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.
The US has lifted sanctions against crypto mixer Tornado Cash but the procedure has drawn widespread criticisms. Coinbase Chief Legal Officer (CLO) Paul Grewal has taken swipes at the US Treasury for its “botched” attempt at waiving the need for a final judgment.
Coinbase CLO Pokes Holes In US Treasury’s Latest Court Filing
In a strongly worded post on X, Coinbase CLO Paul Grewal railed against the US Treasury’s handling of Tornado Cash’s delisting from the sanctions list. According to Grewal’s disclosure, the US Treasury filed a pleading to moot the need for a final judgment on the matter.
In legal terms, a party to dispute can apply to moot a final judgment, arguing that the issue at hand is no longer significant or actionable. Following Tornado Cash’s removal from the Specially Designated Nationals and Blocked Persons (SDN) list, the US Treasury’s latest filing seeks to waive a final judgment on the case. Tornado Cash users have been in court, challenging the US Treasury’s decision to place the mixer on the SDN list.
However, Grewal argues that the filing runs contrary to established legal processes in the US. He notes a proper filing follows only if the defendant can show that the “practice cannot reasonably be expected to recur.”
The Coinbase CLO cited several legal precedents involving law enforcement agencies removing sanctions and not moving a case. He argues that without a final court judgment, law enforcement can review their decision to impose fresh sanctions at a future date.
“Treasury has likewise removed the Tornado Cash entities from SDN, but has provided no assurance that it will not re-list Tornado Cash again,” said Grewal.
A Protracted Legal Battle Against Authorities
The road toward the lifting of Tornado Cash’s sanctions was long and winding. A raft of Tornado Cash users headed to court to protest the placing of the mixer on the SDN list. US authorities say the mixer played a principal role in laundering nearly $500 million worth of stolen digital assets by North-Korean backed Lazarus Group.
After notching a series of small wins in Court, Grewal criticized the US Treasury for failing to comply with a court ruling clarifying the status of Tornado Cash’s smart contract. The court ruled that the smart contract did not form property under the IEEPA as it is non-erasable.
Tornado Cash has received support from Coinbase with the Ethereum Foundation supporting the legal defense of lead developer Alexey Pertsev.
Solana (SOL) is gaining significant momentum again, both on-chain and in price action. The network is nearing a major milestone of 400 billion total transactions. In the last seven days, SOL has surged over 12% and reclaimed the $150 level for the first time since early March.
From its cycle low of $9.98 in January 2023, Solana has soared over 1400%, backed by growing adoption across its ecosystem. With bullish technical signals, thriving apps like PumpFun and Jito, and talk of a potential run toward $500 in 2025, Solana is once again cementing its place as a top performer in the market.
Solana Network Nears 400 Billion Transactions
Solana is nearing a major milestone. It is less than 2 billion transactions from hitting the 400 billion mark.
This comes as SOL’s price gains fresh momentum, rising over 12% in the past week and breaking above $150 for the first time since March 2, with its DEX trading volume reaching almost $16 billion in the last seven days, more than any other chain.
Since bottoming at $9.98 on January 1, 2023, Solana has skyrocketed by an incredible 1412%, becoming one of the top performers of the current cycle.
But it’s not just price action—this cycle has also brought an explosion of real adoption to the Solana ecosystem. Apps like PumpFun, launched just last year, have quickly become among the most profitable in crypto.
Meanwhile, core protocols like Raydium, Meteora, and Jito continue to generate millions in monthly fees, highlighting the network’s growing utility and economic strength.
The RSI is a momentum oscillator ranging from 0 to 100, used to evaluate whether an asset is overbought or oversold. Readings above 70 typically suggest overbought conditions, often preceding a pullback, while values below 30 indicate oversold levels and potential buying opportunities.
With SOL’s RSI now sitting at 64.51, it points to continued bullish sentiment without being overstretched.
This level allows for further upside if momentum builds again, but traders will be watching closely to see if the RSI can climb back toward the overbought zone—or if selling pressure starts to mount.
Will Solana Reach $500 in 2025?
The Solana price is trading within a tight range. It faces resistance at $152 and holds support at $147.60.
Its EMA lines remain bullish, with short-term averages above long-term ones, signaling that the broader uptrend is still intact.
If the $152 resistance is broken, SOL could climb toward $160, and with sustained momentum, even target $180.
Looking further ahead, if Solana regains the momentum it had at the end of 2023 and throughout early 2024, it could retest its all-time high of $256 and potentially push toward $300 in the first half of 2025.
Should the overall crypto market recover in the second half and Solana continue leading in DEX volume and developer activity, the $500 mark becomes a realistic long-term target.
However, on the bearish side, a loss of the $147.60 support could open the door for a correction toward $124 or even $112 if the downtrend accelerates.
