SUI Price Prediction: SUI Price Poised for a 50% Upswing; Can it Reach $10 in 2025?

Monicah W

The post SUI Price Prediction: SUI Price Poised for a 50% Upswing; Can it Reach $10 in 2025? appeared first on Coinpedia Fintech News

After surging by more than 66%, following a breakout from the falling wedge, the SUI price is consolidating strongly and preparing for the next price action. Besides, the platform is about to experience one of the biggest unlocks, which is expected to kick off volatility. Many believe that the SUI is displaying a similar intensity to that Solana displayed just before the 2021 bull run. If things go in its favor, the SUI price appears to be at the foot of a massive explosion that may elevate the levels to a double-digit figure. 

The crypto space is expected to witness a couple of token unlocks this week, which are expected to shake the entire market. One of the popular memecoins, TRUMP, is expected to witness an unlock of $7.35 million worth of tokens per day this week, while SUI has the largest. The foundation is about to unlock nearly $200 million worth of tokens. A huge number of tokens are expected to flood the market, due to which the volatility is expected to increase. 

Now that the SUI price has been facing equal bullish and bearish pressures for the past few days, here’s what’s next for the popular crypto.

The weekly chart of SUI flashes massive bullish signals as the token is about to begin the third phase of its bull run. The price has displayed a similar price action in early 2024 and also at the end of the year. Interestingly, the price has broken out of the falling wedge, and if it repeats the previous action, the SUI price is expected to go 4x or 5x rally to mark a new ATH. Besides, the weekly MACD, which displays a drop in the selling pressure, is about to undergo a bullish crossover. 

This substantiates a bullish claim, as the SUI price is displaying a similar pullback as it did before triggering a rise to a new ATH at around $5.32. The current trade setup suggests the price may rise above $4 in a short while, probably soon after the token unlock, which may attract significant bearish action, dragging the price close to $3. However, the rebound that could follow may initiate a fresh bull run towards a new ATH, somewhere above $7. 

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Expert Calls On Pi Network To Burn Tokens To Revive Pi Coin Price

Expert Calls On Pi Network To Burn Tokens To Revive Pi Coin Price

After Pi Network lost over 20% over the last week, analysts are mooting suggestions to save Pi Coin from slipping further. Pi Network enthusiast Dr Altcoin says the PiCoreTeam can inject new life in the short term by burning a considerable amount of Pi Coins.

Pi Network Has To Burn Pi Coins As A Quick Fix For Falling Prices

As the Pi Network price threatened to fall to $0.3, an expert has waded in to share solutions to stave off the decline. Community member Dr Altcoin opines that investors have to come to terms with the current reality of the network amid the steep decline.

According to an analysis on X, Dr Altcoin notes that a steeper correction will delay Pi Network from reaching a new all-time high. To prevent an even bigger drop, the expert urges the PiCoreTeam (PCT) to burn a large number of Pi Coins.

According to Dr Altcoin, burning Pi will be a short-term solution to address declining asset prices. By removing coins, Pi coins from circulation, tokens become scarce, driving up prices to trigger a rally.

“The quick fix?” asked Dr Altcoin. “The PCT should burn its damn billions of Pi Coins from those 20,000+ Pi Foundations wallets.”

Right out of the bat, the PCT controls over 80 billion Pi coins distributed across several wallets. While burning Pi can improve prices, a Pi token unlock has stoked bearish sentiments among investors, sending prices below $1.

Long-Term Plan For Pi Hangs In The Balance

While the short-term direction of Pi can be impacted by burning tokens, Dr Altcoin’s long-term fix leaves things to fate. The expert says there is little the PCT can do but to “wait” and “hope” for a long-term upward trajectory akin to Bitcoin.

“The long-term fix?” said Dr Altcoin. “Wait patiently and hope it evolves like BTC, not ends up like XRP.”

Despite waiting on their hands, there are a few things the PCT can do to put Pi Network on the right path. For starters, Dr Altcoin says the PCT can improve its Know Your Business (KYB) process for projects keen on building in the ecosystem. The PCT has caught some flak after PiDaoSwap launched NFTs on BSC following KYB delays.

Dr Altcoin adds that the PCT’s transparency in the token burn and unlock mechanism will play a role in Binance and Bybit listing Pi on their exchanges, potentially driving prices northward.

While Pi price has recorded double-digit losses in the seven-day chart, prices are upbeat over 24 hours. Pi price has surged by 18% while trading volumes are hurtling toward the $1 billion mark. Despite the surge, the asset is not in the clear yet as Pi musters its strength in an attempt to flip the $0.90 resistance point.

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Pi Network News: Pi Coin Nears $1 Ahead of Massive 188 Million Token Unlock

The post Pi Network News: Pi Coin Nears $1 Ahead of Massive 188 Million Token Unlock appeared first on Coinpedia Fintech News

After weeks of slow movement, Pi Coin made a strong comeback, jumping more than 25% in just one day. The price soared past $0.75 and is now sitting at $0.72, making it the top-performing major altcoin today. In the past 24 hours alone, Pi is up nearly 30%, with a 52% gain over the last 90 days.

The market is showing strong signs of optimism, with analysts pointing to a possible rise to $1 if this momentum continues. Technical indicators also look positive — the 10-day SMA (simple moving average) just crossed over, and the RSI (relative strength index) suggests a bullish trend. Pi Coin also hit a weekly high of $0.78, pushing its market cap beyond $5 billion.

Adding to the excitement, the Pi Network recently launched the Pi Ad Network, giving developers a new way to make money from their apps and boosting Pi’s real-world use. This is seen as a big move toward building a stronger, more useful ecosystem.

However, not everything is smooth sailing. A major unlock of 188 million PI tokens is expected in the next 30 days, according to PiScan. This could create selling pressure on the market. Also, while 87% of the community supports a Binance listing, the exchange has not yet taken action.

Even with the recent launch of the Pi Network’s mainnet, trading volume has dropped by 44%, signaling mixed investor interest.

What’s next?

All eyes are on the upcoming token unlock and whether Binance and other major exchanges will list Pi. These events could play a big role in shaping the coin’s future price.

The post Pi Network News: Pi Coin Nears $1 Ahead of Massive 188 Million Token Unlock appeared first on Coinpedia Fintech News
After weeks of slow movement, Pi Coin made a strong comeback, jumping more than 25% in just one day. The price soared past $0.75 and is now sitting at $0.72, making it the top-performing major altcoin today. In the past 24 hours alone, Pi is up nearly 30%, with a 52% gain over the last …