The price of Pi Coin (PI) has slipped below the key $0.60 level, falling by over 3% in the past 24 hours. On a 30-day timeframe, the token has recorded a -15% decline, making it one of the few major cryptocurrencies trading in the red this month.
While this downward trend has raised concerns among holders, some traders are starting to wonder if this dip could actually be a strategic buying opportunity. Since mid-April, Pi Coin has been trading sideways in a narrow range between $0.59 and $0.67, and with the current price now testing the lower boundary at $0.58, the market could face further downside risks if it breaks below this support.
The big question circulating in the community right now: can Pi Coin climb back to $3?
Despite the recent price pressure, there are a few positive developments stirring excitement among Pi supporters:
BitMart has officially resumed trading for Pi Coin, bringing back much-needed liquidity to the market.
Banxa, a fiat-to-crypto payment platform, is reportedly creating thousands of new accounts, signaling growing interest in Pi.
HTX (formerly Huobi) is teasing Pi Coin activity on its platform, hinting at possible future support.
And perhaps most notably, Pi Network founder Dr. Nicolas Kokkalis is set to be a keynote speaker at the Consensus Summit in Toronto in May 2025 — a major event for the global crypto industry.
According to crypto influencer Dr. Altcoin, these updates could mean one thing for Pi’s price outlook: bullish momentum might be building.
For now, all eyes are on whether Pi Coin can hold its support at $0.58 — or if these positive signals can help spark the next rally.
Dogecoin price holds steady above $0.16, showing resilience amid Tesla’s $30B stock decline and broader market volatility this week.
Dogecoin Price Stabilizes as Tesla Loses $30 Billion Amid Trump’s Tariff Shock
Dogecoin (DOGE) has stabilized above the $0.16 level, showing notable resilience despite broader volatility in the crypto and equity markets.
After briefly dipping to $0.12 last Wednesday, following former President Donald Trump’s surprise announcement of sweeping tariffs, DOGE rebounded and currently trades 4% higher from that weekly low.
Dogecoin price action, April 6 | Source: CoinMarketCap
DOGE resilient price performance aligns with a broader trend: top cryptocurrencies increasingly decoupling from the volatility that plagues traditional equities and commodities.
Tesla Takes $30 Billion Hit as Elon Musk Faces Political Pressure
Tesla (TSLA) stock has emerged as one of the most heavily impacted assets in the wake of Trump’s trade announcement. U.S. equities suffered a dramatic selloff, with the Dow Jones Industrial Average plunging over 3,000 points and the S&P 500 falling by 8% within five trading sessions.
As expected, Tesla (TSLA) stock price took a major hit due to Elon Musk’s prominent role in the Trump administration’s newly-formed Department of Government Efficiency.
Tesla (TSLA) stock loses $30B after Trump’s tariff, April 6 2025 | Source: NASDAQ
With the electric vehicle giant thrust into political and economic crossfire, Tesla shares currently trade at $239, down 4% on the week and 10% over the past 30 days.
At a current market cap of $750 billion, over $30 billion in shareholder value has been erased since the tariffs were announced.
Is Dogecoin Price Finally Decoupling from Elon Musk’s Influence?
Against this backdrop, Dogecoin’s stability above $0.15 has raised questions: is DOGE beginning to decouple from Elon Musk’s influence?
1. Musk’s Influence on DOGE Is Fading
Elon Musk, long seen as a de facto mascot for the Dogecoin community, has historically had influence over DOGE price action.
In past years, events such as Tesla’s earnings calls, SpaceX launches, and even cryptic tweets from Musk often triggered short-term rallies in DOGE price.
But recent events suggest a shift in sentiment. In January 2025, DOGE price briefly tested yearly timeframe peaks above $0.40 after Musk’s government office teased a DOGE logo on its official site.
Speculation quickly spread that Dogecoin might be adopted for government-related transactions. However, Musk personally clarified last week that the administration has “no current intention” of adopting DOGE for official use—promptly quashing those rumors.
Another key factor behind Dogecoin’s decoupling from Elon Musk’s influence is Trump’s private crypto interests In March, the administration announced its “Crypto Strategic Reserve,” which conspicuously excluded Dogecoin. The move was seen by many as a sign that DOGE would not receive institutional or governmental support.
Adding to the sentiment, Trump launched his own memecoins—TRUMP and MELANIA—during his inauguration.
These tokens, alongside WLFI, a pro-Trump crypto PAC, have since dominated the altcoin narrative, effectively crowding out Dogecoin from the political meme coin arena.
This exclusionary stance diminishes the likelihood that Dogecoin will receive direct endorsements or adoption from the current administration, despite Musk’s presence within it.
3. Dogecoin Remains Insulated from Tesla’s Trade War Risk
Dogecoin’s price resilience also stems from its insulation from the economic risks now weighing on Tesla.
While Tesla faces serious exposure to retaliatory tariffs from major trade partners like China and Canada—threatening its supply chain and Q2 earnings—Dogecoin operates independently of such traditional business cycles.
The memecoin’s lack of ties to physical goods, manufacturing, or logistics shields it from geopolitical shocks that affect multinational corporations.
