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Chainlink has reached a critical stage as its price tightens in a long-term consolidation pattern. The market has demonstrated resilience amidst the volatility in recent times. Constant accumulation by the Chainlink Reserve is increasing pressure on the supply side. This consistent stacking may provide support to any breakout momentum that may come in the following
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Pi Network (PI) is under heavy pressure, down more than 9% in the last 24 hours and 29% over the past week. Its market cap has dropped to $5.5 billion, a sharp fall from its $19 billion peak at the end of February.
Technical indicators show sellers are in full control, with no strong signs of momentum returning yet. As PI tests key support levels, the coming days could be critical in determining whether it stabilizes—or continues its slide.
Pi Network’s DMI chart shows that its ADX has climbed to 34.99 from 25.1 just a day ago, signaling a strong increase in trend strength. The ADX, or Average Directional Index, measures the intensity of a trend without indicating its direction.
Values above 25 suggest a strong trend is forming, and readings over 30 confirm it. With ADX now nearing 35, Pi Network is firmly in trending territory—but it’s important to identify the direction of that trend.
Currently, the -DI (Directional Indicator for bearish pressure) has risen to 31.55 from 25.31, while the +DI (bullish pressure) has dropped to 9 from 15.59. This widening gap between the two confirms that the downtrend is strengthening, as an analyst recently reviewed why PI wasn’t listed on Binance and Coinbase.
Despite the sharp rise in trend strength shown by the ADX, the declining +DI and rising -DI indicate sellers remain in full control. Unless the trend reverses soon, Pi Network could continue to face further downside pressure in the short term.
Pi Network’s Chaikin Money Flow (CMF) is currently at -0.23, a notable drop from 0 just two days ago. The CMF is a volume-weighted indicator that measures buying and selling pressure over a set period, typically 20 or 21 days.
Values above 0 suggest accumulation (buying pressure), while values below 0 indicate distribution (selling pressure). The further from zero, the stronger the pressure in that direction.
With a reading of -0.23, Pi Network’s CMF is at its lowest level ever, showing heavy and persistent outflows. Notably, the indicator hasn’t turned positive since March 15—nearly 15 days ago—highlighting sustained selling activity.
This deep negative value signals a strong bearish bias, suggesting that capital is consistently leaving the market. Unless CMF begins to recover, the ongoing distribution phase could continue to weigh on Pi Network’s price.
Pi Network price chart shows a critical support level at $0.718, which has held the price up in recent sessions.
If this level is lost, it could trigger a sharper drop toward $0.62, marking the lowest price since February 21.
On the flip side, if Pi Network manages to reverse its trend and regain momentum, the first key resistance to watch is at $1.05. A breakout above that could open the path toward $1.23, and if bullish sentiment returns, the price could climb as high as $1.79.
That would represent a potential 54% upside from current levels, but it would require a strong shift in momentum and renewed market hype.
The post Pi Network (PI) Faces Heavy Selling Pressure Amid Another 10% Drop appeared first on BeInCrypto.
Solana-based meme coin Official Trump (TRUMP) is today’s top gainer in the crypto market, surging nearly 30% in the past 24 hours.
The rally follows a major announcement that the US president will host an exclusive “gala dinner” for the token’s top 220 holders, sparking renewed investor interest.
The Donald Trump-inspired meme coin TRUMP has surged 29% in the past 24 hours, fueled by news of an exclusive incentive tied directly to the U.S. president.
According to the project’s official website, the top 220 holders of the TRUMP token will receive invitations to a private gala dinner with the president on May 22. The website touts the event as “the most EXCLUSIVE INVITATION in the world.”
Since the announcement, the market sentiment around the token has shifted dramatically. Trading volume has skyrocketed by over 500%, reaching $5.11 billion, marking the meme coin’s highest single-day volume since February 14.
When an asset’s price and trading volume spike simultaneously, it signals strong market interest and growing momentum behind the move. This trend indicates that new investors are entering the TRUMP market, fueling the continuation of its current uptrend.
On the daily chart, readings from TRUMP’s Parabolic Stop and Reverse (SAR) indicator support this bullish outlook. At press time, the dots of this indicator rest below TRUMP’s price, forming dynamic support at $7.85.
An asset’s Parabolic SAR indicator identifies potential trend direction and reversals. When its dots are placed under an asset’s price, the market is in an uptrend. This confirms TRUMP’s current rally and also hints at the likelihood of sustained growth in the short term.
As of this writing, TRUMP trades at $11.82. If the bulls hold on to control and demand strengthens ahead of the private gala dinner, the meme coin could extend its rally and climb toward $22.14.
However, if profit-taking resumes, TRUMP could shed its recent gains and plummet to $7.14.
The post Official Trump (TRUMP) Dominates Crypto Market as US President Rewards Top Bagholders appeared first on BeInCrypto.
Trump’s Big Beautiful Bill no longer contains a 10-year moratorium on AI regulation, causing several setbacks for related tokens. Trade volumes and market cap for AI cryptoassets both fell over 5% in the last 24 hours.
Senators overwhelmingly shot down the moratorium in a 99-1 vote that saw pro-crypto legislators abandon the effort. Still, the market sector was already in a slump, and it’s hard to determine the bill’s impact.
Trump’s Big Beautiful Bill is a key piece of legislation that covers a huge range of topics. Intense political controversies caused the bill to change shape many times, but it finally passed the Senate today.
However, Senators overwhelmingly rejected the bill’s language supporting AI, showing a massive rebuke for the entire industry.
The vote was nearly unanimous, signaling real apprehension towards the industry. Indeed, the only Senator who voted for it, Thom Tillis, already announced that he won’t seek re-election.
A lot of cryptoassets are tied to the AI industry, and the market sector has taken some major hits since the bill’s language changed. Market cap and volume are both down over 5%:
So, this leaves us with a few questions. What were the Big Beautiful Bill’s positions on AI? Why did the Senate overwhelmingly reject them? Can we expect the AI token market to continue showing reduced trade volumes and market capitalization?
The bill’s plan, essentially, was to impose a 10-year moratorium on AI regulation for all US states. This may have taken the form of an outright ban or a more roundabout method.
It would have proposed a $500 million fund on AI infrastructure development, but only states with zero AI regulations could access this money. Google and OpenAI supported this plan.
Such a vision would’ve created a lot of problems, and pro-crypto Senators even turned on it. If the bill banned AI regulation for 10 years, states would be powerless to prevent future AI-related crimes.
Obvious offenses include fraud or copyright infringement, but people might even use AI tools to simulate depictions of child abuse, as some Senators warned. This possibility caused prominent Republicans like Marsha Blackburn to disavow the effort.
Unfortunately, it’s difficult to say how the bill will impact the AI token market in the long term. So far, the Big Beautiful Bill has been very unpredictable already.
For example, Elon Musk’s opposition to the bill caused several Musk-related meme coins to flourish, but Dogecoin fell by over 5%. This chaos could create new opportunities, but it’s uncertain where they’ll appear.
Additionally, the AI token sector was already in a slump before the bill passed. These 5% drops are concerning, but AI asset trade volumes fell over 38% in the last 30 days.
Compared to other macroeconomic concerns, these legislative hurdles might not leave a lasting mark on the sector.
The post AI Tokens Plunge 10% As US Senate Rejects Federal AI Regulation Freeze appeared first on BeInCrypto.