Daily News 19

Tag: Pi Network

  • Crypto Market Weekly Winners and Losers: ARB, NEAR, STABLE, PI

    Crypto Market Weekly Winners and Losers: ARB, NEAR, STABLE, PI

    Key Highlights

    • Bitcoin reclaimed the $80,000 level as crypto markets shifted from risk-off to a strong rebound, with altcoins outperforming major assets late in the week.
    • AI platform token Akedo (AKE) led weekly gainers with a 400% surge, while Arbitrum (ARB) and NEAR Protocol posted 60% and 55% gains respectively.
    • Stable (STABLE), Pi Network (PI), and Rain (RAIN) headed the losers list, with STABLE breaking below critical $0.025 support and PI facing potential deeper capitulation below $0.05.

    Market Rebounds as Risk Appetite Returns

    Cryptocurrency markets experienced sharp volatility this week before staging a decisive recovery, with Bitcoin [BTC] reclaiming the psychologically significant $80,000 threshold. Ethereum [ETH] and Solana [SOL] joined the rally as short covering and renewed risk appetite propelled the broader market higher. The weekly trajectory moved from an initial risk-off posture to a strong rebound, with momentum rotating aggressively toward higher-beta altcoins during the latter half of the period. Several tokens posted triple-digit percentage gains, underscoring a pronounced appetite for speculative momentum plays.

    Weekly Winners: AI Tokens and Layer-2s Lead

    Akedo (AKE) Surges 400% in Price Discovery Mode

    AI platform token Akedo [$AKE] emerged as the week’s standout performer, posting a massive 400% weekly gain. The rally extends two prior weeks of increases—77% and 7% respectively—while the Relative Strength Index (RSI) remained extremely overextended throughout. This pattern suggests sustained bullish momentum driven by fear-of-missing-out (FOMO) dynamics keeping investors engaged despite short-term selling pressure. On the daily chart, three consecutive green candles signal fresh buying interest and building investor conviction. The token has entered price discovery territory around the $0.08 level, with the $0.10 psychological barrier now the next key area to watch. However, the extremely overextended RSI warrants caution, as a near-term pullback remains a distinct possibility.

    Arbitrum (ARB) Reclaims Early-Q1 Range Amid Profit-Taking Risk

    Ethereum Layer-2 network Arbitrum [$ARB] secured the second spot with a 60% weekly advance, returning to its early-Q1 price range above the $0.20 resistance—a level not breached since the January cycle. While the RSI is stretched but not fully overbought, the fact that short-term bears are already in profit creates a significant profit-taking risk. Historical precedent underscores this concern: last week, ARB declined 30% after a 125% weekly gain. The $0.20 level now serves as critical support; as long as price holds above it, the bullish trend remains intact, but a rejection could trigger another sharp correction.

    NEAR Protocol (NEAR) Tests Q1 Highs Above $3

    NEAR Protocol [$NEAR] rounded out the top three with a 55% weekly increase, reclaiming multi-month highs and crossing the critical $3 level. Its weekly chart structure mirrors ARB’s, positioning it for a re-test of Q1 levels. However, selling pressure has already emerged on the daily chart, pushing price down more than 6% as short-term holders take profits and late long positions are closed. While the RSI remains stretched rather than overbought, a failure to recover alongside renewed price decline could see NEAR retreat below $3, though a full Q1-style correction appears premature at this stage.

    Speculative Altcoins Post Extreme Gains

    Beyond the major DeFi assets, speculative altcoins dominated the leaderboard. BLORB [BLORB] led with a staggering 5,615% gain, followed by Harmony [ONE] at 536% and Bedrock [BR] at 337%, highlighting the extreme risk appetite concentrated in low-liquidity names.

    Weekly Losers: Support Breaks and Bearish Structures

    Stable (STABLE) Breaks Critical $0.025 Support

    USDT-native Layer-1 blockchain Stable [$STABLE] posted the largest weekly decline at 16%, with bearish momentum showing no signs of exhaustion. The drop has brought price near early-Q1 lows and, crucially, below the $0.025 support level. This breakdown places more investors in loss territory, potentially forcing additional capitulation selling. The RSI continues heading lower without approaching oversold territory, suggesting bears retain sufficient momentum to target the next significant level at $0.02. A weekly close below current levels would confirm the loss of another critical support structure.

