Pi Coin, once a rising star in the crypto space, has faced significant setbacks recently, with its price plummeting nearly 80% from its peak of $3. This drop has raised concerns about the project’s legitimacy, liquidity, and exchange support.
The suspension of Pi trading on BitMart a month ago, due to pending KYB (Know Your Business) approval for 1:1 Pi swaps, has particularly hindered its accessibility.
BitMart Resumes Pi Coin Trading
Pi Coin resumes trading on BitMart. Crypto expert Dr. Altcoin shared that this move could help the Pi Coin price recover and potentially reach the $1 mark. Additionally, an official KYB approval for BitMart might be on the horizon, which could further bolster investor confidence in Pi’s future.
Banxa, a major fiat on-ramp provider, recently suspended Pi Coin transactions, citing pending KYB approval. This move has reduced liquidity and created additional hurdles for users looking to buy Pi Coin with fiat.
Dr. Altcoin noted that despite this setback, Banxa had previously purchased millions of Pi at a low price and could return stronger once the approval is granted. This potential rebound could also coincide with a price surge, raising optimism among Pi investors.
Pi Network Exchange Listing
While Pi Network has garnered attention, its absence from major exchanges such as Binance, Coinbase, and Kraken has significantly limited its exposure and demand.
The listing speculations are growing, with the Pi logo recently appearing in a post on HTX’s platform, fueling rumors of a potential listing.
These moves, though promising, aren’t enough to fully lift the project’s visibility and trading volume on the global stage.
Ethereum price surged by 5% on Wednesday, reaching $2,050 for the first time in ten days. With mutiple news catalysts alligning with massive short liquidations, how high can ETH prices go?
Ethereum (ETH) retakes $2,000 after 10-days amid Fed rate pause and SEC news on Ripple
Ethereum’s price surged by 5% on Wednesday, reaching $2,050 for the first time in ten days. This uptick coincided with the U.S. Federal Reserve’s recent policy decision and the conclusion of Ripple’s legal battle with the Securities and Exchange Commission (SEC), events that have significantly impacted the cryptocurrency market.
The Federal Reserve announced a pause in interest rate hikes, maintaining the current rates amid stable economic indicators. This decision has been perceived positively by investors, leading to increased confidence in riskier assets, including cryptocurrencies like Ethereum.
Ethereum Price Action | CoinMarketCap
In a parallel development, Ripple’s CEO, Brad Garlinghouse, confirmed that the SEC has dropped its case against the company. The lawsuit, initiated in December 2020, alleged that Ripple’s XRP token was an unregistered security. The dismissal of this case has been viewed as a significant win for the broader cryptocurrency industry, alleviating regulatory uncertainties that have previously hindered market growth.
More Bullish Signals Appear as ETH Short Traders Emerge Biggest Losers
Aside from the latest Federal Reserve decision and Ripple’s SEC victory boosting altcoin market demand, Ethereum has formed internal bullish catalysts. Over the past week, the Ethereum network successfully implemented two key upgrades: the Pectra Upgrade and the Hoodi Update.
These technical improvements have strengthened investor confidence, helping ETH surpass the $2,000 resistance level on Wednesday.
Crypto market liquidation heatmap, March 19, 2025 | Source: Coinglass
According Coinglass’ latest derivatives crytpocurrency market data suggest further upside potential.
According to the liquidation heatmap, Ethereum saw $86.58 million in total liquidations over the past 24 hours, with short traders suffering the most at $72.62 million. This accounted for a significant 25% of total market-wide liquidations, indicating a short squeeze that fueled ETH’s breakout.
With ETH short traders emerging as the biggest losers, it signals that short sellers are closing their positions at a rapid pace. This has two key implications. First, it suggests that bears are conceding the $2,000 resistance level, reducing downward pressure on ETH.
Second, as ETH advances above $2,050 and stabilizes at $2,067 at press time, many traders who previously placed short positions around key resistance levels have exited. With weaker resistance ahead, ETH could rise rapidly if positive macro sentiment surrounding the Fed’s rate pause persists.
Ethereum Price Forecast: Bulls Need $2,100 Breakout to Confirm Next Move
ETH price surged past $2,036, gaining 5.43% as bullish momentum accelerated following positive macroeconomic swings and successful network updates. Ethereum price forecast indicators on the daily chart reveals that ETH is trading above the 20-day moving average, signaling a potential short-term bullish reversal. The recent price action also aligns with the VWAP level of $2,009, further validating the strength of this rebound. A decisive close above $2,100 could open the door for a continuation toward the next resistance level at $2,373, as indicated by the upper Keltner Channel boundary.
