Cardano ETF. Photo by BeInCrypto The Cardano price is up nearly 21% over the past seven days and around 7% in the last 24 hours, making it one of the stronger large-cap movers this week. The rally looks healthy at first glance, supported by improving trend signals on the chart. But zooming in shows a more mixed picture. While the broader trend still points higher, momentum indicators suggest the move may be cooling. Instead of a sharp pullback, the data now leans toward a range-bound phase forming before ...

Core Viewpoint - Pi Coin has experienced a 7% drop in the last 24 hours, but its monthly performance remains relatively strong with an 8.7% increase, outperforming Bitcoin and Ethereum [1] Market Performance - The recent decline in Pi Coin's price is part of a broader market pullback, with Bitcoin and Ethereum seeing losses of approximately 21% and 26% respectively over the same period [1] - The price drop was initiated by a bearish crossover on the 12-hour chart, where the 20-period exponential moving average (EMA) fell below the 100-period EMA, indicating short-term downward momentum [1][2] Internal Metrics - The Relative Strength Index (RSI) shows a hidden bullish divergence, indicating potential for upward movement despite the recent price drop [3] - The Chaikin Money Flow (CMF) has increased significantly, suggesting that large investors may be gaining control, which historically correlates with price increases [5] Price Levels and Rebound Potential - For a rebound to be confirmed, Pi Coin needs to close above $0.238, representing a 4% increase from the current price of approximately $0.229 [7] - A successful close above $0.238 could lead to resistance levels at $0.255 and $0.266, with a potential retest of $0.284 if the broader market improves [8] - On the downside, maintaining support around $0.225 and $0.223 is crucial; losing these levels would negate the bullish divergence and shift focus to a demand area near $0.209 [8]

Core Insights - The price of Virtuals Protocol (VIRTUAL) has decreased by 8% in the last 24 hours but remains up nearly 79% over the past week, indicating a potential pause before further upward movement if it maintains above a key support level [1] Accumulation by Mega Whales - Mega whale wallets, comprising the top 100 VIRTUAL addresses, have increased their holdings by 0.06% to 966.01 million tokens, adding approximately 0.58 million VIRTUAL during the recent dip [2] - This accumulation suggests that large holders perceive the current price correction as temporary, while smaller holders are taking profits [3] Market Signals and Trends - The 100-period Exponential Moving Average (EMA) has crossed above the 200-period EMA, indicating a bullish trend in the short term [5] - The Money Flow Index (MFI) is showing signs of upward movement, indicating a return of buying power, particularly from retail traders reacting to whale activity [6] Price Patterns and Projections - VIRTUAL has recently broken out of a flag-and-pole pattern near $1.42, with a projected price target of $3.34, representing a potential gain of 133% from current levels [7] - To confirm renewed strength, the token must close a full 4-hour candle above $1.65, with recent price action showing a higher low while the Relative Strength Index (RSI) made a lower low [8]