Circle has formally applied for a banking license after its successful IPO, seeking to provide custodial services for itself and institutional clients. The US trust bank license application precedes an incoming robust stablecoin regulation as ecosystem activity heats up. Circle Applies For Trust Bank License According to a Reuters report, stablecoin issuer Circle is seeking
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.
The entire crypto market is tumbling under rising geopolitical tensions and economic uncertainty, pulling its valuation down to $3.2 trillion with a modest 1.10% dip in the past day. A sudden 42% spike in trading volume hints at panic moves, while the Fear & Greed Index sits at 43, marking a neutral but uneasy mood. Bitcoin is trading at $103,491, down 0.94% with a daily low of $102,372. Moreover, a 38% spike in volume to $50.25B signals heavy trading, but not clear bullish momentum.
Despite the bearish clouds, a popular analyst, Nathan from Investing Made Simple, says the Bitcoin bull market is far from done, and the best is yet to come. In his latest video, he laid out three distinct models that all point to one target: a parabolic move to $200,000 or more by the end of 2025.
Three Data-Backed Models Point $200K Target
The analyst first broke down Bitcoin’s historical cycle returns, noting that after every bear market low, BTC typically experiences exponential growth. From the 2022 bottom of $15,500, a 10–15x return places the top somewhere between $140,000 and $210,000, in line with previous cycles, though slightly more conservative due to market maturity.
The second method used Bitcoin’s last all-time high of $69,000 as a baseline, applying the common bull market pattern of 2–3x gains from that peak. Again, this results in a target range of $140,000 to $210,000.
Finally, he introduced the Power Law Model, which tracks Bitcoin’s price trajectory against time using logarithmic growth. This model not only suggests a peak around $210,000 but also forecasts the final blow-off phase to occur between October and December 2025, similar to what we’ve seen in past cycles.
While Bitcoin price may grab the headlines, the analyst emphasized that altcoins could be the real winners in the final leg of the bull market. Historically, the last quarter of a cycle, when Bitcoin enters its parabolic phase, is when altcoins truly explode, often outperforming BTC by several multiples.
The analyst also hinted that top-tier altcoins like Ethereum, Solana, and Avalanche could deliver massive returns, especially if money flows from Bitcoin into more speculative assets, as it typically does near cycle tops. Even mid- and low-cap coins could rally 10x to 20x, but the analyst warns this phase is usually short-lived, sometimes lasting just a few weeks.
He added that timing will be key, and investors sitting on the sidelines too long may miss out on the most profitable window of the entire cycle.
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The entire crypto market is tumbling under rising geopolitical tensions and economic uncertainty, pulling its valuation down to $3.2 trillion with a modest 1.10% dip in the past day. A sudden 42% spike in trading volume hints at panic moves, while the Fear & Greed Index sits at 43, marking a neutral but uneasy mood. …
A new chapter for Solana (SOL) is unfolding as excitement grows around a possible new investment product in the US market. Rex-Osprey’s CEO, Gregory King, has allegedly confirmed that his firm’s Solana staking ETF will launch on July 2, becoming the first of such a fund to roll out. REX-Osprey to Launch First Staking-Enabled Solana