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Cryptocurrencies Price Prediction: PI, SUI & Bitcoin – European Wrap 15 May

Cryptocurrencies Price Prediction: PI, SUI & Bitcoin – European Wrap 15 May
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Pi Network Price Forecast: Selling pressure builds despite vibe coding on Pi ecosystem

Pi Network (PI) extends losses at press time on Friday, risking a bearish breakout from a short-term consolidation range on the 4-hour chart. Pi Network remains under pressure from the 50-period Exponential Moving Average (EMA) at $0.1733, which caps short-term recovery despite the launch of vibe coding features in the Pi ecosystem.

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Sui Price Forecast: Bearish outlook strengthens amid positional unwinding

Sui (SUI) is down roughly 3% at press time on Friday, extending a five-day decline so far this week. Retail demand for the SUI token is waning as the market shifts attention away from underperforming layer-1 tokens. The technical outlook is bearish, pointing to a double-digit drop to $1.00.

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Bitcoin Weekly Forecast: Is the month-long rally over?

Bitcoin (BTC) edges slightly lower so far this week, trading at $80,800 on Friday after being rejected around the key overhead supply zone. Institutional investors also show cautious signs, with BTC spot Exchange Traded Funds (ETFs) recording an outflow of over $709 million through Thursday. In addition, traders’ profit-taking fuels the Crypto King price pullback.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

The biggest story this week was Tuesday’s US midterm elections, which saw Democrats win control of both the House and the Senate in a clear blue wave. This political shift in the US has triggered sharp price swings across the cryptocurrency market.

Ripple nears oversold territory as traders eye buying opportunities

Ripple nears oversold territory as traders eye buying opportunities

Ripple remains structurally capped near $1.20 after selling pressure wiped out the early-week rise to $1.34, driven by the US midterm elections. Market participants exhibited regulatory concerns ahead of the Democrats taking control of Congress in January, with many repositioning and adjusting their portfolios.

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin is down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. A sharp sell-off in US technology stocks reversed Bitcoin’s post-election rally on Thursday, triggering a wave of liquidations across the market and intensifying bearish pressure.

Post-US midterm elections market sell-off weighs on PI

Post-US midterm elections market sell-off weighs on PI

Pi Network (PI) continues to attract sellers, as the post-US midterm results triggered a sell-off in the US tech stock market and also wiped out over $1 billion from the crypto market.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.