Crypto Prices Stabilize: Cardano Hits Pause, Pi Struggles Below Key Threshold

Cardano's price rally has paused as profit taking kicks in, causing ADA to trade below $0.220 on Monday after surging 29% in the previous week.

The on-chain and derivatives data have turned slightly bearish, indicating that traders are taking profits following ADA's massive gains.

Although technically the outlook remains bullish, momentum indicators suggest that further upside is becoming increasingly stretched, raising the risk of a pause or consolidation ahead.

Pi Network's price has struggled to break above $0.10 despite the recent upgrade to Protocol 27 on Pi Testnet, which introduced new smart contract authentication capabilities.

The technical outlook for PI remains mixed as the price lacks momentum and is capped below $0.1000.

Bitcoin maintains a strong bullish near-term bias as its price holds well above both the 50-day Exponential Moving Average (EMA) at $66,769 and the 200-day EMA at $72,636.