Whales Double Down On New AI Coin as Indicators Suggest Pullback In Cardano and Dogecoin Prices

Is the recent surge in ADA and Dogecoin prices nearing its end, and what retracement levels can we expect? After a remarkable 50% gain in the past month, Cardano (ADA) appears poised for a significant reversal, a trend that could also impact Dogecoin. Meanwhile, significant investors are increasingly focusing on Unilabs Finance's UNIL token, an innovative AI-driven cryptocurrency gaining recognition as a promising DeFi investment.

Unilabs Finance (UNIL) aims to revolutionize access to alpha by leveraging artificial intelligence in decentralized finance. Its AI-enhanced portfolio management and commitment to diversified exposure across emerging sectors like Real World Assets (RWA), Artificial Intelligence (AI), and Decentralized Physical Infrastructure Networks (DePIN) position it as a strong contender in the blockchain arena.

Cardano Price: How Deep Will the Retracement Be?

ADA, the native token of the smart contract platform with over $350 million in Total Value Locked (TVL), has experienced a substantial 50% price increase in the last 30 days, exceeding $0.80. Currently, Cardano's market capitalization stands at over $29 billion, accompanied by a 15% surge in 24-hour trading volume, reaching $1 billion.

The increase in the Cardano price has coincided with a rise in user transaction fees, climbing by 12% in the past month to $270,000. This growth signals increasing adoption; however, on-chain metrics suggest that ADA may be due for a considerable pullback in the near future.

Technical analysis, utilizing the MACD Level (12, 26) on TradingView, indicates a potential decline in the Cardano price. Furthermore, ADA is trading below the 10-day Simple Moving Average (SMA) of $0.84. A break below the $0.80 support level could drive the Cardano price down towards $0.75, potentially shifting investor interest towards other promising altcoins.

Dogecoin Price: A Key Support Level in Jeopardy?

Memecoins have been a dominant narrative in recent weeks, exemplified by the 50% surge in the Dogecoin price. Fueled by both whale and retail interest, the dog-themed cryptocurrency reached a 30-day high of $0.28, pushing its market capitalization beyond $36 billion.

However, the initial excitement seems to be waning as the Dogecoin price has already fallen by 10% in the past week. This downward trend may continue. Similar to ADA, Dogecoin is currently trading below its 10-day SMA, and MACD indicators suggest a further dip, potentially below $0.20. This decline could prompt investors to seek out alternative DeFi coins with greater potential.

According to crypto analyst ComChaselover, the current momentum is neutral. Strong Dogecoin volume suggests "potential movement in either direction." A push above $0.24 could propel Dogecoin to new short-term highs, while a further decline below $0.23 may lead to a retest of lower support levels.

Unilabs Finance (UNIL) – Why Whales See Potential

Unilabs Finance (UNIL) represents a new paradigm in the crypto space, combining elements of DeFi and traditional finance (TradFi). At its core lies a sophisticated AI engine designed to help users analyze a wide array of blockchain projects across emerging sectors like AI, DePIN, and RWA.

As the first decentralized asset management platform powered by artificial intelligence, Unilabs Finance has attracted significant whale interest in its UNIL token. Currently in its fourth ICO stage, the token is priced at $0.0074, contributing to over $7 million in funding raised in record time. Early investors benefit from perks such as periodic airdrops, staking rewards, and governance rights.

Unilabs (UNIL) is drawing comparisons to Render, a protocol with over a $2.2 billion market cap, due to its AI integration. The combination of token holder voting rights and the redistribution of 30% of platform-generated fees is expected to attract a growing user base. Furthermore, UNIL's AI-powered portfolio management offers real-time performance tracking, aiding in optimizing returns and mitigating risks.

Final Thoughts

The potential pullback in the Cardano and Dogecoin prices is driving investor interest in the UNIL token and its ongoing presale. As a relatively new cryptocurrency, UNIL is not only significantly undervalued but also possesses considerable growth potential, positioning it as a promising DeFi investment.