It has been over 3 months since the Pi Network’s open mainnet was launched after a long wait of over 4 to 5 years. In these months, the network has made some huge progress, including breaking into the top 20 crypto post-launch. Trending across social media platforms and boasting over 60 million users. Moving forward, Pi price appeared to be more secure with an increase in real-world adoption along with more exchange listings. However, the PI price has remained highly volatile, while heavy token unlocks have made it too risky to deal with.
Now that the bearish flags have been fluttering over the Pi price rally, will the bulls prevent excessive price drain?
After the rebound from the support below $0.7, the PI price appeared to have triggered a fine reversal. Meanwhile, a close observation suggests diverse price action. The token experienced two major spikes followed by liquidations, with a clear bearish setup leading to a decline of over 52%. In the long term, the outlook remains bearish with a target near $0.3, representing about an 80% potential downfall.
In a wider perspective, the PI price has remained under massive bearish influence, which portrays the Gaussian Channel. The price is trading much below the resistance of the channel. which is currently bearish. Besides, the CMF has triggered a bearish divergence while in an attempt to trigger a recovery. Moreover, the volume has dropped significantly, signalling a drop in trading activity. With this, the PI price seems to be preparing for another pullback, which may drag the price down by another 10% to 15%.
Will the PI price remain stuck within a bearish trend?
The PI price may undergo minor price variations in the short term, which could keep the token consolidated above the crucial support in the long term. Besides, the upcoming unlocks are expected to increase the volatility, which could, in turn, have a positive impact on the rally. However, to do so, the PI price is required to breach above $1 and sustain for a long time without undergoing a correction.
Wall Street analysts project that the U.S. SEC will approve a bunch of spot crypto ETFs possibly before the end of the third quarter.
Dogecoin price has hinted at an imminent rally towards its all-time high in the near future.
The United States Securities and Exchange Commission (SEC) delayed its decision-making on the proposed rule change to list and trade shares of Bitwise Dogecoin ETF under NYSE Arca. According to the announcement by Sherry Haywood, the SEC’s assistant secretary, the agency has designated June 15, 2025 as the next date the commission will make its decision on the Bitwise Dogecoin ETF.
“The commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the announcement noted.
Closer Look at SEC’s Playbook on Dogecoin ETF
The U.S. SEC delayed decision-making for several crypto ETF products on Monday, led by spot XRP and Dogecoin ETFs. According to James Seyffart, a senior ETF analyst at Bloomberg, the U.S. SEC will likely delay decisions for spot Solana (SOL) and Hedera (HBAR) this week.
However, Seyffart is of the opinion that the SEC, under the new leadership of Paul Atkins, will approve a bunch of spot crypto ETFs in the third quarter and before the final deadlines in mid-October.
Agreed. i personally think the odds of a bunch of these crypto ETPs getting approved in late June or into July is fairly decent. Idk if its my ‘base case’ but GDLC’s conversion is due early July. I could see this SEC just signing off on a whole bunch around that same time.
The initial Dogecoin selloff expected in the first quarter has significantly reduced after the meme lord closed last week with a bullish outlook. The large-cap memecoin, with a fully diluted valuation of about $26.7 billion and a 24-hour average trading volume of around $1 billion, gained over 15 percent in the past two weeks to trade about $0.179 at the time of this writing.
If #Dogecoin$DOGE can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest. pic.twitter.com/ky88B6XFZy
From a technical analysis standpoint, DOGE’s price is well-primed to enter its price discovery phase in the coming months. According to crypto analyst Ali Martinez, DOGE price will regain its all-time high above 74 cents, if the memecoin closes April above 20 cents.
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Wall Street analysts project that the U.S. SEC will approve a bunch of spot crypto ETFs possibly before the end of the third quarter. Dogecoin price has hinted at an imminent rally towards its all-time high in the near future. The United States Securities and Exchange Commission (SEC) delayed its decision-making on the proposed rule …
Solana price tumbled 4% to hit $169 on Friday, May 16, after bankrupt crypto exchange FTX confirmed a $5 billion creditor payout.
