The SUI price has risen above the bearish trend that it held since the start of the year, when it marked a new ATH above $5.3. With this breakout, the token has triggered a fresh upswing, which is believed to secure an important resistance level. While the possibility of a continued upswing remains higher, the question remains whether the SUI price will mark a new ATH in Q2 2025.
The SUI ecosystem has been swelling and has emerged as the top-performing one. Besides, the DEX volume over the platform has surpassed $80 billion, while the best-performing tokens in the top 100 are from the SUI ecosystem. On the other hand, more than $12 million in shorts have been liquidated in the last 24 hours. This suggests the market participants have become hopeful of the next price action, and hence, the rise in optimism may lead the rally towards a new ATH.
The daily chart of SUI suggests the token has risen above the bearish influence after triggering a breakout from the edge of the consolidation. The price has broken above the falling wedge, indicating a rise in bullish activity. Besides, the supertrend has turned bullish and hence a rise above the resistance zone between $2.8 and $2.85 could validate a rise above $3 in a short while from now. However, the SUI price is expected to trigger a fine bull run once it secures the 200-day MA at $3.17.
The technicals have also jumped in favor of the bulls, as the MACD is about to enter the positive range while the RSI is about to rise above the upper threshold. On the other hand, the ADX is preparing for a bullish divergence, hinting towards a potential rise in the rally’s strength. The Chaikin Money Flow (CMF) has just surged above 0, hinting towards a rise in the money flow into the token.
Therefore, the SUI price is expected to maintain a consolidated upswing and reach $3.3 by the end of the month and later head towards a new ATH.
Crypto US stocks are showing mixed performance today, with Core Scientific (CORZ), MicroStrategy (MSTR), and Coinbase (COIN) in focus.
CORZ is down -0.84% in the pre-market and remains one of the worst performers in the sector this year. Meanwhile, MSTR is gaining momentum after a fresh $285 million Bitcoin purchase, pushing its 5-day gains to 16%. COIN is up +0.88% pre-market as it heads into its Q1 2025 earnings report on May 8, trying to recover from a steep YTD decline.
Core Scientific (CORZ)
Core Scientific (CORZ) is down -0.84% in pre-market trading, continuing its recent underperformance. Despite broader strength across crypto-related equities, the stock has struggled to attract buyers.
The company operates one of the largest Bitcoin mining businesses in North America. It provides infrastructure, hosting, and self-mining services through its network of data centers.
CORZ is down nearly 50% year-to-date, making it one of the worst performers among crypto stocks. In contrast, peers like Marathon Digital (MARA) and Coinbase (COIN) have held up much better.
While others benefit from diversification or stronger narratives, Core Scientific remains tied to mining economics—an area hit by rising costs and thinning margins, but that it could have a rebound as BTC rebuilds momentum.
Strategy (MSTR)
MicroStrategy (MSTR) closed yesterday up 3.82%, pushing its year-to-date return to 7.54%. The stock has shown strong momentum alongside Bitcoin’s recent price recovery, with MSTR price up 16% in the last 5 days.
The company, led by Michael Saylor, is best known for its aggressive Bitcoin accumulation strategy. While it originally focused on enterprise software, it has since become heavily tied to BTC’s performance.
Strategy recently purchased an additional $285 million worth of Bitcoin, adding 3,459 BTC to its balance sheet. This brings its total holdings to 531,644 BTC.
The move reinforces the firm’s position as the largest corporate holder of Bitcoin, effectively turning it into a leveraged BTC play for investors.
Coinbase (COIN)
Coinbase (COIN) is trading up +0.88% in the pre-market, showing signs of continued short-term strength. The move comes ahead of a key earnings update.
Pi Network’s prolonged decline has extended into another week, with the token shedding nearly 16% of its value amid a broader market lull.
As macro uncertainty intensifies and Pi’s scheduled daily token unlocks continue to weigh heavily on sentiment, the downward pressure appears far from over.
Sellers Dominate as PI Falls Below Key Thresholds
Since reaching an all-time high of $3 on February 25, PI has recorded consistent weekly losses, with no significant demand inflows to halt the slide.
On the daily chart, the readings from the token’s Moving Average Convergence Divergence (MACD) indicator reflect the deepening bearish momentum. At press time, PI’s MACD line (blue) rests below the signal line (orange).
The MACD indicator identifies trends and momentum in its price movement. It helps traders spot potential buy or sell signals through crossovers between the MACD and signal lines.
As with PI, when the MACD line rests below the signal line, it indicates waning buying activity. Traders see this setup as a sell signal. Hence, it could exacerbate the downward pressure on PI’s price.
Moreover, PI’s negative Balance of Power (BoP) shows that sellers remain firmly in control. As of this writing, the indicator is at -0.12.
The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is positive, buyers dominate the market over sellers and drive newer price gains.
Conversely, negative BoP readings signal that sellers are dominating the market, with little to no resistance from buyers. This points to sustained downward pressure and weakening investor confidence.
For PI, the negative BoP readings reinforce the bearish outlook. It suggests that selling momentum may persist unless new demand emerges.
