Cardano, Pi Network & Bitcoin – Asian Wrap 28 August

Paxful
Bybit


Cardano (ADA) edges below $0.220 at the time of writing on Friday after losing over 7% so far this week. Despite the recent weakness, on-chain data shows that some whale wallets are using the pullback to accumulate ADA tokens. Meanwhile, mixed on-chain and derivatives metrics point to a cautious outlook as traders assess whether the recent decline could extend further.

Pi Network (PI) price hovers above $0.0900 on Friday, sustaining the mild 3% gains recorded over the last two days. Pi Core Team announced the launch of new SoloHost apps, OpenClaw and Atlassian MCP Server, on Thursday, in hopes of expanding the Pi ecosystem. PI token must reclaim the $0.1000 psychological threshold for a sustained recovery.

Bitcoin trades at $80,403 on Friday, keeping a clear bullish bias as price holds well above the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) clustered between roughly $68,400 and $72,100. The strong advance has pushed the Relative Strength Index (RSI) into overbought territory near 82. At the same time, the Moving Average Convergence Divergence (MACD) indicator remains positive but is easing from recent extremes, suggesting upside momentum is still dominant but becoming stretched.



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