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Pi Network (PI/USDT) Market Analysis & Update Pi Network (PI) is experiencing a major price drop, currently trading at $0.65361, down -52.38% in the last 24 hours. The 24-hour high was $2.078, while the 24-hour low fell to $0.60046, indicating extreme volatility. The trading volume is 431.64M PI, with a total turnover of $435.98M. The moving averages (MA) suggest a bearish trend. The MA(5) is at $0.66173, MA(10) at $0.74655, and MA(20) at $0.77956, all indicating downward momentum. The order book shows 61% buy orders and 39% sell orders, suggesting that some traders are accumulating at lower prices. The Pi token has dropped -25.03% today, reflecting high selling pressure. The next support level is around $0.59615, while resistance sits near $0.72883. If buying volume increases, a short-term rebound is possible, but overall sentiment remains bearish. Traders should exercise caution due to high volatility. Monitoring key support and resistance levels will be crucial for determining future price movements. Will PI recover from this steep decline, or is further downside expected?

Dogecoin (DOGE) Flatlines—Is a Breakout or Breakdown Imminent? Dogecoin initiated a new decline below the $0.2620 zone against the US Dollar. DOGE is currently consolidating and having a hard time surpassing the $0.2550 resistance. DOGE price initiated a new decline below the $0.270 and $0.2620 levels. The price is below the $0.2580 level and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $0.2540 on the hourly chart of the DOGE/USD pair (price source from Kraken). The price may initiate another rise if it breaks above the $0.2550 and $0.2620 resistance levels. Dogecoin Price Struggles To Gain Pace Dogecoin price initiated a new fall below the $0.2750 zone, as opposed to Bitcoin and Ethereum. DOGE fell below the $0.270 and $0.2620 support levels. It even went above below $0.2550. A low was established at $0.2420 and the price is currently trying to rebound. There had been a breakout above the 23.6% Fib retracement level of the drop from the $0.2830 swing high to the $0.2420 low. There had also been a breakout above a bearish connecting trend line with resistance at $0.2540 on the hour chart of the DOGE/USD pair. But the duo is finding it hard to settle above the $0.2550 level of resistance. Dogecoin price currently finds itself below the $0.2540 level and the 100-hourly simple moving average. The nearest resistance on the upside is around the $0.2550 level. The initial key resistance for the bulls would be at or around the $0.2625 mark or the 50% Fib retracement of the bear run from the swing high at $0.2830 to the low at $0.2420. The subsequent key resistance is at or around the $0.2720 mark. A close above the $0.2720 resistance could propel the price to the $0.300 resistance. Any further gains could propel the price to the $0.320 level. The next significant stop for the bulls could be $0.3420. Another DOGE Decline? If DOGE's price is unable to move above the $0.2550 level, it may begin another fall. Initial support on the downside lies close to the $0.2500 level. The subsequent key support lies close to the $0.2450 level. The key support rests at $0.2420. If a downside break happens below the $0.2420 support, the price can go lower. In the said scenario, the price can go down towards the $0.2350 mark or even $0.2220 in the short term. Technical Indicator Hourly MACD – The DOGE/USD MACD is currently losing strength in the bullish region. Hourly RSI (Relative Strength Index) – The DOGE/USD RSI is currently below the level of 50. Major Support Levels – $0.2500 and $0.2420. Major Resistance Levels – $0.2550 and $0.2620 $DOGE

The U.S. Securities and Exchange Commission (SEC) has set a deadline for deciding whether to approve multiple exchange-traded funds (ETF) that track the price of Ripple-promoted XRP directly. The SEC acknowledged another batch of XRP ETF filings, representing the agency’s formal review of the proposals. XRP is up 5.7% on the day, trading at $2.70 after climbing 11.2% in the last week, per CoinGecko data. SEC Acknowledges More XRP ETF Filings The U.S. Securities and Exchange Commission has acknowledged spot XRP ETF filings submitted by major asset managers Bitwise, WisdomTree, and Canary Capital, fueling optimism that XRP could soon be available to institutional investors through a regulated investment vehicle. In the filings acknowledging the proposals, the SEC asked for public comments to be sent 21 days after its filing was published in the Federal Register. The regulator then has up to 90 days to decide to approve, reject, or “institute proceedings”, with a final decision expected in up to 240 days. The timing of the SEC’s acknowledgment is noteworthy, as it coincides with growing speculation around the future of XRP amid the regulatory agency’s prolonged legal dispute with Ripple. The SEC is now seeking to reverse the SEC vs. Ripple court ruling, which determined that the blockchain firm’s programmatic sales of the XRP crypto were not securities transactions. Nonetheless, some pundits are optimistic that the SEC may soon pause its appeal in the Ripple case, which could provide a clearer path forward for the third largest crypto by market cap. While the SEC is still in its acknowledgment phase, Brazil has officially outpaced the United States to greenlight the first-ever spot XRP ETF, with Hashdex receiving approval from Brazil’s securities regulator to list the Nasdaq XRP Index Fund on the B3 exchange. Could XRP ETFs Hit The US Market In 2025? As you may recall, the SEC greenlighted the introduction of spot Bitcoin exchange-traded funds in January 2024 and spot Ether ETFs in July of the same year. Asset managers have since submitted a spate of crypto ETF filings over the past couple of months in light of the crypto-friendly Donald Trump administration assuming office. Last week, the SEC also acknowledged spot XRP ETF filings from Grayscale and 21Shares. This was interpreted as a powerful message given that the SEC has been locked in a multi-year-long legal battle with Ripple. Although these acknowledgments don’t necessarily guarantee an XRP ETF approval from the regulatory agency, they bode well for such an investment vehicle. Meanwhile, XRP is presently just 20.7% away from its lifetime high of $3.40 posted in January 2018. If the spot XRP ETFs successfully cross the regulatory finish line, they would likely attract considerable demand from institutional investors, subsequently putting the cross-border token on a path to new all-time highs. Alongside the spot ETF bullish catalyst, popular analyst DonAlt has observed that XRP’s chart is “excellent.” But as ZyCrypto recently covered, not everyone is pleased about the increasing prospects of a spot XRP ETF becoming a reality in the US. Well-known angel investor Jason Calacanis believes that the greenlighting of such a product would lead to “chaos,” contending that the token is a “centrally controlled security.”

