize on its bullish formation and achieve higher milestones.
#CardanoSurge #CardanoADA $ADA
$ADA
Recent blockchain data highlights a surge in whale activity around Cardano (#ADA ), signaling renewed confidence in the token's potential. Over the past 48 hours, prominent investors have acquired nearly 100 million ADA, coinciding with a broader market rebound. This strategic buying pushed ADA’s price from $0.998 to $1.11, fueling optimism for a sustained rally.
Technical analysis reveals ADA is currently trading within a bullish pennant pattern on the 4-hour chart, suggesting a potential breakout toward the $1.50 mark if momentum persists. The token’s resilience was evident in its recovery from a recent low of $0.87, which now serves as a strong support level. Meanwhile, the #ChaikinMoney Flow (CMF) index remains near the neutral zone, indicating a balanced interplay of buying and selling pressures, further supporting ADA’s steady upward trajectory.
Transaction activity within the Cardano network has seen fluctuations, with large-scale transactions peaking at 5.62k in early December before dropping to 4.17k recently. While this decline reflects a cooling period, the ongoing whale accumulation underscores a calculated approach to increasing positions. The $1.10 resistance level remains a key hurdle, and a decisive breach could pave the way for ADA to target $1.50.
Overall, #Cardano ’s price action appears stable, supported by robust liquidity and strategic accumulation by major holders. As the market consolidates, the next 24-48 hours will be critical in determining whether ADA can capitalize on its bullish formation and achieve higher milestones.
#CardanoSurge #CardanoADA $ADA
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