Pi Coin (PI) is currently trading at $0.65, up slightly by more than 1% at the time of writing. While the broader crypto market is showing signs of strength, Pi Coin has remained relatively flat, trading within a narrow range of $0.60 to $0.68 in recent weeks.
Despite the limited price movement, there’s excitement in the Pi Network community with the launch of a new game app, Fruity $PI, now live on the Pi Network Mainnet Ecosystem. The app adds to the growing number of decentralized applications being built on the Pi platform, aimed at improving user engagement and ecosystem activity.
However, some investor frustration is mounting over the coin’s stagnant performance. This sentiment took a humorous turn when a user on social media claimed to have listed 3 PI coins on the OKX exchange for a total of $314,159, stating they were new to using exchanges.
The post quickly went viral, with crypto analyst Dr. Altcoin commenting, “This guy is selling 3 Pi on OKX each for a GCV value of $314,159! Some people have no clue how crypto works.”
This guy is selling 3 Pi on OKX each for a GCV value of $314159! Some people have no clue how crypto works. Dimas @2000Rocker do you care to clarify? https://t.co/uwE9SlhRHB
Another user, @2000Rocker, was tagged in the conversation for clarification, while others chimed in, with one commenter joking, “He’ll have to wait 40 to 50 years to take profit.”
While the post stirred laughs across the community, it also highlighted confusion among some newer users about the coin’s real value versus speculative pricing.
For now, Pi Coin continues to hold steady, with the ecosystem gradually expanding. Whether new apps like Fruity PI$PI can drive more meaningful price action remains to be seen.
The UK is planning to enact new crypto regulations, hoping to grow the domestic Web3 industry while protecting consumers. It will develop new policies in dialogue with US counterparts, including Scott Bessent.
However, the community has reacted with skepticism, as the Treasury emphasized its continued willingness to crack down on bad actors. Regardless of what lessons Britain takes from the US, it doesn’t seem interested in laissez-faire regulation.
In this environment, the UK’s own plans to reform crypto regulation bear similarities and differences:
“Through our Plan for Change, we are making Britain the best place in the world to innovate — and the safest place for consumers. Robust rules around crypto will boost investor confidence, support the growth of Fintech and protect people across the UK,” Rachel Reeves, Chancellor of the Exchequer, claimed.
The Treasury publicized several documents proposing some of the changes that may happen in UK crypto regulation. These changes are heavily influenced by US cooperation; Reeves personally met with Treasury Secretary Scott Bessent.
She also announced an upcoming UK – US Financial Regulatory Working Group to further coordinate policy goals. However, the Treasury’s messaging on UK crypto regulation has a decided focus on fighting bad actors.
In other words, the British Treasury seems to support pro-industry development without a laissez-faire attitude, which has prompted some community skepticism.
“Sad because it’s actually true. The UK can barely operate the basics, yet they want to lead the digital era? Delusional!” claimed The Crypto Professor in response to derisive social media statements about British crypto reform.
Still, it may be too early to count Britain out just yet. The government will publish an actionable plan to update crypto regulation in the UK by July, giving it plenty of time to set policy.
A lot could change in that time, especially if it’s coordinating with counterparts in the US. At the moment, it’s too soon to predict the outcome.
Cardano price is floating above the $0.62 level on Sunday April 20, down 0.7% on the daily candle. However, derivatives trading signals observed over the weekend suggest recent Trump comments from Founder Charles Hoskinson are unlikely to impact ADA price action negatively in the week ahead
Cardano Bulls Cluster Around $0.60 Support as Charles Hoskinson Hints at Strained Trump Relationship
Over the weekend, ADA price action has been notably resilient, holding above the critical $0.60 support level.
This comes on the heels of an exclusive interview where Charles Hoskinson dismissed the importance of forging ties with the Trump administration.
Cardano Price Action, April 20 | Source: Coingecko
Despite being excluded from a recent White House crypto summit, Charles Hoskinson claims that the Cardano team has not established a close relationship with the Trump administration.
“I don’t need to make a deal with Trump,” Hoskinson told DL News during Paris Blockchain Week, downplaying the perceived political snub.
Notably, other crypto leaders such as Brian Armstrong (Coinbase) and Michael Saylor (MicroStrategy) met with Trump and top crypto advisors David Sacks and Bo Hines. In reference, Hoskinson emphasized that U.S. political proximity may offer optics but lacks long-term impact.
Cardano left out of Trump-backed Crypto Projects?
