Sygnum’s off-exchange custody platform allows traders to mirror assets held in Sygnum’s custody while trading on an exchange like Deribit.
Cryptocurrency banking firm Sygnum is partnering with crypto derivatives exchange Deribit, providing its off-exchange custody platform, Sygnum Protect.
On March 5, Sygnum announced the expansion of Sygnum Protect, its off-exchange custody platform, to include Deribit, one of the world’s largest derivatives exchanges in crypto.
This integration enables institutional Deribit traders to hold their assets in Sygnum’s institutional-grade custody while accessing Deribit’s broad trading offering and liquidity.
Pi Network (PI) has seen a modest 5% gain over the past week, despite being down more than 17% in the last 30 days. This bounce has brought some relief but hasn’t yet translated into a clear bullish reversal.
The price is currently consolidating between key levels, with technical indicators like the Ichimoku Cloud, RSI, and EMA lines all pointing to indecision. Whether this consolidation leads to a breakout or further downside could depend on how PI reacts to resistance at $0.68 and support at $0.617 in the coming sessions.
Ichimoku Signals Uncertainty for PI
Pi Network trades inside the red Ichimoku Cloud, reflecting indecision and a lack of strong directional bias.
The price sits between the red baseline (Kijun-sen) and just above the blue conversion line (Tenkan-sen), indicating weak short-term momentum but no clear breakdown.
The presence of the red cloud shows that the prevailing trend is still slightly bearish, and price action within the cloud generally signals consolidation or neutrality.
A green cloud in the future points to a potential bullish transition, but only if the price manages to break above the cloud with strong follow-through.
A decisive move above the cloud would support a trend reversal, while a rejection and move below the Tenkan-sen and Kijun-sen would reinforce bearish pressure.
PI RSI Cools Off: What Comes Next?
Pi Network’s Relative Strength Index (RSI) is currently sitting at 51.41, falling from a high of 70 just two days ago.
This drop reflects a noticeable momentum cooling, as the asset moved from near-overbought territory to more neutral levels.
The RSI measures the speed and magnitude of recent price changes to evaluate overbought or oversold conditions. Values above 70 are generally considered overbought, and those below 30 are considered oversold.
An RSI at 51.41 places PI right in the middle of the range, suggesting that neither buyers nor sellers currently have a clear advantage.
This neutral reading often coincides with a consolidation phase, where the price stabilizes before deciding its next direction. If the RSI trends again, it could point to renewed bullish momentum.
On the other hand, continued decline toward 40 or below may signal growing weakness and open the door for a deeper pullback.
PI Consolidates—Is a Breakout Coming?
Pi Network price has been consolidating over the past few days, currently trading within a range defined by resistance at $0.68 and support at $0.61.
This sideways movement is reflected in the EMA lines, which are clustered closely together—a classic sign of low volatility and a lack of strong directional momentum.
If bullish momentum returns, a breakout above $0.68 could signal the start of a fresh rally.
In that case, the next resistance levels to watch are $0.789 and $0.85. If the uptrend strengthens further, PI could target $1.04—marking its first move above $1 since March 23.
However, a breakdown below the $0.617 support could lead to renewed bearish pressure, with $0.59 and $0.54 as the next potential downside targets.
Notable Solana meme coins to watch in March include DOGEai (DOGEAI), Official Trump (TRUMP), BONK, AI16Z, and Official Melania (MELANIA). DOGEai has surged nearly 20% in a week, capitalizing on AI and government transparency narratives.
TRUMP could see renewed interest from the White House Crypto Summit, while BONK remains the second-largest Solana meme coin despite a sharp decline. AI16Z is struggling along with the broader AI crypto sector, and MELANIA has faced heavy losses but could benefit from the upcoming political events.
DOGEai (DOGEAI)
DOGEai, an artificial intelligence meme coin, has a market cap of nearly $35 million after rising over 50% in the past two weeks. The project capitalizes on Dogecoin’s popularity, the growing interest in DOGE (Department of Government Efficiency), and the AI crypto trend.
It functions as an autonomous AI agent designed to analyze government spending and policy decisions, providing bill summaries and insights into public expenditures.
If the uptrend continues, DOGEai could challenge resistance at $0.0573, with upside targets at $0.0683 and potentially $0.098 in a strong bullish move.
On the downside, support sits at $0.048, and a breakdown below that level could send the price to $0.029 or even $0.0119.
Official Trump (TRUMP)
The upcoming Trump Crypto Summit, set for tomorrow, could significantly impact Official Trump (TRUMP), a meme coin that has been struggling below $20 for over two weeks. The event could reignite interest in the coin, which has been in a downtrend for several weeks now.
TRUMP was one of the most hyped meme coins at launch, briefly reaching a $15 billion market cap. However, it has since lost over 80% of its value and is now worth $2.7 billion.
If momentum returns, TRUMP could test resistance at $14.4, $17.4, and $20.7, with a strong rally pushing it toward $24.5 for the first time since January 31.
On the downside, continued selling pressure could bring the price to support levels at $12.17 or $11, with a break below $11, making new all-time lows.
BONK
BONK, once the largest Solana meme coin, now holds the second spot after being surpassed by TRUMP, with a market cap of around $983 million.
Despite remaining one of the most relevant Solana meme coins, its valuation has dropped significantly from its $4 billion peak in November 2024. The broader Solana ecosystem has been in a sharp correction over the past 30 days, weighing on BONK’s price action.
If Solana and its meme coins regain momentum, BONK could test resistance at $0.000014 and $0.0000156. A breakout above these levels could push the price to $0.0000197, with a strong rally potentially sending it as high as $0.0000265.
However, if the correction continues, BONK could drop below $0.000012, test $0.0000109, and possibly fall under $0.00001 for the first time since December 2023.
AI16Z
AI16Z, a Solana-based crypto AI agent meme coin, has a market cap of around $315 million. Like the broader AI agent crypto sector, it has been in a sharp correction over the past 30 days, with its price dropping nearly 30%.
Despite this downturn, some AI-related coins have shown signs of recovery in the past week, creating uncertainty around the sector’s next move.
If momentum returns to the crypto AI agents narrative, AI16Z could test resistance at $0.419, with a breakout potentially sending it to $0.627.
On the downside, if the correction continues, the price could drop to test support around $0.25, and a break below that level would push AI16Z to its lowest price since November 2024.
Official Melania (MELANIA)
MELANIA, like TRUMP, could benefit from Trump’s Crypto Summit as investors look for catalysts in political-themed meme coins. Launched on January 19, MELANIA quickly surged to a $2 billion market cap but has been in a steep decline since, dropping 50% in the last 30 days.
The coin has struggled to find support, trading below $1 for more than a week and hovering near its all-time lows.
A strong rebound could push MELANIA to $0.94 and $1.296, with further momentum driving it to $1.39 and potentially $1.61 for the first time since February 6.
On the downside, if the selloff continues, MELANIA could break below $0.795 and $0.763, with a drop under $0.7 setting new record lows.
