This week’s three Crypto Assets to follow: Pi Network, Cardano, Flare

Affected by the tariffs imposed by the Trump administration and the weak non-farm employment data in the U.S., the crypto market and stock market experienced a big dump simultaneously, with risk assets facing dumping. Bitcoin ( BTC ) fell from its historical high of $123,200 in July to $112,000, and the total market capitalization of global Crypto Assets shrank from $4 trillion to $3.3 trillion. Despite strong earnings reports from tech giants like Microsoft and Meta, market risk aversion still dominates. This week, key focus coins include: Pi Network (historical low), Flare (unlocking $44.1 million Token), Cardano (Rare Evo conference reveals Glacier Airdrop date).

Macroeconomic bearish factors heavily impact risk assets, crypto market capitalization evaporates $700 billion The crypto market and stock market both fell, mainly due to the United States announcing increased tariffs on multiple countries and weak non-farm employment data triggering investors' risk-off sentiment. Bitcoin dropped from the historical high of $123,200 reached in July to $112,000, and the total market capitalization of global crypto assets shrank significantly by $700 billion, from $4 trillion to $3.3 trillion. This decline occurred against the backdrop of strong earnings reports from top U.S. companies such as Microsoft (Microsoft) and Meta, highlighting the suppressive force of macro concerns on the market.

Pi Network: Breaks Key Support to Create New Historical Low, Double Bottom Pattern Fails The price of Pi Network (PI) has become the focus this week due to its big dump below the key support level of $0.4016, setting a new historical low. Currently, the price has fallen by over 87% from this year's peak.

(Pi Network Token Chart | Source: TradingView)

Technical Warning: The support level of $0.4016 has been broken, causing the double-bottom pattern that the market was highly focused on to be declared invalid. This pattern typically indicates a strong bullish breakout, and its failure suggests that the token may continue to decline this week. Potential Turnaround: This drop may also be a "fakeout," where the price briefly breaks below support and then quickly reverses. If a fakeout occurs, it may trigger a price rebound this week.

Flare: Facing a massive $44.1 million Token unlock, daily chart shows a bullish doji star

(Flare price chart | Source: TradingView) The price of Flare (FLR) has fallen from a July high of $0.0279 to a low of $0.0215 on Saturday. This week, it will see a token unlock worth $44.1 million, accounting for 2.85% of the total supply. So far, Flare has unlocked 77% of its circulating supply.

Unlocking Pressure and Turning Point: Although token unlocks are usually seen as bearish events, their daily chart has formed a doji candlestick pattern (small body, long upper and lower shadows), suggesting that the opening price is close to the closing price, often indicating a potential bullish reversal.

Cardano: The Rare Evo Conference is approaching, and the Glacier Airdrop date will be revealed Cardano (ADA) has become the focus of attention this week as its developers will hold the Rare Evo industry conference in Las Vegas from August 6 to 10. Key speakers include founder Charles Hoskinson and Input Output President Tamara Haasen.

Core Catalyst: The highly anticipated Midnight Glacier Airdrop will reveal the specific date during the conference. This airdrop will allow over 33 million crypto addresses to claim the new NIGHT Token. Distribution Rules: Holders of Cardano (ADA) will receive 50% of the Airdrop Tokens, while the remaining 50% will be allocated to holders of Bitcoin (BTC), Ethereum (ETH), Basic Attention Token (BAT), Avalanche (AVAX) and Solana (SOL), among other mainstream Crypto Assets. Driven by this expectation, the probability of ADA price rebounding is relatively high during and after the conference.

Conclusion: Macroeconomic policy uncertainty (tariffs, employment data) will continue to dominate crypto market sentiment in the short term, triggering safe-haven fund flows. After the technical breakdown of Pi Network, further downward risks should be watched, but attention should be paid to the rebound opportunities that a "false breakdown" might bring; the huge unlocking of Flare, although creating supply pressure, brings a glimmer of hope for bulls with the daily Doji pattern; the announcement of the Rare Evo conference and Glacier Airdrop date for Cardano becomes the most clear bullish event-driven news this week. Investors should closely monitor macro data trends (especially signals from the Federal Reserve) and the key event progress of the three major coins mentioned above, seizing trading opportunities amidst potential volatility.