    Pi Network (PI) Faces Oversold Bounce or Deeper Capitulation

    Pi Network [PI] declined 11.5% for the week, ranking as the second-largest loser. A potential bullish divergence exists: the RSI has entered extremely oversold territory while price holds above $0.05. However, the correction follows two weeks of failed upside attempts above $0.10, indicating insufficient buying power to overcome that threshold. If the bearish structure prevails, PI could break below $0.05 to form a third lower low, enhancing the downside structure and potentially triggering a deeper capitulation phase—a high-risk scenario for holders.

    Rain (RAIN) Extends Correction Amid Persistent Bearish Momentum

    Crypto payments platform Rain [$RAIN] posted a 2% weekly decline, marking its second consecutive weekly correction after a 29% drop the prior week. The RSI sits in neutral territory, suggesting selling pressure remains unexhausted. Price is flirting with the $0.02 level, which now represents critical short-term support. A bearish break below this threshold would likely initiate a fresh correction phase.

    Memecoins and Niche Tokens Suffer Severe Drawdowns

    The broader losers list featured extreme downside volatility. Hunter Biden’s Laptop [LAPTOP] plummeted 65%, Lisk [LISK] shed 50%, and AI Companions [AIC] declined 46% as momentum cooled rapidly across speculative names.

    Why This Matters

    This week’s price action illustrates a classic crypto market rotation: as Bitcoin stabilizes and reclaims key levels, speculative capital flows aggressively into higher-beta altcoins, producing extreme percentage gains in AI-themed tokens, Layer-2s, and micro-cap names. The divergence between fundamentally backed projects like Arbitrum and NEAR—which are reclaiming multi-month technical structures—and purely speculative assets posting 5,000%+ gains highlights the dual-track nature of current market participation. For traders, the key technical levels identified ($0.20 for ARB, $3 for NEAR, $0.025/$0.02 for STABLE, $0.05 for PI) will dictate near-term directional bias. The prevalence of overextended RSIs across top gainers signals elevated short-term reversal risk, while deeply oversold conditions in losers like PI present potential mean-reversion opportunities—provided support holds. Market participants should monitor whether the altcoin momentum broadens or contracts into a narrower leadership group, as this will signal the sustainability of the current risk-on phase.

    Frequently Asked Questions

    Which tokens were the biggest weekly gainers and losers?

    Top gainers: Akedo (AKE) +400%, Arbitrum (ARB) +60%, NEAR Protocol (NEAR) +55%. Notable speculative winners included BLORB (+5,615%), Harmony/ONE (+536%), and Bedrock/BR (+337%). Top losers: Stable (STABLE) -16%, Pi Network (PI) -11.5%, Rain (RAIN) -2%. Severe declines also hit Hunter Biden’s Laptop/LAPTOP (-65%), Lisk/LISK (-50%), and AI Companions/AIC (-46%).

    What are the critical technical levels to watch next week?

    For gainers: AKE faces resistance at $0.10; ARB must hold $0.20 support to maintain bullish structure; NEAR needs to defend $3. For losers: STABLE risks further decline toward $0.02 after breaking $0.025; PI could see deeper capitulation below $0.05; RAIN faces a critical test at the $0.02 level.

    What drove the market’s shift from risk-off to rebound?

    The recovery was fueled by short covering and renewed risk appetite, with Bitcoin reclaiming $80,000 acting as the primary catalyst. Momentum subsequently rotated into higher-beta altcoins, particularly AI-themed tokens and Layer-2 scaling solutions, while major assets like Ethereum and Solana also rallied in sympathy.

  • Pi Crypto Price Pullback Tests Bulls: Is $0.113 Still Possible?

    Pi Crypto Price Pullback Tests Bulls: Is $0.113 Still Possible?