As a result, DOGE appears increasingly insulated from Tesla’s financial performance and the broader trade war fallout.
DOGE Price Forecast: $0.15 support cluster must Withstand Short-term Risks
Dogecoin’s stable price action this week, despite Tesla losing $30 billion in market value, signals a maturing market dynamic. Investors are beginning to view DOGE as an asset less exposed to Elon Musk’s influence and more driven by its own market fundamentals.
From a technical standpoint the current Dogecoin price forecast signals lean neutral-to-bearish.
After a brief 5.14% recovery over three sessions the two consecutive red candles that followed now put the immediate support at $0.15 at risk.
Since closing Friday at $0.16, Dogecoin struggles to hold above the 20-day EMA resistance at $0.17. This rejection at the moving average signals insufficient buying pressure to drive the next leg-up.
Dogecoin price
Beyond that, Dogecin trading volumes remains flat at 402.82 million DOGE, showing weak conviction from bulls.
The True Strength Index (TSI) also slipped to -0.82, a clear sign of continued bearish momentum. With TSI below the zero line, a downside continuation is likely if demand doesn’t resurface soon.
If bears push below $0.15, the next downside target lies at $0.142—where DOGE last found support on April 3. On the upside, bulls must reclaim the $0.17 level to target the stronger resistance cluster between at $0.20, near the 50-day EMA.
Ross Ulbricht, founder of the defunct Silk Road darknet marketplace, has raised over $1.3 million worth of Bitcoin through the sale of personal and prison-related items.
The auction, held via Scarce City, coincided with his appearance at the Bitcoin 2025 conference—his first public event since being released from prison earlier this year following Donald Trump’s presidential pardon.
Silk Road Founder Makes Public Comeback
The items up for sale included his prison-issued ID cards, clothing, paintings, and handwritten notes. His 2024–2025 prison ID fetched the highest bid at 5.5 BTC, while the full set of three IDs sold for a combined 7.5 BTC, valued at over $780,000 at the time.
Ross Ulbricht’s Prison Memorabilia. Source: Scarce.city
Other memorabilia included a notebook sold for 1.06 BTC, three prison paintings that brought in a total of 2.41 BTC, and clothing such as his prison sneakers and sweatsuit, which sold for 0.54 and 0.51 BTC, respectively.
Ulbricht also parted with personal belongings from before his arrest, including a djembe drum, a backpack, and a sleeping bag. In a statement shared on the Scarce City auction platform, he explained that these items represent a chapter he is now ready to leave behind.
“I’ve left Arizona, the state where I was in prison. It’s time to travel. That means downsizing and turning the page. I’ve decided to auction some personal items from before my arrest and during my time in prison. I don’t need the reminders and I’m sure some of you will love to have them,” Ulbricht said.
The Silk Road founder also highlighted the values he believes should shape the next phase of crypto development, including freedom, decentralization, and unity.
“When it comes to freedom, we’re not there yet. There’s still more freedom to be won,” Ulbricht stated.
Ulbricht’s presence at the event signals a renewed effort to participate in the crypto space, albeit from a different vantage point.
Solana (SOL) has struggled to maintain upward momentum in recent weeks. Although the cryptocurrency showed signs of an uptrend, it is now facing challenges due to declining demand for SOL.
The market environment is also deteriorating, which is contributing to the struggles. At $129, Solana is stalled below the key $135 barrier. There is no clear indication of a breakout in sight.
Solana Struggles To Find Demand
The Velocity of Solana has fallen to a 5-month low, signaling weakening demand. Velocity measures the rate at which an asset is circulated within the market. Solana’s current circulation levels are on par with those seen in October 2024, a clear indicator that the cryptocurrency is losing traction.
The drop in Velocity suggests that fewer investors are actively trading SOL, further adding to the bearish sentiment surrounding the token. This lack of demand makes a recovery increasingly difficult, as it implies that traders are hesitant to enter the market.
The ongoing low demand for SOL further confirms a bearish outlook. Many investors are likely waiting for a more favorable environment before committing to new positions, which could delay any potential recovery as the token struggles to attract fresh capital.
Analyzing the 2-week Market Value to Realized Value (MVRV) Ratio, a key metric that tracks the average profit or loss of recent buyers, reveals that the ratio is currently below the zero line. This suggests that investors who purchased SOL within the last two weeks are now facing losses.
This situation could lead to one of two scenarios: either investors hold their positions, hoping for a price recovery, or they sell to cut their losses.
If the latter occurs, increased selling pressure could push the price lower and potentially invalidate any attempts at recovery. In this scenario, the market would likely remain bearish until sentiment shifts.
Solana is currently trading at $130, struggling to break through the critical $135 resistance. While there has been a short-term uptrend, the likelihood of SOL breaching this level seems low. This suggests that the price could remain range-bound for the near future.
The combination of low demand and weak market sentiment points toward a potential decline. Solana may fall through its uptrend support line, with the next significant support levels lying at $125 and potentially $118.
This scenario would delay any recovery, pushing the token further into a bearish trend.
On the other hand, if Solana manages to break through the $135 resistance, the altcoin’s price push toward $148. A sustained move above this level could propel SOL to $150, invalidating the bearish outlook.
