Top cryptocurrencies to watch this week: Pi Network, Cardano, Flare
The crypto sector caught the macro blues, tumbling alongside stocks as President Trump’s tariffs and weak jobs report spooked risk markets.
Bitcoin (BTC) fell from its all-time high of $123,200 in July to $112,000, and the market capitalization of all coins decreased from $4 trillion to $3.3 trillion.
- Pi Network price will be in focus as it crashed to a record low.
- Flare Network will unlock millions of tokens this week.
- Cardano will unveil the schedule for the Glacier airdrop at the Rare Evo event.
Cryptocurrencies and stocks fell as investors adopted a risk-off sentiment following the U.S. announcement of tariffs against top countries and the release of weak nonfarm payroll data.
They dropped even as top American companies, such as Microsoft and Meta, published strong financial results. The top cryptocurrencies to watch this week will be Pi Network 
pi-0.2%Pi Network, Cardano 
ada2.78%Cardano, and Flare 
flr4.71%Flare.
Pi Network
The Pi Network price will be in the spotlight this week after it crashed below the crucial support at $0.4016 and moved to a record low. It has now plunged by over 87% from the highest point this year.
By falling below the support at $0.4016, the token invalidated the highly popular double-bottom pattern. A double-bottom pattern often leads to a strong bullish breakout over time, meaning that the coin may continue plunging this week.
This decline, however, could be a fakeout, which could trigger more gains this week. A fakeout is a situation where an asset moves below a support or above a resistance and then quickly reverses.
Pi Network token chart |
Get to know Trustleak
Trustleak crypto signal is a service which provide profitable crypto and forex signals. Trustleak tried to provide you signals of best crypto channels in the world.
It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.
Trustleak crypto leak service have multiple advantages in comparision with other services:
- Providing signal of +100 best crypto vip channels in the world
- Using high tech bot to forward signals
- Without even a second of delay
- Joining in +160 separated channels on telegram
- 1 month, 3 months , 6 months and yearly plans
- Also we have trial to test our services before you pay for anything
For joining Trustleak and get more information about us only need to follow trustleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features
Join for Free
☟☟☟☟☟
https://t.me/Trustleakbot
Also you can check the list of available vip signal channels in the bot. by pressing Channels button.
Flare
The Flare price crashed from its July high of $0.0279 to a low of $0.0215 on Saturday. It will now be in the spotlight this week as the network unlocks tokens worth over $44.1 million, which are equivalent to 2.85% of the total supply. Flare has now unlocked 77% of its outstanding supply.
While a token unlock is bearish, its price will likely rebound as it has formed a doji candlestick pattern on the daily chart. This pattern has a small body and upper and lower shadows. It implies that an asset opened and closed at the same price, often resulting in a bullish reversal.
Flare price chart |
Cardano
Cardano will be a top cryptocurrency to watch as its developers will host the Rare Evo event in Las Vegas between Aug. 6 and 10. Some of the top speakers will be Charles Hoskinson and Tamara Haasen, the president of Input-Output.
The main catalyst for Cardano in this event will be the revealing of the Glacier airdrop date. This airdrop will enable over 33 million crypto addresses to claim new NIGHT tokens.
Cardano will account for 50% of the tokens, with the remaining 50% allocated to holders of cryptocurrencies such as Bitcoin, Ethereum, BAT, Avalanche, and Solana. As such, there is a likelihood that Cardano price will rebound during and after this event.
