In this never-ending topic and heated crypto world, even a week of fluctuations is enough to stir the hearts of thousands.
As July's end approaches, the entire market seems to have pressed the "accelerate" button—some public chains ignite hopes for a new round of increases, while some altcoins suffer from "insider" attacks, struggling to turn the tide at the edge of the floor, and even some "new noble chains" forcibly take the throne!
Don't go away; this is a grand on-chain drama covering #ADA , #pengu , #pi , and #Base , not only with detailed technical analysis but also covering market sentiment, on-chain data, and trend predictions. It's definitely a crypto news summary you cannot miss! 📊📈.
1. Are ADA bulls preparing to take off? $0.80 has become the key battle line.
This round of the market's small spring began with the "counterattack" of the veteran ADA.
After previously pulling back to the $0.7280 support area, ADA shows strong rebound signs. On the hourly chart, ADA/USD has successfully broken through the key upward trend line (resistance at $0.7710) and is starting to challenge the $0.80 round figure. Although the price is still slightly below the 100-hour simple moving average, bullish sentiment in the market has begun to coalesce.
Technical Highlights:
MACD has turned to the bullish zone;
RSI has returned above 50, with buying pressure gradually increasing;
It has broken through the 23.6% Fibonacci retracement level of the downward trend, with the next target aiming for $0.8080;
If it closes steadily above $0.80, we may see a strong surge towards $0.88 or even $0.92 in the short term.
But don't celebrate too early! If ADA faces resistance again at $0.80 and retraces to $0.7520 or $0.7280, or even tests the $0.70 area, the bears will make their appearance once again.
Therefore, ADA is currently a standard "critical turning point market"—whether it soars or meets its Waterloo depends on the volume and sentiment amplification in the next few days.
2. PENGU's internal wallets continue to sell off, is there bad news looming or has the washout been completed?
High growth brings high volatility—this old saying is once again confirmed by PENGU.
This emerging meme token increased by 133% in July but has recently faced continuous corrections, with the current price falling to $0.03572, a weekly drop of 17%. More worrying is that on-chain data shows multiple addresses associated with deployment wallets are continuously transferring tokens to exchanges, raising speculation about the "project team's cashing out."
🔍 On-chain Trends Overview:
On July 30, 150 million tokens (approximately $5.64 million) transferred to Binance in a single day.
Since early July, nearly 485 million PENGU tokens have been transferred in, amounting to over $17.67 million.
In just one day on July 28, tokens worth $8.91 million were transferred out!
Between July 12 and July 28, over 2 billion tokens (total value of $66.6 million) were transferred from the PENGU deployment address to centralized exchanges.
🎯 Despite poor external perceptions, on-chain trading activity remains high.
Spot daily trading volume increased by 34%, reaching $943 million.
Derivatives trading volume increased by 27%, reaching $2.76 billion.
But the open interest has decreased by 1.76%, indicating that short-term sentiment remains cautious.
📈 Technical Analysis Dispatch:
RSI has fallen from overbought to 57.6, and MACD has also shown a death cross signal.
If the price falls below $0.035, the next support will be around $0.030.
If it rebounds, it needs to stay above $0.038 to ignite a new round of bullish sentiment.
⚖️ Conclusion: Chips are changing hands; whether it is a major player's washout still needs to be observed, but there are high-risk, high-reward opportunities in the short term.
3. Pi Network reaches a critical line of life and death, rebound or crash again?
If PENGU is a "high-altitude fall", then Pi Network can be seen as a meteor crashing from the sky.
Once a dark horse, this controversial yet continually discussed token, Pi Network (PI), is currently facing severe trials—after a 190% surge in May, the token has retraced almost all of its gains, currently plunging 75% from $1.67 to $0.40, a retracement of up to 75%. Interestingly, $0.40 has historically served as a "turning point" multiple times; will it work again?
📊 Technical Indicators: The hope for a rebound still exists, but risks remain.
Supertrend Indicator:
Still in a strong "sell" state. This signal has not turned green in the past two months, indicating that there has not yet been a clear sign of a trend reversal.
RSI (Relative Strength Index):
Currently approaching the oversold area, which usually means the pressure from shorts is gradually weakening.
If the RSI rebounds to the neutral area, it may indicate the starting point for a reversal.
Fibonacci Retracement Levels:
The potential targets for recent rebounds are $0.67 (first resistance level) and the round figure of $1.
If PI rebounds to these two positions, it means there is an upward potential of 60% and 150%, respectively.
⚠️ Warning: If it loses the "last fortress" at $0.40, it will likely plummet to the low support area of $0.09, which could be near the starting point for the market at the end of 2024. This will be a true test for project believers and airdrop supporters.
📉 Social heat is declining: it's not just the charts that are cold, but the community is quiet too...
According to Santiment data, since the surge in May, PI's social discussions, attention, and keyword heat across major platforms have shown continuous decline.
In mid-July, attempts to break the downtrend failed to generate effective dissemination and resonance.
The weighted market sentiment has mostly been in negative territory over the past 60 days, indicating that participants lack confidence in price increases.
The community atmosphere has clearly shifted from "wait-and-see" to "weakness", which puts pressure on short-term trends.
🔍 Derivatives Market: Interest is lukewarm, short-term momentum is insufficient.
According to Coinalyze data:
PI's open interest has continued to decline since the end of May, dropping from a peak of $17 million to below $12 million currently.
The funding rate has long remained neutral or slightly negative, indicating that bulls have not initiated a sustained attack.
Overall leveraged funds show clear signs of "exiting", with weak capital momentum.
🧠 In simple terms: Most short-term speculators have exited the battlefield, and a real rebound must rely on the natural inflow of spot funds.
