Cardano (ADA) is facing renewed pressure, dropping nearly 5% on Wednesday. ADA trading volume has also slipped 19% to $751 million. Despite this pullback, some indicators are beginning to flash early signs of potential trend shifts.

The BBTrend has turned positive for the first time in over a week, hinting at a possible change in momentum, while the DMI shows that ADA may be consolidating after a sharp move.

Cardano BBTrend Is Now Positive, But Still At Low Levels

Cardano’s BBTrend indicator is currently at 2.25, marking its highest reading since March 8. For the past nine days, since March 18, the BBTrend remained negative or hovered near zero, even reaching a low of -2.14 on March 19.

This recent uptick suggests a shift in market behavior, as the indicator moves out of neutral-to-bearish territory and into a more positive trend structure.

While 2.25 isn’t an extreme reading, it does signal that momentum is beginning to tilt in favor of buyers after a prolonged period of indecision or weakness.

The BBTrend, or Bollinger Band Trend indicator, measures the strength and direction of a trend based on price behavior relative to the Bollinger Bands.

Values above zero generally point to bullish conditions, while values below zero suggest bearish sentiment. A reading of 2.25 indicates that price is starting to trend upward with growing volatility expansion—though not yet at strong trend levels, it marks a notable improvement.

If the BBTrend continues to rise, it could support the development of a more sustained uptrend for ADA, especially if accompanied by increased volume and a break above key resistance levels.

ADA DMI Shows The Consolidation Could End Soon

Cardano’s DMI chart shows that the Average Directional Index (ADX) has dropped to 17, a sharp decline from 25.79 just a day earlier. This suggests a significant weakening in trend strength following yesterday’s rapid price surge and subsequent drop.

The ADX is a key component of the DMI system and is used to gauge the strength of a trend—regardless of direction.

Typically, an ADX below 20 signals a lack of strong trend or consolidation, while readings above 25 indicate a more established trend gaining traction.

Alongside the ADX, the +DI (Positive Directional Indicator) and -DI (Negative Directional Indicator) provide insight into the direction of momentum. Currently, +DI has fallen to 19.38 from 26.33, while -DI has surged to 20.36 from 9.

This crossover suggests that sellers are beginning to take control, even as the overall trend weakens.

With both the ADX trending downward and the DI lines crossing in favor of the bears, this suggests a market in consolidation but with increasing downside pressure. Unless momentum shifts again, ADA may struggle to regain upward traction in the short term.

Can Cardano Return To $1 Before April?

Cardano’s DMI lines suggest the asset is undergoing a correction following a failed attempt to break above the key resistance level at $0.77.

This rejection has shifted momentum, and if Cardano’s price continues to drop, the next area to watch is the support around $0.69. Should that level fail to hold, it could trigger further downside movement, potentially pushing ADA down to the $0.64 range.

The DMI’s directional shift supports this short-term bearish view, with sellers gradually gaining strength as buyers lose momentum.

However, if ADA can reclaim its upward momentum, there’s still room for a bullish reversal. A renewed push toward the $0.77 resistance level could bring a breakout scenario back into play.

If that level is breached with strong volume, it could open the door for a rally toward the $1.02 region—taking Cardano above the $1 mark for the first time since early March.

Such a breakout would likely be supported by a bullish crossover in the DMI lines and a strengthening ADX, confirming a new upward trend.

Trump’s ‘Liberation Day’ on April 2 is expected to bring major announcements around tariff policies that could impact the crypto market. XRP stands out after underperforming other major coins, potentially setting up for a sharper move if sentiment shifts.

Dogecoin (DOGE), the leading meme coin, is known for amplifying market reactions and could surge—or tumble—depending on how the market digests the news. RENDER, a top AI coin, could rebound strongly if the event sparks renewed interest in the AI sector, which has been under pressure in recent months.

XRP

XRP has underperformed the broader crypto market over the past week. The altcoin fell 6%, while major assets like Bitcoin, Ethereum, BNB, and Solana have posted slight gains.

This divergence suggests a short-term detachment of XRP from the momentum seen in other top coins, possibly positioning it as an oversold outlier.

