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Crypto market crashed soon after Israel launched a major military attack on Iran in early Asian hours of Friday, with liquidations soaring to more than $1.1 billion. The global markets quickly turned to a risk-off sentiment, with Gold and oil prices surging. As another major geopolitical conflict escalates, markets are likely to see greater volatility
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Apple Inc. (NASDAQ: AAPL) is facing a turbulent landscape following the launch of its latest smartphone series, the iPhone 16.…
Pi Coin has seen significant price movement recently, experiencing a notable drawdown that brought it close to crucial support levels.
Despite this decline, the altcoin managed to hold its ground above a potential all-time low (ATL). Inflows from investors are now providing the much-needed momentum for Pi Coin’s recovery.
The current market sentiment for Pi Coin shows some positive signs. The Moving Average Convergence Divergence (MACD) indicator reveals that the bearish momentum has yet to gain strong traction.
A recent bullish crossover, accompanied by green bars on the histogram, suggests that Pi Coin still has the potential to recover. This is a crucial development, as it indicates that the altcoin could regain upward momentum, potentially avoiding a drop to its ATL.
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The macro momentum for Pi Coin is also showing signs of improvement, as indicated by the Chaikin Money Flow (CMF). The CMF has seen a sharp uptick, signaling an increase in inflows into the altcoin.
While the indicator is still below the zero line, the rising trend suggests that Pi Coin is regaining traction. This could be a critical factor in helping the altcoin maintain its price above the support levels and prevent it from falling to new lows.
Moreover, the growing investor participation in Pi Coin is a positive indicator of its recovery potential. As more investors show interest in the token, it could create a stable foundation for future price growth.
This influx of capital could also support the altcoin in breaking through resistance levels, leading to a potential price rebound.
Pi Coin’s price has decreased by 9.7% in the last four days, with the altcoin trading at $0.442 at the time of writing. It has recently approached the local support level of $0.440, which has been holding steady.
A key factor for Pi Coin’s recovery will be its ability to bounce off the $0.440 support and secure $0.450 as a new level of support. This could set the stage for a price rebound, pushing Pi Coin towards $0.493 and helping it regain the losses incurred over the past days.
However, if investor sentiment shifts from accumulation to selling, Pi Coin may face further downside risk. A breakdown below $0.440 could see the altcoin testing the all-time low of $0.400.
Pi Coin is currently just 9.6% away from this critical level, and if selling pressure mounts, it could reach the ATL once again.
The post Pi Coin Eyes Recovery As Investor Inflows Jump to 2-Week High appeared first on BeInCrypto.
The post Solaxy is Solana’s Rising Star as L2 Protocol Raises $26M: Best Crypto Presale? appeared first on Coinpedia Fintech News
A promising Layer 2 protocol called Solaxy ($SOLX) has captured attention by raising an impressive $26.8 million during its ongoing token sale.
In the same way that L2s such as Base have improved Ethereum’s throughput, Solaxy now promises to do the same for Solana, speeding up transactions and stopping network congestion.
Solaxy’s stunning presale, which is still ongoing, shows strong investor confidence in the project’s vision to help Solana maintain its position in the cryptocurrency world.
Blockchain networks face an ongoing challenge of balancing security, decentralization, and transaction throughput.
Despite Solana’s impressive processing capabilities compared to many competitors, periods of intense network activity (such as when $TRUMP launched) still create bottlenecks, resulting in delayed confirmations and occasional transaction failures.
Solaxy approaches this challenge through an architecture that processes transactions outside the main chain before bundling them together.
These streamlined validation mechanisms maintain security while improving speed, and reduce transaction costs across Solana.
This means Solaxy can help unlock Solana’s full potential, potentially creating billions in new economic value across the ecosystem.
With Solana currently valued around $65 billion, and Solaxy in its pre-launch phase, astute investors may recognize the potential value disconnect. Early participants can secure tokens at $0.001666, though this entry price increases in the next 24 hours as the offering advances.
Beyond potential price appreciation, the project offers a staking program currently yielding 152% annually, providing immediate benefits to participants. This rate will naturally decrease as more tokens enter the staking pool.
Cryptocurrency platform 99Bitcoins, with its 700,000+ YouTube subscriber base, recently featured Solaxy in its coverage. Analyst Umar Khan expressed particularly bullish sentiment, describing it as a “Solana gem” with the potential to multiply investment 100 times following its market debut.
This coverage from a respected industry voice provides the project with credibility and visibility, demonstrating its ability to resonate with serious cryptocurrency analysts.
After months of turbulent price action, cryptocurrency markets appear to be stabilizing. Solana specifically has posted a modest 1.4% gain over the past week, holding firmly at the psychologically important $125 level.
This price zone carries special significance as it marked the exact support level before Solana’s previous surge to its all-time high of $294.33 in January. Technical analyst Crypto Patel has identified this as “strong support” that could potentially launch Solana toward $500 as market conditions improve.
This stabilization is already benefiting Solana ecosystem projects, with Render and Bonk up 8% this week while Helium has grown 22%.
Given Solaxy’s targeted approach addressing a core infrastructure need and its relatively smaller market capitalization, the project appears uniquely positioned to outperform even these impressive gains during the next market cycle.
For those interested in the token offering, Solaxy provides multiple ways to get involved. Participants can use Solana-compatible wallets, Ethereum-compatible wallets, or direct credit card purchases.
The process begins at the official Solaxy website, where you select your investment amount and preferred payment method. After the presale concludes, tokens are available for claiming.
Regarding security concerns, the project has completed a comprehensive audit through Coinsult, which found no vulnerabilities or issues in the codebase, providing additional confidence for potential participants.
As Solana’s ecosystem continues expanding, Solaxy represents an infrastructure improvement that could dramatically enhance the network’s capabilities.
The post Solaxy is Solana’s Rising Star as L2 Protocol Raises $26M: Best Crypto Presale? appeared first on Coinpedia Fintech News
A promising Layer 2 protocol called Solaxy ($SOLX) has captured attention by raising an impressive $26.8 million during its ongoing token sale. In the same way that L2s such as Base have improved Ethereum’s throughput, Solaxy now promises to do the same for Solana, speeding up transactions and stopping network congestion. Solaxy’s stunning presale, which …