Cryptocurrencies Price Prediction: Pi Network, Bitcoin & Fartcoin — Asian Wrap 2 July
|Pi Network Price Forecast: Largest token unlock in July, PI risks sell-off
Pi Network (PI) recovers by 1% at press time on Wednesday after six consecutive bearish candles. The technical outlook indicates a bearish inclination in the days leading up to July’s biggest token unlock, while sentiments remain muted following the Pi2Day announcements.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH, and XRP brace for correction
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of weakness mid-week as bullish momentum continues to fade. BTC extends its decline to trade below $106,000, while ETH and XRP slip below their key support levels, raising concerns of a deeper correction on the horizon. If BTC continues to face a pullback and closes below its 50-day Exponential Moving Average (EMA) at $104,245, it could extend the decline toward its psychological level of $100,000.
Bitcoin’s slip to $105,000 fuels market pullback – FARTCOIN, SPX, ALGO lead the losses
Meme coins such as Fartcoin (FARTCOIN) and SPX6900 (SPX) are front-running the market pullback with double-digit losses in the last 24 hours. Algorand (ALGO) follows the downward trend as it fails to hold Tuesday’s strong opening, resulting in a 7% plunge. Fartcoin edges higher marginally by 0.50% at press time on Wednesday as it holds onto the 10% losses from Tuesday. The sudden pullback completes an evening star pattern combined with Monday’s Doji candle and 5% bullish candle on Sunday.
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