Pi Network (PI) Price Targets, Cardano’s (ADA) Defining Moment, and More: Bits Recap Dec 19
The previous a number of days have been fairly turbulent for Pi Network’s PI and Cardano’s ADA. In the next traces, we’ll contact upon their performances and define among the future targets (in response to analysts).
Ethereum (ETH) may also be in focus, because it seems to be approaching a pivotal second that will form its broader development.
What’s Going on With PI?
The native token of Pi Network spent the previous week making an attempt to reclaim the $0.20 mark. The bulls managed to defend that degree (not less than for now), and the asset is at the moment buying and selling round $0.205 (per CoinGecko’s knowledge). This represents a minor lower of 1.5% on a weekly scale, however a staggering 93% crash because the all-time high of $3 witnessed at the beginning of 2025.
Earlier this week, there was an evident shift of tokens from exchanges in direction of self-custody strategies, which usually reduces the promoting strain and may very well be interpreted as a bullish signal. As CryptoPotato reported, over 1.2 million cash had been taken out of the centralized platforms in simply 24 hours.
Meanwhile, the group appears divided relating to the asset’s subsequent potential transfer. Some argue that PI has changed into a disappointing mission and will not be optimistic about its future. Others, like X person Web3_Vibes, expect the token to move north after bouncing off the $0.192 assist degree.
Where Next for ADA?
Over the previous week, Cardano’s native cryptocurrency has carried out a lot worse than PI, shedding roughly 14% of its worth, and is at the moment price roughly $0.36.
Analysts like X person Ali Martinez think the asset might tank additional within the quick time period, eyeing a 20% collapse to the $0.29 assist zone. However, there are numerous optimists who envision a considerable resurgence.
X person Marzell, for example, assumed that ADA has proven early indicators of a rebound, with bullish RSI/MACD divergence. He outlined that the valuation stays beneath the 50- and 100-day MAs, predicting a pump to $0.50 hinges on a decisive breakout from the current worth degree.
The analyst, utilizing the X moniker Sssebi, additionally chipped in. They spotted bullish divergence on the worth chart, describing it as “the final hope” for ADA.
Crash or Rally for ETH?
The second-largest cryptocurrency witnessed enhanced volatility as of late and, as of this writing, trades simply south of the psychological mark of $3,000, or a 9% drop for the previous seven days. The X person Colin Talks Crypto claimed the general downfall may proceed within the quick time period and result in a possible fall to as little as $2,100.
“ETH will drop as BTC drops, and each short-term charts look horrible. Look at it as a chance,” he added.
On the opposite hand, there are some optimists. X person Ash Crypto told their two million followers that “the native backside is in or very shut,” whereas Ted forecasted a bounce to as high as $3,200 so long as the worth doesn’t lose the $2,2700-$2,800 assist zone.
The declining provide of ETH on exchanges helps the bullish thesis. Just a couple of days in the past, the quantity of property saved on such platforms dipped to a recent nine-year low of round 16.2 million, whereas at the moment it’s fairly near that determine.
(*19*)ETH Supply on Exchanges, Source: CryptoQuant
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