$API3 reflects a phase of consolidation after a period of heightened volatility and price fluctuations. The asset saw a sharp rise earlier, with a significant surge in buying interest, which pushed prices to a higher level. However, after reaching these highs, the momentum appears to have cooled off, leading to a phase where the price is moving within a relatively narrow range. This sideways movement typically indicates that both buyers and sellers are taking a step back, waiting for a clearer signal before deciding on the next course of action.

In such scenarios, consolidation can often precede a breakout. This buildup of energy could result in a decisive movement either upward or downward. At the moment, the overall market seems to be experiencing a balance, with neither buyers nor sellers taking full control. The recent dip in momentum suggests that while the selling pressure has diminished, the buyers haven’t yet come forward strongly enough to push the price upward significantly.

Additionally, the indicators suggest that trading volumes have slowed down, which further supports the idea that the market is in a wait-and-see mode. As we’ve seen earlier, when assets like this stabilize after a volatile phase, the next significant move could either be a rally back towards previous highs or a breakdown to lower levels. Traders should monitor this closely as any increase in buying activity could spark a breakout, while sustained lack of momentum could indicate the start of a bearish phase.

Overall, the current sentiment reflects indecision, but the setup indicates that a major move could be on the horizon depending on which side of the market takes control. This is a critical point where further buying interest could turn things bullish, while a lack of movement could open the door to further downside pressure.

$ARPA is currently showing signs of short-term weakness, with its price hovering near a lower boundary, which suggests the asset might be undervalued at the moment. There has been a noticeable slowdown in downward momentum, indicating that sellers may be losing strength. This could hint at a potential turnaround soon if buyers step in. Additionally, the asset is approaching a level that typically signals it might be oversold, meaning a rebound could be on the horizon.

The overall trend seems to lack strong conviction, meaning that while there has been a downward move, it doesn’t appear to have the support needed to sustain itself for much longer. If buying pressure increases from this point, we could see the price move back up. This could present a strategic entry point for those looking for a recovery play, but it’s essential to keep an eye on any changes in momentum that might indicate a shift in direction.

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Cardano Will Surpass Bitcoin and Ethereum:
Cardano founder Charles Hoskinson is quite confident of what the Layer-1 blockchain network can achieve in a few years. He recently stated that the Cardano network will see the achievements of Bitcoin network in the next 10 years.

Cardano's strategic future vision
During the much-anticipated fourth annual Cardano Summit 2024 community event in Buenos Aires, Argentina, Hoskinson acknowledged the milestones Cardano has recorded in seven years.
These include scaling to an 11-figure network, gathering millions of users and becoming the largest research group in the world.
Looking forward to the future, Hoskinson noted that Cardano will be larger than both Ethereum and Bitcoin in another decade.

Furthermore, he foresees major governments running on the Cardano network infrastructure. These increased use cases and functionalities will hinge on these entities' trust in the network.
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$EIGEN based on the technical analysis, the price breaking below the lower Bollinger Band, RSI dropping under 30, the MACD line crossing the signal line, and OBV making a strong attempt for an uptrend all suggest a potential bullish trend?!

Interesting...
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$CATI based on the technical analysis as the price hovers around mean line and the RSI holding around 50, which can be a possible indication of market consolidation or a sideways movement?!

$MEME downtrend and price flipping below the supertrend, good amount of sell volume and downtrend of on-balance volume could possibly indicate continuous decline in price or sideways movement?!

$TURBO Based on the technical analysis price breaking the lower bollinger band, week trend hold that can be seen on ADX and declining trend on the own balance volume could possibly indicate price trend reversal?!