📢 Summary:
Once upon a time, Pi Network was endowed with the expectation of a "blockchain revolution for everyone". Tens of millions of users mined tokens through their phones, fantasizing about the day when PI would launch and its value would skyrocket. Now, it seems that this dream has not completely shattered, but it is indeed undergoing the darkest trial period.
If Pi can withstand this round of cold waves and reawaken faith and funds, it may once again become a market miracle; but if it can't even hold the "bottom line" of $0.40, then be prepared for a longer period of freezing.
For high-risk enthusiasts, this may be the ideal scenario for a "buy low and reverse gamble."
4. Will Base overtake Solana? Coinbase quietly disrupts the on-chain landscape.
In the crypto world, the topic of "which is the strongest public chain" is never-ending. Recently, Solana's "long-term dominance" was finally broken—Base, the Layer 2 network supported by Coinbase, is taking over the token issuance market at an astonishing speed, especially in the memecoin and social token sectors, positioning Base as the new generation "token minting factory" 💣.
🧨 Historic Turning Point: Base breaks Solana's two-year dominance.
Around July 26, a quiet change occurred on-chain: the daily number of new tokens issued on Base exceeded that of Solana for the first time. Once this situation opened up, it has not looked back, completely overturning the past two years of "Solana's dominance."
In the past, platforms like Solana's Pump.fun and LetsBonk produced community tokens and meme tokens at a very high issuance frequency. But now, everything has been taken over by Base's Zora Coins platform. Data shows:
⚙️ Zora Coins issues more than 60,000 tokens daily, peaking close to 80,000, far exceeding similar platforms on Solana!
From the data platform charts, since June 29, Base has gradually established its dominance in token issuance. Tools like Zora and Moonshot have rapidly grown, indicating that Base is deeply integrating these token generation tools, and in a sense, "all tokens are moving to the Base chain."
🚀 Why is Base rising?
We can't help but ask, why Base?
The answer is actually simple, yet deadly—it is both cheap, fast, and easy to use. Base is an Ethereum-based Layer 2 Rollup network, with the following characteristics:
🔐 Inheriting Ethereum's security: It is not a "new chain" but an extension of Ethereum. This means developers can rest assured about security.
⛽️ Lower gas fees: Compared to Solana or native Ethereum, Base's gas costs are significantly lower, making it suitable for high-frequency, fragmented memecoin activities.
⚙️ Fully EVM compatible: Extremely friendly to Solidity and MetaMask users, with almost no barriers in the development and deployment process.
🧲 Coinbase Endorsement: As the largest compliant exchange in the U.S., Base has a natural traffic entry and brand trust.
🎨 Ecological tools are complete: A series of localized "token issuance toolboxes" like Zora and Moonshot have formed a virtuous closed loop, supporting one-click token generation, launches, promotions, and a complete set of operations.
🤺 Solana's resilience is still there, but the direction is changing.
Of course, Solana isn't to be underestimated, especially in terms of original TPS performance, which remains far ahead. Data shows Solana's on-chain processing speed still exceeds 4000 transactions per second (TPS), maintaining its dominance in areas like DeFi, NFT, and blockchain games that demand high-frequency interactions.
But the issuance of tokens is increasingly not about competing on TPS, but about issuing quickly, playing smoothly, and having an active community. In ecosystems like memecoins and social tokens, low barriers + toolchains + social activity are the hard currencies, and this is exactly what Base excels at.
The widespread use of Zora and Moonshot also signifies that builders are no longer just tech geeks, but meme creators, KOLs, and community managers who need a "foolproof token issuance system"—Base perfectly meets this demand.
⚙️ Summary: The rise of Base is not just a chain competition, but a victory of a new paradigm.
Looking back at this wave of Base's counterattack, it's not just about how advanced its technology is, but how it has caught the rhythm of the times.
When Meme + social + culture + community begins to dominate issuance logic, technology takes a backseat;
When "anyone can issue tokens" becomes the new trend, it's all about who can give creators more freedom.
When token issuance becomes "part of content creation", Base becomes the TikTok of the crypto world.
Solana hasn't lost; it has just temporarily been surpassed by the more grounded Base in the "traffic play". But just as Bitcoin and Ethereum never replace each other, this battle of "Base vs Solana" may just be a new stage in the diversification evolution of public chains. 🌐
Final Easter Egg Summary 🎁: What should you do?
From Cardano exploring new heights to PENGU whales smashing prices causing chain reactions; from Pi seeking breathing room at the floor's edge to Base fighting to god-like status with a new chain... these four stories reflect the most authentic state of the crypto world: opportunities, risks, desires, and speed, dancing in a sleepless market.
📊 Currently, market direction is gradually clarifying, with the main logic shifting from "Bitcoin leading" to "altcoins taking the relay + on-chain heat."
🤖 To seize the opportunity, you can:
Focus on ADA's pullback confirmation opportunity; standing firm at $0.80 can be used for medium-term allocation.
Maintain a cautiously optimistic view on PENGU, observing whether it constitutes a "panic washout"; if reversal signals appear, there may be high-yield opportunities.
Engage in speculative layouts on Pi Network, suitable for small positions to bet on rebounds.
Deeply research potential projects on Base; the next wave of explosions may be among Zora and Moonshot!
🧭 Whether you are following trends or picking up bargains, the second half of 2025 may be a "low-position golden period" that changes your fate.
Don't let emotions limit your vision, and don't let greed obscure risks. Seek victory while maintaining stability to laugh until the end! 😉
The crypto world changes rapidly, with opportunities and risks coexisting. Learn to enter and exit strategically, protect your capital, and you can steadily move forward, reaping wealth and growth.
Remember to DYOR, manage risk well, and wish everyone smooth sailing in the crypto world! 🌊
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