    Pi Network’s PI token continued trading above the key short-term support zone at $0.085 after a volatile move higher and sharp reversal. On Saturday, August 22, PI climbed to $0.11 before falling 18% from the session high to close at $0.09.

    The rally likely followed Pi Network’s announcement that the Protocol 26 upgrade had been completed on Pi Mainnet. However, the rapid price increase and subsequent profit-taking weakened the token’s bullish outlook.

    PI Faces Strong Rejection Above $0.10

    PI bulls managed to push the token above $0.10, a key psychological level that has acted as a supply zone since July. The breakout, however, lasted only a few hours before sellers took control.

    The resulting pullback briefly swept the $0.085 support zone, although the price recovered to around $0.09 over the following week.

    Technical indicators remained largely flat. PI’s OBV showed no clear trend over the previous six weeks, while the MACD recovered from deeply bearish momentum toward more neutral conditions without turning bullish.

    The broader daily market structure also remained bearish. Fibonacci retracement levels identified the $0.113-$0.124 area as key resistance, where another rejection could support a continuation of the downtrend.

    PI Crypto Traders Should Watch the $0.084-$0.093 Range

    The four-hour chart showed a range formation between $0.084 and $0.093. The lower boundary aligned closely with the short-term demand zone near $0.085.

    Buyers defended this support, keeping near-term bullish prospects alive. Even so, the technical indicators on the four-hour timeframe continued to signal indecision between buyers and sellers.

    A breakout above the $0.093 range high, supported by strong buying volume, could send PI toward $0.113. However, swing traders should note that the higher-timeframe price structure remains bearish.

    PI Price Outlook

    The PI crypto breakout above $0.10 last week likely followed the completion of the Protocol 26 upgrade on Pi Mainnet.

    Sellers used the move to take profits, making it more difficult to maintain a bullish case for the PI token in the coming weeks.

    Source: cryptonews.net

  • Pi Network Price in Russia 2025: Fluctuations and Future Predictions

    Pi Network Price in Russia 2025: Fluctuations and Future Predictions

    In recent years, Pi Network has attracted global attention, including in Russia. As a cryptocurrency project that prioritizes accessibility and ease of use, Pi Network continues to grow despite receiving mixed reactions from the global crypto community.

    If you are interested in gaining deeper insights into Pi Network, especially its price in Russia, this article provides an in-depth analysis to help you make smart investment decisions.

    Before proceeding further, it is important to understand the factors that influence Pi Network’s price and how the Russian market impacts it.

    What is Pi Network?

    Pi Network is a cryptocurrency platform designed to make digital currency accessible to everyone, especially those who have not yet participated in the crypto ecosystem.

    Unlike many other cryptocurrencies, Pi Network uses a consensus mechanism called Proof of Stake, allowing users to mine coins without needing advanced hardware. As a result, Pi can be mined using a smartphone, making it more accessible to a broader audience.

    However, it is important to note that Pi Network is not yet fully decentralized and is currently in the “mainnet” phase, which is not fully operational. Despite this, Pi Network has attracted millions of users worldwide, including in Russia. This growing interest has led many people to seek information about its price, particularly in the Russian market.

    Why Does Pi Network’s Price Vary Across Countries?

    Like other crypto assets, Pi Network’s price is heavily influenced by supply and demand in local markets.

    Each country has different market dynamics, and the same applies to Russia. Some key factors affecting Pi Network’s price in Russia include:

    • Local Demand: In countries with large crypto communities, such as Russia, the demand for Pi Network tends to be higher, potentially driving up prices.
    • Government Regulations and Policies: Russia is known for its strict regulations on cryptocurrency, which can impact Pi Network’s price. Supportive or restrictive policies can cause price fluctuations.
    • Market Confidence: Public perception of Pi Network’s potential in Russia also plays a crucial role. If local investors see Pi Network as a promising project, they are more likely to buy and hold Pi, affecting its price.

    Pi Network Price in Russia: Current Status and Global Comparison

    Currently, Pi Network’s price in Russia is experiencing significant fluctuations. Based on the latest available data, the price of Pi Network was ₽4,359.95 RUB on February 10, 2025, at 00:10 AM (as cited from Bitget).