When Trump included ADA among five cryptocurrencies in his crypto strategic reserve proposal back in March 2025, it sparked optimism across the Cardano ecosystem.
Many hoped this would signal increased support from the Trump administration. However, a month later, while other crypto projects are actively aligning with U.S. political influencers, Cardano appears to have been sidelined.
Founder Charles Hoskinson remains unfazed in his latest interview, emphasizing that political proximity may offer short-term visibility but rarely leads to sustainable outcomes.
In contrast, Trump-backed WLFI recently unveiled plans to launch a USD1 stablecoin on Ethereum and BNB Chain, while also making strategic investments in tokens like Tron and Chainlink.
The Cardano community has taken note of ADA’s absence from these high-profile initiatives, sparking debate over why one of the industry’s most actively developed blockchains is being left out of Trump-linked crypto endeavors.
Cardano Derivatives Volumes Cross $700M as Markets Lean Bullish
Despite the political headlines surrounding Charles Hoskinson’s remarks, market participants are seemingly more focused on price action than policy drama.
Derivatives trading data over on Sunday April 20, reveals a optimistic, risk-tolerant stance from ADA traders.
As depicted in the Coinglass chart above, the total ADA derivatives trading volume surged by 8.62% to $716.28 million, while open interest edged up to $635.27 million up 1%.
Cardano Derivative Market Analysis, April 20 | Source: Coinglass
The increase in Open Interest matches up to the 1.2% downswing in Cardano spot prices on the day. This signals that bull traders are actively defending their positions to prevent a break down below the $0.60 price level.
What’s more telling is the behavior of traders across top exchanges. On Binance, the long/short ratio sits at 2.19, while OKX shows even more aggressive positioning with a ratio of 2.62, meaning more than two longs for every short. Among top traders, that bullish tilt remains intact, with long-to-short account ratios over 2:1 and position ratios still firmly long-biased.
This accumulation of leveraged long positions suggests that both retail and institutional participants are eyeing a move higher — possibly in anticipation of a breakout past the local resistance at $0.65, or simply confidence in ADA’s technical foundation above $0.60. However, the growing appetite for leverage comes with its own risks.
Cardano Price Analysis For the Week Ahead
Looking ahead, Cardano price outlook suggests bulls may face major stress tests to defend the $0.60 level. Howevrr, if bulls can maintain control and defend against cascading long liquidations, ADA could build enough momentum to challenge $0.65, potentially opening the door to a run toward $0.70.
But failure to hold that line could quickly dampen confidence, potentially sending ADA prices spiraling back toward $0.55.
Cardano Technical Price Analysis Today: Bulls Eye $0.65 as $0.60 Support Holds Steady
Cardano (ADA) enters the week with its price consolidating around $0.6203, where the 4-day SMA acts as immediate resistance. The flattening yellow 4-SMA line hovering near the current price reflects indecision, while the longer-term 60-SMA, sitting significantly higher at $0.7092, reinforces the presence of a persistent macro downtrend. Still, the tight price action and low volatility suggest an imminent breakout is in play.
The BBP (Bollinger Band Percent) currently prints at -0.0088, hinting at compressed volatility and a price trading slightly below its average range — often a precursor to explosive moves. Volume remains subdued at 46.4M, but this may indicate accumulation under resistance rather than a lack of interest.
Cardano Technical Price Analysis Today
If bulls maintain price stability above $0.60, this could build enough structural momentum to pierce the $0.65 level, a threshold that aligns with recent intra-range resistance.
In the broader market context, Bitcoin’s price forecast today leans neutral-bullish, showing range-bound strength above $83,000 in each of the last days of trading. This sets a supportive backdrop for ADA price outlook in the week ahead.
However, failure to hold $0.60 may expose ADA to cascading liquidations, potentially dragging price back toward $0.55. The week ahead will be crucial as volatility returns to the crypto majors.
SharpLink, a U.S.-listed company, has announced a $425 million PIPE (Private Investment in Public Equity) deal, with Consensys leading the investment. The agreement includes issuing around 69.1 million shares at $6.15 each, and the deal is expected to close by May 29. The company plans to use the funds to purchase Ethereum (ETH), making it its primary treasury reserve asset. This bold move highlights growing corporate interest in crypto as a long-term store of value and treasury diversification strategy.
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SharpLink, a U.S.-listed company, has announced a $425 million PIPE (Private Investment in Public Equity) deal, with Consensys leading the investment. The agreement includes issuing around 69.1 million shares at $6.15 each, and the deal is expected to close by May 29. The company plans to use the funds to purchase Ethereum (ETH), making it …