On Thursday, the Solana (
Solana Price Action, May 16, 2025
SOL) price fell to $169, losing intraday support at $170 for the first time in May. This decline follows news that FTX will unstake and redistribute assets to fulfill its second major payout.
FTX’s estate said on May 15 that it would begin distributing $5 billion in digital assets to claimants on May 30. The payout will be processed via BitGo and Kraken, with settlement expected within 1–3 business days.
FTX Payouts aligns with 1.4B SOL Staking Withdrawals
Solana price weakness coincides with an uptick in bearish positioning across Layer-1 tokens. According to StakingRewards, over 1.4 million SOL has been unstaked in the past seven days.
Solana Staking Flows, May 16, 2025 | Source: StakingRewards.com
This move likely includes large portions held by FTX, which has been working to liquidate assets. At $169 per token, the un-staked SOL is valued at approximately $236 million.
Such large token movements typically generate sell pressure, especially if the assets enter exchanges or OTC desks for liquidation.
Solana’s sell-off appears part of a broader downturn in Layer-1 tokens. Coingecko data shows Ethereum fell 2.7% to $2,500, while XRP and Cardano posted 4% losses each.
This synchronized decline suggests macro-driven sell pressure, likely triggered by investors locking in gains before FTX’s payout introduces additional volatility risks.
Can Bitcoin Rally and ETF Optimism Anchor Solana Markets?
Despite SOL’s pullback, Bitcoin (BTC) price has remained above $100,000 for seven consecutive trading days, the first such stretch since January 2025.
This stability could help contain broader market panic. Historically, BTC resilience often stabilizes sentiment in large-cap altcoins such as Solana.
Solana ETF Approval Odds hit 82%, May 2025 | Source: PolyMarkets
PolyMarkets data currently shows an 82% probability of SEC approval for altcoin ETFs by June 16. This could position Solana as a preemptive buy for strategic traders looking to front-run a potential SEC approval verdict next month.
Looking Ahead: Critical Weeks Ahead for Solana Price
The 4% SOL price dip from Thursday reflects both internal sell pressure and broader market rotation. FTX’s $5 billion distribution and associated unstaking remain the dominant narrative this week.
For bulls, reclaiming $170 and holding above $150 is essential to sustain momentum. With ETF optimism still looming and BTC holding firm, a rebound remains plausible, if fresh market demand driver emerge to offset the ongoing Solana sell-offs.
Until then, Solana price remains vulnerable to further downside risk, especially if large wallet holders join the sell-off.
Solana Price Forecast Today: SOL Faces Pressure Below $175 With Risk of Breakdown Toward $160
Solana (SOL) price forecast charts show vulnerability signals following a sharp 9.67% intraday drop on May 15, with only a modest 1.34% rebound to $171.42 failing to inspire strong bullish conviction.
Thursday’s session showed price closing just above the Volume Weighted Average Price (VWAP) at $170.53, but the overall market structure remains fragile. The prior day’s high-volume sell-off, recorded at 7.17 million, reflects a meaningful rejection near the $185 level and a subsequent loss of momentum from buyers.
Technically, Solana has now slipped below the mid-point of the Keltner Channel, with $170.53 acting as weak interim support.
More so, SOL price action is notably hugging the lower half of the volatility envelope, and continued failure to reclaim the upper KC resistance at $181.06 casts doubt on bullish momentum.
Solana price forecast | SOLUSDT
Adding to downside risk, Bitcoin price forecast today, while relatively stable above $103,000, lacks clear bullish momentum. Without strong bullish momentum from BTC, altcoins like Solana are left more exposed to volatility risks.
Volume delta trends further emphasizes the sell-side pressure, with recent negative bars outpacing buying, suggesting distribution rather than accumulation at these levels.
Should SOL lose support at $170.53, the next clear downside target emerges at $161.74 to the lower Keltner band.
A break below this level would confirm a short-term bearish reversal, opening the door to $145 to $150, especially if macro sentiment weakens or Bitcoin falters.
