Cryptocurrencies Price Prediction: Chiliz, Pi Network & Bitcoin – Asian Wrap 08 May

FXStreet Team FXStreet

Chiliz Price Forecast: CHZ extends gains as whale accumulation rises

Chiliz (CHZ) price is extending its gains, trading above $0.044 on Friday after posting three consecutive green candlesticks earlier this week. On-chain data shows that bullish price action is further supported by steadily rising whale accumulation. On the technical side, bulls remain in control and are targeting levels above $0.050 in the near term.

Pi Network Price Forecast: PI flashes bearish signals despite the Consensus 2026 spotlight

Pi Network (PI) is trading below $0.1800 at press time on Friday, extending its third straight day of steady decline. Retail interest in Pi Network continues to decline, despite its co-founders' speeches at Consensus 2026 on Thursday, suggesting further buying pressure. The technical outlook for the PI token is cautiously bearish, with a risk of a break below a long-term rising support trendline near $0.1735.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC rejection sparks pullback, ETH at risk of breakdown, XRP hints at deeper losses

Bitcoin is trading below $79,500 on Friday after being rejected by the 200-day Exponential Moving Average (EMA) at $82,048. However, BTC is holding a bullish near-term bias, as price sits above the 50-day and 100-day EMAs, clustered around $75,300–$76,300, and comfortably above the 50% retracement at $78,962. The Crypto King is, however, approaching a nearby cap at the horizontal barrier of $80,000, while the 200-day EMA is at $82,048 and the 61.8% Fibonacci level is at $83,437, forming a broader resistance band above.

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FXStreet Team

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Bitcoin derivatives reset as leverage cools amid subdued spot demand

Bitcoin's recent correction has reduced leverage across derivatives markets, creating a healthier structure amid weak spot trading activity, according to a report from CryptoQuant on Monday. The report stated that Bitcoin's decline over the past few weeks appears to reflect a broad futures market reset rather than the buildup of new speculative positions.

Ripple and Stellar outlook: Under selling pressure as cautious sentiment raises downside risks

Ripple and Stellar remain under selling pressure as cautious market sentiment continues to weigh on the broader crypto market. XRP struggles to reclaim the upper boundary of its falling channel, while XLM extends its decline for a fifth consecutive day.

Crypto Overview: Bitcoin holds steady as ETF outflows decline – DEXE and TIA extend gains

Bitcoin hovers above $64,000 holding steady after a roughly 4% drop last week. Data shows that institutional outflows are easing, suggesting broader market recovery potential, while DeXe and Celestia have emerged as frontrunners over the last 24 hours.

Ethereum Price Forecast: Ethlabs launches as new ecosystem steward funded by BitMine, SharpLink

Ethereum treasuries BitMine Immersion and SharpLink, alongside co-founder Joe Lubin, have partnered to fund Ethlabs, a new research and development lab for the smart contract blockchain.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.