Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Traders Anticipate Ethereum’s Recovery, But XRP Poised to Surge First: Key Reasons

Market watchers are closely eyeing Ethereum `s potential comeback. However, another contender might steal the spotlight first. XRP is showing signs of a strong rally ahead of Ethereum. Delve into why traders believe XRP is set to lead the charge and what key factors are driving this momentum. Discover which digital assets are primed for significant gains. Ethereum: Recent Pressure and Key Levels Signal Rebound Potential Ethereum declined 5.30% over the past month and fell 31.87% in the last six months. A brief 13.22% rise in the past week indicates a momentary recovery but does not alter the overall downward trend. Short-term movements have been mixed, revealing caution and opportunity in a volatile environment. Current trading sees prices moving between $1538.94 and $2325.86, with support at $1255.61 and resistance at $2829.45. While bulls show some strength in pushing prices higher, bears remain dominant below key resistance levels. Trading within these boundaries could yield gains if market demand strengthens and sentiment improves. XRP: Six-Month Surge Fuels Bullish Setup XRP performance over the last month shows a modest gain of about 3.37%, while a striking 331.73% surge over six months reveals strong upward momentum. Recent weekly movement exceeded 9.81%, pointing to increasing investor interest and revitalized market energy. The price history hints at a solid accumulation phase that set the stage for pronounced growth across timeframes. Current price action falls within a range of $1.66 to $2.77. The nearest support sits at $1.23 and resistance at $3.45, with a second resistance at $4.56. Bulls appear to steer the market with an RSI approaching 60, suggesting a moderately clear uptrend. Traders might look for entry opportunities near support while targeting the resistance zones for gains. Conclusion ETH is expected to bounce back soon. However, XRP might see a rise before that happens. Traders are keeping a close eye on these movements. XRP`s potential for a quick surge is high, possibly driven by specific, favorable conditions. Meanwhile, ETH retains strong fundamentals, suggesting a recovery in the near term. Both coins present viable opportunities, but XRP appears to be on the brink of a notable rise. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. BitcoinSistemi

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Pi Network (PI) Misses the Rally: Is Further Trouble Brewing?

TL;DR Pi Network (PI) fell by 3% in the past seven days, potentially weighed down by massive token unlocks and a lack of fresh support from major exchanges. Some analysts predict a potential rebound, while others have warned that dealing with the asset could lead to painful losses. Missing the Green Wave The cryptocurrency market has been on an evident uptrend in the past week. Bitcoin (BTC) is up almost 10% for the period, currently trading at around $95,000, whereas Ethereum (ETH) saw its valuation rise by 11.5%. Very few of the top 50 digital assets remain in the red on a seven-day scale, and unfortunately for the Pi Network community, their favorite token is one of those. As of this writing, PI is worth roughly $0.61, which is a 3% weekly decline. What’s more, the current level represents an 18% drop for the last two weeks. PI Price, Source: CoinGecko It is worth mentioning that the asset started retracing in mid-April, right after the major release of almost 7 million tokens. The unlocks remained in the millions in the following weeks and are expected to speed up even further in the upcoming days. Data shows that over 230 million PI will be freed up in the next month, with April 30 being the record day when 11.3 million tokens will be released. Events like these typically lead to higher selling activity, as investors finally get the opportunity to sell coins they’ve been waiting for a long time . Although some holders may stay put, the danger of a mass exit still looms. Another factor that may have negatively impacted PI’s price is the lack of new support from leading crypto exchanges. Well-known names that have already embraced the asset include Gate.io, OKX, Bitget, and others. However, Binance and Coinbase remain uninvolved. The former issued a community vote in February to determine whether its users want to see PI available on the platform. While more than 85% clicked the “yes” option, there hasn’t been a follow-up announcement. Price Predictions Despite the retreat registered in the past weeks, certain X users continue to make optimistic predictions. MOON JEFF, who often touches upon the matter, recently forecasted that PI could rise to $1. Interestingly, at the beginning of the month, he labeled Pi Network “a slow rug,” suggesting that the token’s potential ascent to $1 is “just a dream.” Kuzo also shared their thoughts, claiming PI “doesn’t look good” based on investigations conducted over the past month. “People will lose millions or even billions of dollars. It’s worse than you could’ve imagined. If you’re still holding, think twice. I’ll drop my investigation soon , make sure you’re following,” they added. The post Pi Network (PI) Misses the Rally: Is Further Trouble Brewing? appeared first on CryptoPotato . BitcoinSistemi