    In the last 24 hours, the price of Pi [IOU] has changed by -15.93% against the Russian Ruble (RUB). Meanwhile, the Russian Ruble (RUB) has gained +18.95% against Pi (PI) over the same period.

    Comparing Pi Network’s price in Russia with other countries reveals some differences. In regions with higher crypto adoption, such as the United States and Europe, Pi Network’s price tends to be more stable or slightly higher. However, this does not diminish the interest of Russian users, who continue to actively engage with the Pi Network ecosystem.

    How to Analyze Pi Network’s Price Movements in Russia?

    To monitor Pi Network’s price movements in Russia more effectively, you should use several analytical methods, such as:

    1. Fundamental Analysis: Understanding the technical developments and regulations surrounding Pi Network in Russia is crucial. Factors such as new technology adoption or government policy changes can impact the price.
    2. Technical Analysis: Although Pi Network is still in development, you can analyze price charts to identify trends and predict future movements.
    3. Market Sentiment Analysis: Following news and updates related to Pi Network in Russia can provide insights into how the market is reacting to recent developments.

    Impact of Pi Network Price on Investors in Russia

    For investors in Russia, Pi Network’s price fluctuations present both opportunities and challenges. Since the project is still in development, there is a high potential for profits if the price rises sharply in the future. However, as with any crypto investment, risks remain. Investors should conduct thorough research before buying or selling Pi Network.

    Key considerations for Russian investors include:

    • Price Volatility: As Pi Network is still evolving, its price can be highly volatile. This can be beneficial if managed wisely but also risky if not handled carefully.
    • Regulatory Factors: Given Russia’s policies on cryptocurrency, investors should stay informed about any regulatory changes that could impact Pi Network’s price.

    Pi Network’s Future: Projections and Potential in Russia

    Looking ahead, Pi Network’s future in Russia appears promising, especially if the project successfully progresses through its development phases. Some potential factors influencing Pi Network’s future in Russia include:

    • Wider Adoption: If Pi Network gains more users and introduces new features, its price could increase alongside greater adoption.
    • Integration with the Broader Crypto Ecosystem: As Pi becomes more widely used in various sectors, its price in Russia could be affected by external factors such as partnerships with crypto exchanges or financial service providers.
    • Technological Advancements: Continuous innovation and the introduction of new technology relevant to users could further boost Pi Network’s value.

    Conclusion

    Pi Network’s price in Russia is currently experiencing interesting fluctuations. While still in development, Pi Network has significant potential to grow both in Russia and globally. Investors interested in this project should closely monitor its progress and be prepared for price volatility. Understanding the factors influencing Pi’s price in the Russian market can help you make wiser investment decisions.

    That’s an in-depth discussion on Pi Network’s price in Russia, providing valuable insights for crypto enthusiasts. Not only will this enhance your investment knowledge, but you can also stay updated on the latest blockchain and crypto news.

    Additionally, find more crypto-related insights in the Indodax Academy—offering a complete collection of crypto articles to help you expand your knowledge in digital investment and technology.

    FAQ

    What is Pi Network and how does it work?
    Pi Network is a cryptocurrency project that allows users to mine Pi using their smartphones. It aims to make cryptocurrency more accessible to the general public.

    Why does Pi Network’s price differ in Russia compared to other countries?
    Pi Network’s price is influenced by local demand, regulations, and community adoption. Russia’s unique market dynamics play a role in determining its price.

    What factors affect Pi Network’s price fluctuations?
    Pi Network’s price is impacted by market demand, government policies, and technical developments in the project.

    How can I buy Pi Network in the Russian market?
    To buy Pi Network, you need to follow the procedures set by platforms that support Pi transactions, such as using the Pi Network app to acquire Pi.

    Is Pi Network a profitable investment?
    Pi Network has significant growth potential, but as it is still in development, the risks remain high. Investing in Pi Network requires caution and thorough research.

    What can we expect from Pi Network in the future?
    Future projections for Pi Network indicate wider adoption, technological advancements, and integration with the broader crypto ecosystem, which could influence its price and value.