加密貨幣市場因波動性上升而暴跌，投資者謹慎

在市場波動的背景下，比特幣等加密貨幣的價格出現波動。 IOTA 在飆升至 0.4210 美元後，已跌至 0.3018 美元。 Polkadot 也面臨下行壓力，跌破 9.61 美元。尚未公開上市的 Pi Coin 見證了 Pi 代幣的上市爭議，其價值暴跌至 40 美元以下。

Cryptocurrency Market Retreats Amidst Heightened Volatility and Concerns

加密貨幣市場在波動加劇和擔憂中回落

The cryptocurrency market has experienced a challenging week marked by heightened volatility and a decline in investor sentiment. The Fear and Greed Index, a metric that gauges market emotions, has retreated, while the VIX index, a measure of stock market volatility, has surged.

加密貨幣市場經歷了充滿挑戰的一周，其特點是波動加劇和投資者情緒下降。衡量市場情緒的恐懼和貪婪指數已經回落，而衡量股市波動的 VIX 指數則飆升。

Bitcoin, the largest cryptocurrency by market capitalization, initially climbed to a high of $70,000 last week, but subsequently retraced to $65,000 before recovering to the $67,000 level. Similarly, Solana has retreated from $200 to $170, contributing to a decline in the total market cap of all cryptocurrencies to $2.5 trillion.

比特幣是市值最大的加密貨幣，上週最初攀升至 70,000 美元的高位，但隨後回落至 65,000 美元，然後又恢復至 67,000 美元的水平。同樣，Solana 從 200 美元回落至 170 美元，導致所有加密貨幣的總市值下降至 2.5 兆美元。

IOTA's Price Slumps Despite Positives

儘管有積極因素，但 IOTA 的價格還是暴跌

IOTA, one of the most well-known cryptocurrencies, has faced a turbulent week. After reaching a high of $0.4210 on March 14th, the coin has plunged almost 30% to its current price of $0.3018. This price action has mirror's Bitcoin's recent performance.

IOTA，最著名的加密貨幣之一，經歷了動蕩的一周。在 3 月 14 日達到 0.4210 美元的高點後，該代幣已暴跌近 30%，至目前的價格為 0.3018 美元。這一價格走勢反映了比特幣近期的表現。

Technically, IOTA has broken below several critical support levels, including $0.3720 and $0.3500. It has also fallen beneath $0.3275, a key swing low from December 30th.

從技術上講，IOTA 已跌破幾個關鍵支撐位，包括 0.3720 美元和 0.3500 美元。它還跌破了 12 月 30 日以來的關鍵波動低點 0.3275 美元。

Despite these bearish indicators, there are some positive signs for IOTA. The coin has remained above the 100-day and 200-day Exponential Moving Averages (EMAs), suggesting potential support at these levels.

儘管有這些看跌的指標，但 IOTA 也有一些積極的跡象。該代幣仍保持在 100 天和 200 天指數移動平均線 (EMA) 上方，顯示這些水平有潛在支撐。

If the enthusiasm surrounding the upcoming Bitcoin halving continues, IOTA could experience a rebound. A confirmation of this reversal would require the coin to reclaim the resistance levels at $0.327 and $0.3720.

如果圍繞著即將到來的比特幣減半的熱情持續下去，IOTA 可能會出現反彈。要確認這一逆轉，需要代幣重新回到 0.327 美元和 0.3720 美元的阻力位。

Polkadot Under Pressure Amidst Momentum Fading

波卡在動力衰退中面臨壓力

Polkadot has also faced significant selling pressure in recent weeks, with its recent momentum fading. The DOT token has declined from a year-to-date high of $11.90 to a low of $8.48. It has broken below key support levels at $10 and $9.61, the highest swing on December 26th.

最近幾週，Polkadot 也面臨巨大的拋售壓力，其近期勢頭正在減弱。 DOT 代幣已從年初至今的高點 11.90 美元跌至低點 8.48 美元。它已跌破關鍵支撐位 10 美元和 9.61 美元，這是 12 月 26 日的最高波動。

Similar to IOTA, Polkadot has managed to hold above the 100-day and 200-day EMAs. However, it has dipped slightly below the crucial support level at $8.55, the lowest swing on March 20th.

與 IOTA 類似，Polkadot 已成功守住 100 日和 200 日均線上方。然而，它已略低於關鍵支撐位 8.55 美元，這是 3 月 20 日的最低波動。

Oscillators like the Relative Strength Index (RSI) and the Stochastic have turned bearish, indicating a potential continuation of the downtrend. If this occurs, the token could fall to the key swing at $6, the lowest point reached on January 23rd.

相對強弱指數（RSI）和隨機指標等振盪指標已轉為看跌，顯示下跌趨勢可能會持續。如果發生這種情況，代幣可能會跌至 6 美元的關鍵波動位置，即 1 月 23 日達到的最低點。

Pi Coin Remains in Enclosed Mainnet

Pi 幣保留在封閉的主網中

Unlike Polkadot and IOTA, the Pi Coin token is not yet available in the market, as it remains in an enclosed mainnet. However, the closest token to observe is the Pi token, which has been controversially listed on exchanges like BitMart, Gate.io, and HTX. This token has been disowned by the Pi Network developers.

與 Polkadot 和 IOTA 不同，Pi Coin 代幣尚未在市場上銷售，因為它仍然位於封閉的主網中。然而，最值得觀察的代幣是 Pi 代幣，該代幣在 BitMart、Gate.io 和 HTX 等交易所上架已引起爭議。該代幣已被 Pi 網路開發者否認。

The actual Pi Coin has yet to be listed. However, the management team has stated that the listing could occur this year if three key goals are met. These goals include completing the KYC process to prevent bots, ensuring sufficient utility for the Pi Coin, and witnessing favorable market conditions.

實際的 Pi 幣尚未上市。然而，管理團隊表示，如果滿足三個關鍵目標，今年可能會上市。這些目標包括完成 KYC 流程以防止機器人、確保 Pi 幣有足夠的效用以及見證有利的市場條件。

The Pi Network token listed on Bitmart experienced a surge to a high of $136 in March, but has since plummeted below $40. This volatility is attributed to the recent pump-and-dump activity in the cryptocurrency industry.

Bitmart 上市的 Pi Network 代幣 3 月飆升至 136 美元的高點，但此後暴跌至 40 美元以下。這種波動歸因於加密貨幣行業最近的拉高拋售活動。

The token has minimal volume and is consolidating around the 50-day and 100-day EMAs. Its RSI has also retreated below 50, suggesting a bearish outlook. The next support level to watch for this token is $25.

該代幣交易量最小，正在 50 天和 100 天 EMA 附近盤整。其相對強弱指數 (RSI) 也回落至 50 以下，顯示前景看跌。該代幣值得關注的下一個支撐位是 25 美元。

Conclusion

結論

The cryptocurrency market has entered a period of uncertainty and volatility. While some coins, like Bitcoin, have shown signs of resilience, others, such as Polkadot and IOTA, have faced significant selling pressure. The future direction of the market remains unclear, but investors should remain cautious and monitor the situation closely. The listing of the Pi Coin, if and when it occurs, could potentially impact the market dynamics, but its ultimate impact remains to be seen.

加密貨幣市場已進入不確定性和波動性時期。雖然比特幣等一些加密貨幣已經顯示出反彈的跡象，但 Polkadot 和 IOTA 等其他加密貨幣面臨巨大的拋售壓力。市場未來走向仍不明朗，但投資人應保持謹慎並密切關注事態發展。 Pi 幣的上市如果發生，可能會影響市場動態，但其最終影響仍有待觀察。