Circle, the company behind the $62 billion USDC stablecoin, has received in-principle approval from Abu Dhabi Global Market’s Financial Services Regulatory Authority. This approval allows Circle to operate as a money services provider in the UAE, marking a major step in its Middle East expansion. The announcement comes shortly after Circle launched a new payments network to grow USDC adoption. Meanwhile, the firm remains in a quiet period following its IPO filing in the United States.
US President Donald Trump has continued to pressure Fed Chair Jerome Powell and the committee to lower rates from the benchmark 4.25% to 4.5%. This time around, the president has gone as far as sending a handwritten note to Powell, which contained a breakdown of how other countries have lower rates, in a bid to
Pi Network (PI) is entering May with mixed technical signals. Momentum indicators point to a strong downtrend, while money flow hints at potential accumulation. The ADX has surged above 50, signaling a powerful bearish trend.
At the same time, the Chaikin Money Flow (CMF) has turned positive for the first time in weeks, suggesting early signs of renewed buying interest. However, with short-term EMAs still trending below long-term ones, PI must hold key support at $0.547 to avoid deeper losses.
Pi Network Enters Strong Downtrend as ADX Spikes Above 50
At the same time, the breakdown of directional indicators suggests that the dominant trend is bearish.
The +DI, which measures upward movement, has dropped sharply from 15.88 to 4.61, while the -DI, which tracks downward movement, has climbed significantly from 23 to 45.
This widening gap between the +DI and -DI reinforces the view that Pi Network is in a strong and accelerating downtrend. Unless buying pressure returns soon, the technical indicators suggest further downside may be ahead.
PI CMF Hits Highest Level Since Mid-April
Pi Network’s Chaikin Money Flow (CMF) has climbed to 0.06, up from -0.08 just one day ago, marking its highest level since April 14.
The CMF is a volume-based indicator that measures the flow of money into or out of an asset over a specified period. It ranges between -1 and +1, with values above 0 indicating buying pressure (accumulation) and values below 0 signaling selling pressure (distribution).
Sustained readings in positive territory often suggest that market participants are starting to accumulate the asset.
With PI’s CMF now at 0.06, this shift signals a potential change in sentiment, showing that more capital flows into the token after a period of outflows.
While the level is still relatively low, the move into positive territory and its multi-week high could suggest that bearish momentum is weakening.
Pi Network Faces Key Support Test as EMA Structure Remains Bearish
Pi Network is currently in a bearish technical setup, with its short-term Exponential Moving Averages (EMAs) sitting below the long-term EMAs—a structure that typically signals ongoing downward momentum.
The token has dropped over 12% in the past seven days, reflecting increased selling pressure. If the correction continues, PI may soon test the immediate support level at $0.547.
A breakdown below that could open the door to a deeper decline toward the $0.40 range.
Bitcoin may face three potential trend scenarios in the future, with the most optimistic one forecasting a surge to $150,000 to $175,000 within the next 12 months.
This prediction is supported by factors such as a strong influx of institutional capital and positive investor sentiment following the Trump administration’s plans to establish a national Bitcoin reserve.
Positive Forecasts from Experts and Market Signals
The Bitcoin Composite Index currently stands at ≈ 0.8 (80%). Based on this indicator, AxelAdlerJr outlined three possible scenarios.
In the most optimistic scenario, BTC’s price could reach $150,000 to $175,000, following the cyclical logic of 2017 and 2021. This would occur if the Bitcoin Composite Index surpasses 1.0 and remains above that level.
If the ratio stays within the 0.8–1.0 range, the market would likely consolidate in a broad corridor between $90,000 and $110,000, indicating that participants are maintaining positions without increasing exposure.
Alternatively, if the ratio drops to 0.75 or below, short-term holders may start taking profits, potentially leading to a price correction to $70,000–$85,000. However, AxelAdlerJr notes that this scenario is less likely than the other two.
The return of YoY True MVRV to positive territory means that the average purchase price of all coins acquired over the past year is now below the current market price. The pressure from panic sellers is decreasing – many are now in profit and don’t need to lock in losses. Holder… pic.twitter.com/6AgvVVTn9h
On-chain signals further bolster the bullish outlook. According to Coinglass, over the past 7 days, approximately 42,525.89 Bitcoins were withdrawn from centralized exchanges (CEX), reducing the supply on exchanges to a 7-year low of about 2.48 million BTC.
The trend of Bitcoin withdrawals from exchanges is often seen as a positive sign, as it indicates investor accumulation and reduced selling pressure, paving the way for price growth.
Bitcoin’s 7-day volatility has also hit its lowest level in 563 days. Low volatility typically signals a period of accumulation before a price breakout, as observed during past major rallies, such as in 2020 before Bitcoin peaked at $69,000.
Technical analysis also supports Bitcoin’s bullish scenario. According to a post on X by Ali, Bitcoin’s key support levels are at $93,198 and $83,444, indicating strong consolidation above these thresholds.
If Bitcoin sustains above $93,198, the likelihood of continuing its upward trend to reach the $150,000 target becomes highly feasible.
“The most critical support levels for #Bitcoin $BTC are $93,198 and $83,444. Key zones to watch if momentum shifts,” Ali shared.
Moreover, Breedlove22, a well-known analyst, shared on X about three indicators signaling optimism for Bitcoin. The first is the Average Miner Cost of Production. According to Breedlove22, this metric is at a bottom, suggesting a significant bull market may be on the horizon.
Average Miner Cost of Production. Source: Breedlove22
The second indicator is the supply held by long-term holders, which measures Bitcoin unmoved on-chain for at least 155 days. Breedlove22 noted that over the past 30 days, long-term holders have acquired an additional ~150,000 BTC.
“Bitcoin is running out of sellers in the $80,000 to $100,000 range,” Breedlove22 stated.
Lastly, and most importantly, is USD liquidity, which effectively represents the “demand” side of the equation. More dollars in the system mean more potential bidders.
“And it’s not just USD liquidity that’s increasing – liquidity of all fiat currencies is on the rise, and Bitcoin is a global asset,” Breedlove22 added.
Echoing Breedlove22’s perspective, another X user shared that BTC’s valuation based on hash rate is at a support level, suggesting that a local bottom may have been reached.
In the optimistic scenario, Bitcoin is poised for a significant opportunity to reach $150,000 to $175,000. However, investors should also prepare for risks such as short-term price corrections.
With strong support levels at $93,198 and $83,444, Bitcoin has a solid foundation for continued growth, but caution remains essential.
Adler Jr (@AxelAdlerJr) 
