There is a decline in the buying momentum of the Cardano and Pi Network coins in the last few weeks as prices show weakness. The Cardano price has repeatedly failed to regain its previous support level of $0.85. Similarly, the Pi network coin is on the verge of hitting another all-time low after hitting one a few days ago.
While a bearish attack on Cardano and the Pi Network coin continues, investors are already looking to jump the bridge. However, the Remittix token is showing investors that it could be ready for the journey, with price formation tipped for a 5,000% Surge.
Cardano Price Break Support In A New Bearish Formation
The analysis of the Cardano price has been disturbing lately, as the price has shown a new breakout below the 30-day EMA on the daily chart. This formation indicates a drastic decline in buying momentum as sentiment has dropped over the last few days. With the 7EMA support at $0.82 now broken, the sentiment has turned fully bearish with eyes on the 200EMA.
The Cardano price change in momentum is now heading into a full-fledged downtrend. But if the current price is below the 30EMA can recover back above the $0.82 support, we could see Cardano going on a consolidation.
However, further breakdown in buying pressure is projected to keep the price heading down, potentially reaching $0.7440 by the end of September.
Weak Trading Continues On The Pi Network Coin
This week has seen the Pi network price dip further by another low after it continued trading below all known primary support levels. Analysts say the Pi network coin could be heading for a price below 0.1 as the dip gets visible across the time frame. RSI analysis indicates that the Pi network price has flatlined, with an RSI score of 44, suggesting weak momentum on both sides.
The Pi network price has seen a 40% dip in the last 90 days, erasing all earlier bullish sentiments. While eyes turn to the ongoing hackathon and network upgrade for support, technical analysis suggests the coin could remain in a bear trap for an extended period.
Remittix Presale Show Investors 5,000% Breakout Opportunity
The Remittix presale has experienced a steady inflow that has continued to rise over the last few weeks. This has seen the price surpass $23.7 million and continue to rise. However, the latest progress indicates that the Remittix token could soon reach a price milestone of up to 5,000%, with a projected price increase of up to 30x this year and further growth in early 2026.
Factors projected for Remittix growth this year include:
- Rising adoption among retail traders and businesses
- Whale accumulation on wallet launch
- Expansion as a top payment solution
Other factors, such as the announcement from exchanges to list Remittix, are improving its potential as a bullish token. Speculation suggests the coin could be hitting the Binance exchange by early 2026, which could fuel new inflow from market whales. Investors buying the Remittix token at the current $0.1 might be set for a 5,000% profit shot in the coming months.
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Website: https://remittix.io/
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Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