Ethereum (ETH) continued to trade subdued for most of Thursday, extending its two-week-long price range amid market indecision. Notably, since experiencing a sharp drop on February 3 and subsequently recovering, the second-largest cryptocurrency has been confined within a tight channel, with price oscillating between the $2,800 resistance level and the $2,500 support zone. However, despite this weakness, something is brewing under the hood, an underlying shift that could trigger a major breakout for ETH. One of the most notable developments in the Ethereum market is the sharp decline in the amount of ETH held on exchanges. According to crypto analytics firm Santiment, currently, only 6.38% of the total ETH supply remains on centralized trading platforms, marking the lowest level since the cryptocurrency’s inception. “From a long-term perspective, ETH continues to move off of exchanges and into cold wallets at a shocking pace…Meanwhile, the community has been showing some renewed interest in crypto’s 2 market cap asset here in February.” The firm tweeted Tuesday. Notably, approximately 4.36 million ETH has been withdrawn since early 2024, reducing selling pressure and setting the stage for a potential rally if demand increases. Another bullish factor is the decline in Ethereum transaction fees. On Wednesday, Santiment highlighted that the average ETH transaction fee now sits at $0.41, significantly lower than the $15.21 high seen in the past two years. Lower fees indicate reduced network congestion, making Ethereum more accessible to new investors and developers and, in turn, strengthening ETH’s value. Beyond exchange balances and fees, optimism surrounding Ethereum’s upcoming Pectra hard fork on April 8 is also surging. On Tuesday, analysts at QCP Capital noted that Ethereum upgrades often follow a “buy the rumor, sell the news” pattern. They highlighted how ETH’s price doubled before the 2022 Merger and surged 30% after Shanghai in 2023, suggesting that if history repeats, a similar upswing could unfold post-Pectra. Some analysts argue that Solana (SOL), once a top Ethereum competitor, is losing credibility due to a series of meme coin scandals, including LIBRA, which could drive capital back to ETH. “Solana’s narrative as the best chain for retail adoption has shifted to one of fraud and insider trading, The hate on Ethereum for UX, lack of interop, and social layer dichotomies has been progressing steadily in a stronger way than ever. Tides are shifting. Watch SOLETH as a barometer.” Rollup Ventures co-founder Andy said on Tuesday. Ethereum was trading at $2,730.37 at press time, up 0.39% in the past 24 hours.

U.S. President Donald Trump has attributed Bitcoin’s recent surge to his administration’s pro-crypto policies, reinforcing his vision of making America the global leader in digital assets. Speaking at the FII Priority Summit in Miami on Wednesday, Trump linked the performance of the cryptocurrency market and traditional financial indices to his leadership. “In just a few months, the Dow Jones Industrial Average is up 2,200 points, and Bitcoin has set multiple all-time record highs because everyone knows that I’m committed to making America the crypto capital,” Trump stated. “We want to stay at the forefront of everything, and one of them is crypto.” Notably, since Trump secured the Republican nomination on July 15, 2024, when Bitcoin was priced around $61,000, its value has surged to an all-time high of $109,114 on January 20, marking a gain of approximately 78.88%. Analysts attribute part of the rally to increased optimism among crypto investors, fueled by Trump’s public endorsements and promises to end regulatory hostility towards the crypto sector. The president also took aim at the U.S. Securities and Exchange Commission (SEC) under Chairman Gary Gensler, criticizing its past approach to cryptocurrency regulation. Trump claimed that the agency had maintained an adversarial stance toward Bitcoin and other digital assets but was forced to soften its position in the face of growing public support for crypto. “I have signed executive orders to keep the United States at the forefront of artificial intelligence and to end Joe’s war on Bitcoin and crypto,” Trump added. “We ended that war totally, that war is over. They were very hostile toward them until the very end, just because there are so many people on Bitcoin and crypto. Just before the end, the SEC came out and they were being very nice. I was so nice to people because so many people were being indicted for no reason whatsoever, very political group of people. But they pulled those indictments because they realized there were 100 million, 125 million people using crypto.” Since returning to office, Trump has taken steps to solidify his support among crypto enthusiasts. Notably, he nominated Paul Atkins, a well-known crypto-friendly figure, to chair the SEC while Brian Quintenz was nominated for the CFTC. He also issued an executive order titled “Strengthening U.S. Leadership in Digital Financial Technology,” which explicitly bans the development and promotion of central bank digital currencies (CBDCs), a move widely applauded by crypto advocates. That said, Trump’s pro-crypto stance has earned him praise from major figures in the industry, with Ripple CEO Brad Garlinghouse and Cardano founder Charles Hoskinson suggesting that his policies could elevate the U.S. as a global crypto hub.