With this underperformance, XRP price may be primed for a sharper move—up or down—depending on how market sentiment evolves in the coming days, positioning it as one of the most important altcoins to watch in the next few days.

Much of the crypto market is currently reacting to macroeconomic developments, particularly news surrounding Trump’s tariff policies with the upcoming “Liberation Day” on April 2.

If these headlines translate into a more bullish outlook for the crypto industry, XRP could benefit disproportionately. In that case, XRP may test and potentially break resistance levels at $2.47 and $2.59, paving the way for a push toward $2.74 and even $2.99.

However, if the market turns bearish, XRP could revisit the $2.22 support level. A break below that could accelerate losses down to $1.90.

Dogecoin (DOGE)

Meme coins are known for their bigger price movements compared to major cryptocurrencies. They often surge higher during bullish trends or suffer sharper corrections during downturns.

Dogecoin, the leading meme coin by market cap, is especially sensitive to shifts in market sentiment. It often amplifies broader crypto trends.

If the upcoming “Liberation Day” tariff news sparks a bullish reaction across the crypto space, Dogecoin could capitalize on the momentum, potentially testing resistance levels at $0.22, $0.24, and $0.26.

However, if the broader market responds negatively, meme coins like DOGE are likely to see outsized losses. In that case, DOGE could drop toward the $0.179 support, and if that level breaks, further declines toward $0.16 and even $0.14 would be on the table.

RENDER

Like meme coins, AI coins have shown a tendency to move more aggressively than other sectors. They often experience sharper rallies or steeper corrections.

Over the past few months, many AI coins have been in a strong downtrend. That makes them particularly sensitive to shifts in broader market sentiment.

With the market closely watching the “Liberation Day” developments, a bullish outcome could trigger a strong rebound across AI coins. RENDER—one of the leading names in the space—may be well-positioned to benefit, making it one of the most relevant altcoins to watch before “Liberation Day.”

If positive momentum returns, RENDER could test resistance levels at $4.17 and $4.63.

However, if the announcements fail to inspire confidence in the sector, continued selling pressure could drag RENDER down to test support at $3.42. Further downside is possible toward $2.83 and $2.52 in the event of a broader AI coin correction.

PI has recorded a modest 1% gain in the past 24 hours, mirroring the broader market rally during that period. 

However, despite this short-term uptick, key technical indicators suggest that the token remains under significant bearish pressure, with further losses on the horizon. 

PI’s Buying Pressure Fades as Bearish Signals Dominate

PI’s Chaikin Money Flow (CMF) has maintained a downward trend since March 14, reflecting the weak buying activity among market participants. At press time, the indicator, which tracks how money flows into and out of an asset, is below zero at -0.21. 

When an asset’s CMF declines and falls below zero, it signals weakening buying pressure and increasing selling momentum. It indicates that capital is flowing out of PI as traders intensify profit-taking efforts, exacerbating its price decline.

The sustained drop below zero reinforces this bearish outlook and hints at further price declines as long as PI sellers remain dominant. 

Further, PI’s Awesome Oscillator (AO) has returned a red histogram bar, with its value at -0.60. The indicator tracks short- and long-term moving averages to confirm or deny market trends. It helps traders assess whether bullish or bearish momentum is strengthening or weakening.

When the AO returns a red bar, the current histogram value is lower than the previous one, signaling an increase in bearish pressure.  Traders use this as an early warning to exit long positions or prepare for a possible market reversal.

Multiple red bars are starting to appear consecutively on the PI/USD one-day chart, indicating that the buying strength in its spot markets is fading fast.

PI at Make-or-Break Level—Will It Plunge to $0.62?

PI continues to trade within its descending parallel channel as sellers strengthen their control. At press time, PI trades at $0.85, near the lower trend line of this channel, which forms a key support floor. 

The channel emerges when an asset’s price moves between two downward-sloping parallel trendlines, indicating a sustained bearish trend. If the price is poised to break below the lower trendline, it signals intensified selling pressure and an acceleration of the downtrend, which could lead to further losses.

If PI breaks below this support floor, it would add more downward pressure on its price and could force it to drop to $0.62.

On the other hand, a bullish trend reversal would prevent this. If PI demand soars, its price could rally past $0.90.