The buying activity surrounding Cardano and Pi Network coins has notably diminished in recent weeks, revealing signs of weakness in their respective prices. Cardano has struggled to reclaim its previous support level of $0.85, while the Pi Network coin is teetering on the brink of another all-time low, having just recorded one recently. As bearish trends persist for both cryptocurrencies, investors are increasingly looking for alternatives. In contrast, the Remittix token is generating interest among investors, as it appears poised for a remarkable price increase, potentially reaching a surge of 5,000%.
Cardano Experiences Price Drop with Bearish Trend
Recent analyses of Cardano’s price movements have raised concerns, particularly as the cryptocurrency has broken below the 30-day Exponential Moving Average (EMA) on its daily chart. This downward movement reflects a significant decline in buying interest, with market sentiment deteriorating over recent days. Following the breach of the 7EMA support at $0.82, the outlook for Cardano has turned distinctly bearish, with traders now focusing on the 200EMA. This shift indicates that Cardano is entering a pronounced downtrend. However, should the price manage to recover above the $0.82 support level, there may be a chance for consolidation. Conversely, continued weakness in buying pressure could drive the price down to approximately $0.7440 by the end of September.
Pi Network Coin Faces Ongoing Weakness
This week, the price of the Pi Network coin has declined further, remaining below all significant support levels. Analysts predict that the coin may drop below the $0.1 mark, as this downward trend becomes increasingly evident over various time frames. The Relative Strength Index (RSI) analysis suggests a stagnation in momentum, with an RSI score of 44 indicating weakness on both the buying and selling fronts. Over the past 90 days, the Pi Network coin has experienced a 40% decline, effectively erasing previous bullish sentiments. As attention shifts to an ongoing hackathon and potential network upgrades for support, technical assessments indicate that the coin may be trapped in a bearish cycle for an extended duration.
Remittix Presale Offers Investors a Potential 5,000% Surge
The presale of Remittix has been marked by a steady influx of investment, accumulating over $23.7 million in recent weeks. Current indicators suggest that the Remittix token could achieve a staggering 5,000% price increase, with projections indicating a potential 30-fold rise within this year and continued growth into early 2026. Factors that may contribute to Remittix’s growth include: increased adoption by retail traders and businesses, accumulation by market whales upon wallet launch, and its expansion as a leading payment solution. Additionally, announcements regarding listings on cryptocurrency exchanges are enhancing its appeal as a bullish asset. There is speculation that Remittix might be listed on the Binance exchange by early 2026, which could attract significant investments from market whales. Investors purchasing Remittix tokens at the current price of $0.1 could be positioned for substantial gains in the months ahead.
