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Pi Coin is currently trading at $0.6404. It is still stuck below $1 and has dropped 33% over the last month. The Ichimoku Cloud, BBTrend, and EMAs also show no signs of strength yet.
If momentum does not return soon, Pi could see more downside before any recovery begins. The technical indicators show a mixed but slightly bearish picture. Most Oscillators, like RSI, Stochastic, and CCI, are neutral, while the MACD is bearish. But the momentum indicators are showing a buy, which shows early strength. The moving averages are also mostly bearish.
Pi is still under pressure, and it needs a breakout above $0.65–$0.70 to shift the trend in favor of bulls.
Source: Tradingview
Tough Week for PI?
According to CoinCodex, Pi Coin may face a tough week ahead. It is expected to fall the rest of the week up to $0.4848 by June 14. That would be a 23% weekly loss if no bullish catalysts emerge.
It is currently stuck in a bearish trend with the short-term EMA lines sitting below the long-term ones. This is a classic sign of continued downside, and if the bearish support grows, Pi may revisit key support zones. A breakdown there could push it below a critical level for the first time, leading to steeper losses.
On the flip side, if the buying picks up, it could rebound to the next major EMA resistance, sparking a 37% breakout rally. Analyst Moon Jeff, in a recent X post, wrote “Send $PI back to $1.2,” highlighting that this level marks a key resistance for Pi Coin. A breakout above this could be the start of recovery for the coin.
Despite Pi coin’s recent slump, the community remains hopeful ahead of the upcoming Pi Day 2 on June 28. Analyst Dr. Altcoin believes that a major update from the Pi Core Team could spark a price recovery. But if no major news drops, Pi risks sliding below its all-time low of $0.40.
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Pi Coin is currently trading at $0.6404. It is still stuck below $1 and has dropped 33% over the last month. The Ichimoku Cloud, BBTrend, and EMAs also show no signs of strength yet. If momentum does not return soon, Pi could see more downside before any recovery begins. The technical indicators show a mixed …
The weekly trade began with a huge bullish push, which uplifted the Bitcoin price above the horizontal consolidation. Meanwhile, the latest push suggests the market participants have become extremely bullish on Bitcoin, activating the target for the week at $100K.
Why is the Bitcoin Price Rising?
The Bitcoin bull run seems to have intensified as prices surged past $93,000 before the previous day’s close. Multiple reasons have triggered the rise, including the easing of the trade war between the US and China, Paul Atkins becoming the new SEC chair, and President Trump clarifying that Jerome Powell will remain the Fed Chair. These reasons could have triggered a strong upswing in the BTC price, due to which Bitcoin has now become the fifth-largest asset, surpassing Google.
The Global M2 supply has hit a new ATH, and as BTC price closely follows the M2 supply, a new ATH seems to be on the horizon. The growing certainty has also increased the optimism among the institutions, as the Bitcoin ETFS recorded their largest daily inflow in the past 3 months yesterday. The crypto markets, specifically Bitcoin, decoupling with US stocks and catching up with Gold, could be the main reason behind the institutional accumulation.
How High Can Bitcoin (BTC) Price Go?
The Bitcoin price has been maintaining a strong ascending trend regardless of the bearish influence on the token. The price has risen above a crucial resistance level, which has validated a flip from the bearish captivity. However, the technicals are yet to turn bullish, hinting towards a potential bull run on the cards.
The price surged above $88,500, and a daily close above this level suggested the beginning of a fresh bull run. The MACD levels are about to undergo a bullish crossover while the CMF is trying for a bullish divergence and rise from 0. This suggests the money inflow is slowly growing, which could positively impact the BTC price in the coming days.
The post Trump Triggers Bitcoin Rally Again—How High Will BTC Price Go This Bull Run? appeared first on Coinpedia Fintech News
The weekly trade began with a huge bullish push, which uplifted the Bitcoin price above the horizontal consolidation. Meanwhile, the latest push suggests the market participants have become extremely bullish on Bitcoin, activating the target for the week at $100K. Why is the Bitcoin Price Rising? The Bitcoin bull run seems to have intensified as …
The Leading Spans A and B, which comprise the momentum indicator, sit beneath FARTCOIN’s price, forming dynamic support levels at $0.68 and $0.59, respectively. For context, the altcoin trades well above these price points at $0.91.
This setup suggests that FARTCOIN remains in a strong uptrend, with the Ichimoku Cloud offering support in case of any pullbacks.
Traders often see this structure as a signal of sustained buying interest and market confidence. Therefore, as long as FARTCOIN’s price holds above these leading spans, bullish momentum will likely remain intact.
Further, the meme coin’s Relative Strength Index (RSI) remains below 70, which means it has not yet hit overbought conditions, leaving room for further upside. At press time, this indicator, which measures an asset’s oversold and overbought market conditions, is at 68.38.
This RSI reading signals that FARTCOIN is approaching overbought territory but has not crossed the 70 threshold yet. It suggests strong bullish momentum and hints at further price gains before buyers’ exhaustion hits.
FARTCOIN Eyes Major Upside, But Sell Pressure Could Trigger Price Pullback
FARTCOIN’s current position above its Ichimoku Cloud signals that it has not just broken through key resistance levels but is now trading firmly in bullish territory. This indicates a clear shift in market sentiment, with buyers stepping in aggressively to support the rally.
If bullish pressure remains, FARTCOIN could continue its rally and climb toward $1.16.
However, a resurgence in profit-taking activity could invalidate this bullish projection. If sell-side pressure spikes, FARTCOIN could shed some of its gains and fall to $0.74.
If the support floor fails to hold, FARTCOIN risks plunging below the Ichimoku Cloud to exchange hands at $0.19.