The prices of cryptocurrencies were recovered last week as said the president of the United States, Donald Trump, without citing examples, that commercial conversations were being carried out with other countries.
Bitcoin (BTC) It jumped above $ 95,000 for the first time in more than a month, while market capitalization of all Solana (Sun) coins increased to more than $ 10 billion. This article explains why Pi Network (PI), Ripple (XRP), and sui (Sui) They are the main cryptocurrencies to see this week.
Sui Token’s unlocking could interrupt the rally
Sui, a higher layer 1 network, was one of the high -performance coins in the cryptographic industry, since it increased to $ 3.8, its highest level from February 1 and 110% lower from its level below this month.
He recovered as meme coins increased in his ecosystem, which resulted in a 60% increase in the weekly volume of Dex. Protocols on its platform managed More than $ 3.43 billion in volume in the last 7 days, carrying monthly transactions to more than $ 11 billion.
The increase of sui can be interrupted by a large tokens unlock scheduled for Thursday. The network will launch tokens worth $ 120 million. Token unlocks lead to dilution, often affecting the performance of a currency.
The daily picture also shows that the price of sui has been overcome as the relative force index has moved to 77. Therefore, the currency is likely to be withdrawn and re -test the key support at $ 2,8150, the neckline of the double bottom pattern at $ 2.
The XRP price is at a key level
Due to its technicians, the Ripple Token will be at the Care Center this week. The table below shows that the XRP price was quoted at $ 2.17 on Sunday, a notable level for two reasons. First, it is along the 50 -day exponential mobile average, which has provided substantial resistance in recent months.
Second, the price is along the descending trend line that connects the highest levels since January 16. This line of trend is the upper side of the descending triangle, whose lower side is at $ 1,9437.
A descending triangle is a popular bearish graphic pattern. Therefore, the currency must be raised above the line of inclined trend and the 50 -day mobile average to invalidate the bearish perspective of the triangle.
Pi Network: Will consolidation end?
Pi Network will be a upper cryptocurrency to see this week as its consolidation continues. It has remained at $ 0.6350 in recent weeks, and did not participate in the cryptographic recovery last week.
Therefore, this consolidation can be calm before the storm, since all the needs of Pi are a minor catalyst, and its price will become parabolic. A potential catalyst will be an exchange list of one or more level one companies. HTX, a superior exchange that Justin Sun advises Justin Sun, has been sending clues that will list it soon. For example, Pi Network has appeared in several X publications, including the one shown below and This.
Other main cryptocurrencies to see this week include the CETUS protocol, the Maverick protocol, optimism, pendle and morph, which will have tokens unlocks, and BSC will launch the Lorentz update.