Pi Network Struggles Below Key EMA Level
Currently, PI trades at $0.53, exchanging hands below its 20-day exponential moving average (EMA), which forms dynamic resistance above its price at $0.56.
The 20-day EMA measures an asset’s average price over the past 20 trading days, giving more weight to recent prices. When an asset’s price trades below its 20-day EMA, it signals short-term bearish momentum and potential continued downside. If the bears retain control, they could drive PI’s price to revisit its all-time low at $0.40.
Traditional airdrop campaigns have often led to short-term speculation rather than sustainable engagement. Many investors claim tokens only to sell immediately, preventing long-term community growth. In response, DeFi projects are now shifting toward structured airdrop systems, linking token distributions to staking, governance participation, and curated rewards programs.
Skyren DAO has adopted this approach through its Token Surge Event, offering 500 free SKYRN tokens to Solaxy and Remittix presale participants. This system ensures that recipients are not only rewarded but also integrated into Skyren DAO’s governance and incentive-driven airdrop ecosystem.
Solaxy and Remittix: Enhancing Blockchain Utility
Skyren DAO selected Solaxy and Remittix due to their high-value contributions to the blockchain ecosystem. Both projects focus on scalability, real-world payments, and financial accessibility.
Solaxy is a Layer-2 scaling solution for Solana, designed to reduce congestion and lower transaction fees. By processing transactions off-chain before settling them on Solana’s mainnet, Solaxy enhances scalability while maintaining Solana’s security model. The project has raised $23 million up to date, demonstrating strong market demand.
Remittix is a blockchain-powered remittance platform that enables fast, low-cost cross-border transactions. Unlike traditional payment providers that charge high fees and require long processing times, Remittix facilitates crypto-to-fiat transfers with minimal costs and near-instant settlement. The project has already raised $12.5 million in its presale, solidifying its place in the global remittance market.
Skyren DAO’s airdrop brings Solaxy and Remittix investors into its governance-driven DeFi model, where token holders benefit from staking rewards and curated airdrop distributions.
How Solaxy and Remittix Investors Can Claim Their SKYRN Tokens
Skyren DAO has streamlined the airdrop process for eligible participants:
Go to the Skyren Website – Navigate toskyren.io/token-surge/ and access the airdrop claim page.
Submit Transaction Data – Provide proof of participation in Solaxy or Remittix presales.
Enter an EVM-Compatible Wallet – Use a valid address for the airdrop distribution.
Receive 500 SKYRN Tokens – Tokens will be airdropped to verified participants after launch.
Once claimed, SKYRN tokens can be used for staking, governance participation, and airdrop rewards.
Maximizing SKYRN Utility: Governance, Staking, and Rewards
The SKYRN token is built to serve as a DeFi rewards asset, allowing holders to participate in governance and receive curated token distributions.
Stake SKYRN for Passive Income
Holders can stake SKYRN tokens and earn continuous rewards, getting a stable income stream while securing network liquidity. Pre-staking options allow early adopters to lock in higher APY rates, maximizing their earnings before SKYRN is publicly traded.
Participate in DAO Governance
Skyren operates as a decentralized autonomous organization (DAO), where SKYRN holders vote on major governance proposals, such as staking structures, platform upgrades, and airdrop distributions.
Exclusive Access to High-Value Airdrops
Instead of random airdrop distributions, Skyren provides curated token rewards, ensuring that every SKYRN holder benefits from vetted blockchain projects.
These incentives turn SKYRN into a long-term rewards asset, ensuring that holders engage with the platform beyond the initial claim. Skyren DAO’s governance model and staking system have been analyzed by Crypto Volt, highlighting the benefits of structured airdrop incentives.
Spin The Wheel: A Reward System for Active SKYRN Holders
Skyren DAO’s Spin The Wheel feature increases engagement by rewarding token buyers with additional incentives.
How It Works
Purchase SKYRN tokens – Every transaction earns spin tickets.
Spin for bonus rewards – Additional SKYRN tokens or staking multipliers.
Higher purchase amounts increase the number of spins.
Instant SKYRN bonuses are credited to winners.
This feature provides continuous engagement, keeping the Skyren community active and invested.
Claim Your 500 SKYRN Before the Airdrop Window Closes
Solaxy and Remittix presale participants have limited time to claim their 500 free SKYRN tokens, gaining access to governance, staking rewards, and curated airdrop programs. This marks a shift toward long-term DeFi incentives, ensuring that investors actively participate in structured airdrop rewards.
Complete the verification process today to secure SKYRN tokens before the claim period ends.
Get updates on DeFi rewards and governance: X (Twitter)
Join discussions with the Skyren DAO community: Telegram
The post Solaxy and Remittix Backers First to Access Skyren DAO’s Generous Token Surge appeared first on Coinpedia Fintech News
Traditional airdrop campaigns have often led to short-term speculation rather than sustainable engagement. Many investors claim tokens only to sell immediately, preventing long-term community growth. In response, DeFi projects are now shifting toward structured airdrop systems, linking token distributions to staking, governance participation, and curated rewards programs. Skyren DAO has adopted this approach through its …
