PAAL AI (PAAL), a Telegram-based cryptocurrency built on the Ethereum blockchain, has experienced a 10% price decline within 24 hours, currently trading at $0.19. This reflects a 77.5% drop from its March all-time high.
Key Factors Behind PAAL AI’s Price Drop
1. Crypto Whales Drive Selling Pressure
- Large holders (whales) significantly reduced their PAAL holdings, with a 72% decline in netflow over the past week.
- Whale activity often dictates market trends; sustained sell-offs typically lead to further price depreciation.
- Data from IntoTheBlock confirms this trend has persisted for 30–90 days.
👉 How whale movements impact crypto markets
2. Declining Network Growth
- Santiment data reveals a drop in new addresses interacting with PAAL AI, signaling reduced adoption.
- Fewer new users suggest waning demand, potentially prolonging the downtrend.
PAAL AI Price Prediction: Bearish Signals Dominate
Technical Indicators
- Rounding Top Pattern: PAAL’s chart shows this bearish formation, with a confirmed breakout below the $0.1965 neckline.
- Bull Bear Power (BBP): Negative values indicate bearish control, targeting $0.1724** (support level). A breakdown could push prices to **$0.1499.
Potential Reversal Triggers
- A price recovery hinges on whale accumulation and increased spot-market buying volume.
- If bullish momentum returns, PAAL could retest $0.2037**, with a breakout possibly reaching **$0.2462.
FAQs
Q: Why did PAAL AI’s price drop?
A: The decline stems from whale sell-offs and reduced network growth, lowering demand.
Q: What’s the next support level for PAAL?
A: $0.1724** is the critical support; a breach may lead to **$0.1499.
Q: Can PAAL AI recover?
A: Yes, if whales resume buying and network activity improves.
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Disclaimer: This analysis is for informational purposes only. Conduct your own research before investing.