Ethereum Price Forecast
However, despite the bullish momentum, Ethereum remains under a looming “death cross” overhang, where the 50-day moving average trends below the 200-day moving average, signaling a long-term bearish risk. Additionally, while short-term resistance may have weakened due to the massive $72 million in ETH short liquidations recorded Wednesday, the broader trend remains uncertain. If ETH fails to break and hold above $2,100, a rejection could trigger a retest of lower support around $1,927, potentially extending losses toward $1,801.
For now, bulls need to establish control above $2,100 to confirm sustained upside potential. A breakout beyond this level could drive ETH into a new uptrend, while failure may see renewed selling pressure in the coming days.
Ever since the crypto markets have shown some stability, altcoins like Avalanche have refrained from maintaining a descending trend. Although the bears are restricting the rally below a pivotal resistance, a tight accumulation could result in a massive breakout. The AVAX price is currently trading at $22.19 while displaying a strong long-term growth potential, mainly due to the platform’s expanding technology, ecosystem, and adoption, despite ongoing volatility and recent bearish trends.
Looking at the price performance in the last 12 months, the AVAX price has experienced pronounced price swings. The price displayed massive volatility throughout 2024 and surged above $50 just before the close. Meanwhile, the bears intensified their action, causing not only a bearish yearly close but also a bearish start to 2025 that persists to date. Although the price has halted extended bearish action, the failure of bulls to surpass an important zone at $25 causes concerns for the upcoming price action.
The weekly chart of AVAX displays a strong presence of the bulls as they have defended the lower crucial support below $10. Moreover, the latest rebound from a strong trend reversal zone around $15 has validated the presence of bulls. Interestingly, the price is consolidating along the neckline of the double-bottom pattern while a similar pattern is in the making. if it breaks the pivotal resistance at $22.67, which could occur anytime from now,. However, the Gaussian channel has turned bearish in the weekly chart, with the Bollinger bands squeezing, indicating a drop in volatility.
Therefore, the upcoming monthly close can be the turning point for the Avalanche price as a rise above the resistance and trigger a strong bull run to $50, including a small retracement or correction. Besides, the open interest and market capitalization have risen significantly, which indicates the growing investor confidence. However, the technical analysis shows a mixed picture, suggesting a short-term pullback. Moreover, while the key indicators like CRSI indicate oversold conditions, they hint at a potential bullish reversal.
The post Avalanche Poised for a 250% Upswing—Here’s the AVAX Price Prediction for 2025 appeared first on Coinpedia Fintech News
Ever since the crypto markets have shown some stability, altcoins like Avalanche have refrained from maintaining a descending trend. Although the bears are restricting the rally below a pivotal resistance, a tight accumulation could result in a massive breakout. The AVAX price is currently trading at $22.19 while displaying a strong long-term growth potential, mainly …
After a steep fall to $0.40 earlier this week, the Pi Network price bounced back to $0.60 levels, with its market cap above $4.1 billion. However, on-chain data shows that investors’ interest in the Pi Coin is waning quickly, with daily trading volumes dropping another 44% to $158 million. Analysts point out that the increasing supply of PI tokens at the exchanges can further dampen the upside and could put the ecosystem growth in the shadows.
Why Is Pi Network Investor Sentiment Down
Pi Network community member Edycabas recently shared his take on the collapse of transaction activity on the blockchain. He noted that the Pi blockchain is underwhelming, reportedly processing less than one transaction per second, despite years of promotion suggesting thousands of transactions per block during its Open Mainnet phase.
Source: Edycabas
Responding to this, another community member, Dr Altcoin, noted that the blockchain itself remains operationally robust, boasting a 99.5% transaction success rate and averaging 20 transactions per block. “The real issue lies in transparency concerns surrounding the co-founders, which continue to deter major investors and centralized exchanges (CEXs),” he said.
Besides, Dr Altcoin also shared aspirations for the Pi Network price to reach a minimum token value of $10, which, as per the analyst, would significantly boost engagement with decentralized applications (DApps) and broader adoption. Dr Altcoin has also previously suggested for Pi token burns to boost the Pi Coin price higher.
Pi Coin Core Team Lacks Transparency
Dr. Altcoin has also questioned the Pi Network co-founders’ reluctance to engage publicly, urging them to address the community and investors. “Why do the co-founders avoid interviews?” Dr. Altcoin asked, adding that the “Pi Community has kept this project alive for years, and it deserves greater recognition”.
Dr. Altcoin stressed that co-founders Nicolas Kokkalis and Chengdiao Fan must step up to showcase the project’s potential to prevent the token from declining further, warning of a possible Pi Coin price dip below $0.30 in the coming week.
Crypto analyst Dr. Altcoin has issued a statement predicting significant activity on centralized exchanges (CEXs) as unlocked Pi tokens flood the market. Starting next week, an average of 134 million Pi tokens will reportedly enter circulation monthly.
