Pi Network (PI) Price Targets, Cardano’s (ADA) Defining Moment, and More: Bits Recap Dec 19

The past several days have been quite turbulent for Pi Network’s PI and Cardano’s ADA. In the following lines, we will touch upon their performances and outline some of the future targets (according to analysts).

Ethereum (ETH) will also be in focus, as it appears to be approaching a pivotal moment that may shape its broader trend.

What’s Going on With PI?

The native token of Pi Network spent the past week trying to reclaim the $0.20 mark. The bulls managed to defend that level (at least for now), and the asset is currently trading around $0.205 (per CoinGecko’s data). This represents a minor decrease of 1.5% on a weekly scale, but a staggering 93% crash since the all-time high of $3 witnessed at the start of 2025.

Earlier this week, there was an evident shift of tokens from exchanges towards self-custody methods, which typically reduces the selling pressure and could be interpreted as a bullish sign. As CryptoPotato reported, over 1.2 million coins were taken out of the centralized platforms in just 24 hours.

Meanwhile, the community seems divided regarding the asset’s next potential move. Some argue that PI has turned into a disappointing project and are not optimistic about its future. Others, like X user Web3_Vibes, expect the token to head north after bouncing off the $0.192 support level.

Where Next for ADA?

Over the past week, Cardano’s native cryptocurrency has performed much worse than PI, losing approximately 14% of its value, and is currently worth roughly $0.36.

Analysts like X user Ali Martinez think the asset may tank further in the short term, eyeing a 20% collapse to the $0.29 support zone. However, there are many optimists who envision a substantial resurgence.

X user Marzell, for instance, assumed that ADA has shown early signs of a rebound, with bullish RSI/MACD divergence. He outlined that the valuation remains under the 50- and 100-day MAs, predicting a pump to $0.50 hinges on a decisive breakout from the present price level.

The analyst, using the X moniker Sssebi, also chipped in. They spotted bullish divergence on the price chart, describing it as “the last hope” for ADA.

Crash or Rally for ETH?

The second-largest cryptocurrency witnessed enhanced volatility as of late and, as of this writing, trades just south of the psychological mark of $3,000, or a 9% drop for the past seven days. The X user Colin Talks Crypto claimed the overall downfall could continue in the short term and lead to a potential fall to as low as $2,100.

“ETH will drop as BTC drops, and both short-term charts look horrible. Look at it as an opportunity,” he added.

On the other hand, there are some optimists. X user Ash Crypto told their two million followers that “the local bottom is in or very close,” while Ted forecasted a jump to as high as $3,200 as long as the price doesn’t lose the $2,2700-$2,800 support zone.

The declining supply of ETH on exchanges supports the bullish thesis. Just a few days ago, the amount of assets stored on such platforms dipped to a fresh nine-year low of around 16.2 million, whereas currently it is quite close to that figure.