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Cryptocurrency News Articles
Crypto prices remained on edge last week as investors focused on the actions by Donald Trump and Xi Jinping
Apr 14, 2025 at 03:23 pm
Zetachain, a layer-1 network, will also be in the spotlight this week because of its token unlocks that happen on Friday.
Crypto prices remained on edge last week as investors focused on the actions by Donald Trump and Xi Jinping, who accelerated their Trade War, pushing the US dollar index (DXY) to its lowest level in over three years.
The focus among investors will remain on this Trade War as there will be no major economic data to watch. This article explores why Pi Network (PI), Zetachain (ZETA), and Melania (MELANIA) will be in focus this week.
Pi Network (PI)
Pi Network price has bounced back in the past few days, rising from a low of $0.4014 on April 5 to a high of $0.7480. This rebound happened after the token formed a falling wedge pattern, a popular bullish reversal sign.
The token has bounced back by over 80% from a low of $0.4015 in April to the current $0.75. It has moved above the 50-period moving average, a sign that bulls are now in control. At the same time, top oscillators like the Relative Strength Index (RSI) and the MACD have all pointed upwards.
Therefore, the coin may keep rising this week as bulls target the key resistance point at $1, which is about 25% above the current level. A move above this target will point to further upside to $1.7365, the 50% retracement point, which is about 135% above the current level.
The risk, however, is that the Pi Network price has formed a rising wedge pattern, which could derail the recovery.
Zetachain (ZETA)
Zetachain, a layer-1 network, will also be in the spotlight this week because of its token unlocks that happen on Friday. The developers will unlock tokens worth over $7.14 million, representing 4% of the float.
These token unlocks will continue for a while since there are 780 million ZETA tokens in circulation against a total supply of 2.1 billion.
Zetachain’s token unlocks have contributed to its weak performance since its airdrop. ZETA price trades at $0.20, slightly above its all-time low of $0.1960.
Melania (MELANIA)
Melania Trump’s meme coin has been in a freefall since its debut in January, crashing to its lowest level on record. It has plunged sharply, with its market cap moving from over $2 billion to just $74 million today.
The Melania meme coin will likely be in the spotlight this week as it delivers another unlock. The upcoming unlock includes $11 million worth of new tokens, primarily allocated to Melania Trump.
This is a notable thing since on-chain data showed that Melania Trump sold tokens worth over $30 million recently. The outlook for the MELANIA token price is bearish, with the next target being $0.10.
Other Crypto to Watch This Week
The other top cryptocurrency to watch this week will be Solana (SOL). Solana price has jumped to $125 as some meme coins in its ecosystem jumped. Traders will want to see whether it will maintain the momentum.
At the same time, Fartcoin’s recent strong surge will also draw attention, while ApeCoin will have a big token unlock.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Pi Network Price Drops 10% as Bitcoin Holds Above $85,000
- Apr 16, 2025 at 01:20 am
- The cryptocurrency market continues its positive price action with the Bitcoin price holding its value above the $85,000 mark. However, the viral altcoin, Pi Network price has experienced a strong bearish pullback. This has resulted in this Layer-1 project wiping out 1/10th of its market cap. By: John Smith
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- In a Surprising Development, Decentralized Finance (DeFi) Protocol Ethena Labs Has Announced
- Apr 16, 2025 at 01:20 am
- In a surprising development, decentralized finance (DeFi) protocol Ethena Labs has announced via its official X account that the firm has reached an agreement with German watchdog BaFin
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