Until Solana must post a decisive close above $175 with accompanying volume, for bulls to stand a chance of invalidating the bearish forecast.
Bitcoin price surged by 4% on Wednesday, hitting a 10-day peak . This rally follows three consecutive days of substantial Bitcoin ETF inflows, totaling $512 million. As BTC flirts with the critical $90,000 resistance level, investors are closely watching the impact of the Federal Reserve’s policy decision on global markets.
Bitcoin (BTC) Price Hits 10-Day Peak on Fed Rate Decision
Bitcoin (BTC) surged by 4% on Wednesday, reaching a 10-day high of $85,900 as the U.S. Federal Reserve’s decision to pause interest rate hikes aligned with investor expectations.
Bitcoin price analysis | BTCUSD | March 19, 2025
This bullish momentum follows three consecutive days of strong institutional inflows into Bitcoin ETFs, totalling $512 million. With BTC price facing critical resistance at $90,000, market participants are watching closely to see whether institutional demand and macroeconomic conditions will trigger more gains in the coming trading sessions.
ETF Inflows Surged $512M ahead of Fed Rate Decision
Since their introduction, Bitcoin ETFs have become a key gauge of institutional sentiment in the cryptocurrency market. After 3-week selling spree, Bitcoin ETFs have recored positive inflows over the past three trading days, according to SosoValue data
Bitcoin ETF Flows, March 19 | Source: SosoValue
On Tuesday alone, Bitcoin ETFs saw $209 million in inflows, marking one of the strongest demand periods in weeks. The funds have accumulated over $512 million in Bitcoin purchases, underscoring strong demand from corporate and institutional investors.
Historically, such sustained inflows have often preceded significant price breakouts, suggesting that institutional investors swung bullish BTC’s short-term price prospects as markets priced in a 99% chance of a rate pause at the start of the week.
BTC Faces Key Resistance at $90,000 Amid Short Squeeze Pressure
Despite its recent gains, Bitcoin price is showing more upside potential. According to the latest derivatives data from Coinglass, over $290 million worth of BTC short positions were closed near the $85,000 level.
Short traders, who profit when prices decline, are making last-ditch efforts to defend their positions and avoid a wave of forced liquidations.
Bitcoin (BTC) Liquidation Map
However, liquidation heatmaps suggest that BTC short liquidations at the $85,000 level may have weaken ed neighboring resistance zones. If Bitcoin sustains momentum and breaks above $90,000, it could trigger a cascading effect, forcing more short sellers to cover their positions and further driving up the price.
US Fed Rate Pause Boosts Risk Asset Appetite
The Federal Reserve’s decision to maintain interest rates at current levels has provided additional support for Bitcoin’s rally. A pause in rate hikes signals a more accommodative stance toward financial markets, which typically benefits risk assets such as cryptocurrencies.
US Fed Holds Funds Rate at 4.5% | Source: TradingEconomics
Lower interest rates make traditional savings and fixed-income investments less attractive, prompting investors to seek higher returns in alternative assets like Bitcoin. If institutional investors interpret the Fed’s stance as a green light for continued Bitcoin accumulation, ETF inflows could remain strong, further reinforcing the bullish outlook.
Bitcoin Price Outlook: Path to $90K and Beyond?
With ETF inflows surging and macroeconomic conditions remaining favorable, Bitcoin price forecast signals appears well-positioned for a continued uptrend. However, to sustain its bullish momentum, BTC must overcome key resistance levels:
$90,000 – A major psychological level that could trigger a new wave of buying or profit-taking.
$92,500 – The next upside target if BTC breaks through $90K.
Bitcoin price forecast | BTCUSD
On the downside, strong support levels include:
$85,000 – A key level where short liquidations have already been triggered.
$82,500 – A potential retest zone if BTC faces rejection at $90,000.
The ongoing BTC price surge is fuelled by strong institutional demand and a favorable macroeconomic backdrop. With $512 million in ETF inflows and short sellers under pressure, BTC’s path to $90,000 looks increasingly viable. However, breaking through this critical resistance will be key in determining whether Bitcoin can extend its rally toward new all-time highs.
