Pi Network extends recovery above $0.097 as ecosystem utility grows

Key takeaways

  • Pi Network traded above $0.097 on Monday after recording gains for two consecutive weeks.
  • The Pi Core Team released SoloHost updates and Pi Desktop version 0.6.3 to improve reliability, app discovery, and developer tools.
  • PI remains above its 50-day EMA at $0.094, while the RSI near 60 signals improving bullish momentum.

Pi Network (PI) extended its recovery on Monday, trading above $0.097 following two consecutive weeks of gains.

New ecosystem updates and improved developer tools are strengthening the network’s utility. However, PI continues to trade below major long-term exponential moving averages, leaving its broader technical outlook bearish despite improving momentum.

Pi Network releases SoloHost and Desktop updates

The Pi Core Team recently released updates for SoloHost alongside version 0.6.3 of Pi Desktop.

According to the project, the updates improve application discovery, platform reliability, and the tools available to developers building within the Pi Network ecosystem.

Continued development could support greater application activity and expand PI’s utility. These improvements have accompanied the token’s recent recovery, with PI gaining 1.68% last week before extending its advance on Monday.

However, ecosystem developments will need to translate into sustained user activity and demand for the token to support a stronger long-term recovery.

PI holds above the 50-Day EMA

Pi Network traded near $0.097 on Monday, remaining slightly above its 50-day exponential moving average at $0.094.

Holding above this indicator gives PI’s short-term outlook a mildly bullish tone. The Relative Strength Index stands near 60, indicating that buying momentum is improving without reaching overbought territory.

The Moving Average Convergence Divergence indicator is also marginally positive, supporting the possibility of further short-term gains.

Nevertheless, the recovery remains tentative because PI continues to trade below its 100-day and 200-day EMAs. These indicators currently stand near $0.105 and $0.138, respectively, preserving the token’s broader bearish structure.

PI’s first major resistance is located at the 100-day EMA near $0.105. A sustained break above this level could strengthen the recovery and open the way toward the horizontal resistance at $0.118.

PI/USD Daily Chart

Beyond that, the 200-day EMA near $0.138 represents a more substantial obstacle. Reclaiming this indicator would be necessary to improve PI’s medium- to long-term technical outlook.

Failure to overcome the $0.105 resistance could leave the token consolidating around its current level or expose it to renewed selling pressure.

Immediate support sits at the 50-day EMA near $0.094. Holding this level would preserve PI’s improving short-term structure and allow buyers another opportunity to challenge overhead resistance.

A decisive decline below $0.094 could weaken the recovery and bring the horizontal support at $0.075 into focus.

If selling pressure intensifies, PI could revisit the former trendline-break area near $0.045, which represents a deeper structural support level.

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Cardano holds $0.20 support as bearish derivatives signals limit recovery

Key takeaways

  • Cardano trades near $0.207 after falling more than 8% during the previous week.
  • ADA’s long-to-short ratio of 0.88 indicates bearish positioning among derivatives traders.
  • The funding rate turned positive at 0.0052%, showing a mild bullish bias despite the elevated short positioning.
  • ADA must hold the $0.199-to-$0.200 support zone to avoid a decline toward $0.195, $0.173, or $0.150.

Cardano (ADA) traded near the critical $0.200 support zone on Monday after declining more than 8% during the previous week.

Although ADA remains above two important short-term moving averages, mixed derivatives data and sell-side pressure from large traders suggest that recovery attempts could encounter resistance at higher levels.

ADA long-to-short ratio signals bearish sentiment

Cardano’s derivatives indicators present a cautious and somewhat conflicting outlook.

CoinGlass data shows ADA’s long-to-short ratio at 0.91, close to its lowest level in a month. A reading below one indicates that traders hold more short positions than long positions, reflecting expectations of further price weakness.

However, Cardano’s funding rate turned positive on Monday, reaching 0.0052%. Positive funding means long-position holders are paying shorts, suggesting that some traders are positioning for a price recovery.

The contrast between the bearish long-to-short ratio and positive funding rate points to uncertainty rather than a clear directional consensus.

CryptoQuant’s market summary also signals caution. Large whale orders are appearing in ADA’s futures market, but sell-side activity remains dominant. 

Both spot and futures markets are also showing signs of increased trading activity or “heating,” while several other indicators remain neutral.

Together, these factors suggest volatility could rise around the current support area. However, the dominance of large sell orders leaves Cardano exposed to further downside if buyers fail to defend $0.200.

Cardano holds above key moving averages

ADA traded at approximately $0.207 on Monday, remaining slightly above its 50-day exponential moving average at $0.199 and its 100-day EMA at $0.200.

Holding above these indicators gives Cardano’s short-term technical structure a mildly constructive tone despite the broader downward trend.

The Relative Strength Index stands at 50, indicating balanced momentum and consolidation. Meanwhile, the Moving Average Convergence Divergence indicator remains slightly negative, showing that bullish momentum has not yet strengthened enough to confirm a recovery.

ADA/USD Daily Chart

Cardano’s immediate resistance sits at the 50% Fibonacci retracement level of $0.213. A move above that level could allow ADA to test the 61.8% retracement at $0.231.

Additional barriers are located at $0.236, the 200-day EMA near $0.240 and the horizontal resistance level at $0.245. ADA would need to break decisively through this cluster to improve its medium-term outlook.

A sustained move above $0.245 could bring the more distant $0.299 resistance level into focus.

Conversely, losing the 50-day and 100-day EMAs near $0.200 would expose the 38.2% Fibonacci retracement at $0.195. A deeper correction could then target the structural support levels at $0.173 and $0.150.

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Dogecoin risks breakdown below $0.08 as Bitwise shuts DOGE ETF

Key takeaways

  • Dogecoin is attempting to recover after two consecutive sessions of roughly 3% losses.
  • Bitwise will end trading in its BWOW Dogecoin ETF on October 14.
  • A break below $0.0801 could send DOGE toward $0.0745 and potentially $0.0673.
  • Dogecoin must reclaim the $0.0845–$0.0904 resistance region to improve its outlook.

Dogecoin (DOGE) edged higher on Friday following two consecutive sessions of losses of approximately 3%.

Despite the modest recovery, DOGE retains a bearish near-term outlook as institutional demand weakens and momentum indicators point to sustained selling pressure. 

The $0.0800 region is now critical, with a breakdown potentially exposing the meme coin to significantly lower support levels.

Bitwise announces closure of Dogecoin ETF

Bitwise announced Thursday that it will liquidate its Dogecoin exchange-traded fund, BWOW, as part of an effort to streamline its product lineup and respond to changing investor demand.

The fund’s final trading day is scheduled for October 14, after which it will cease operations and begin converting its DOGE holdings into cash.

Bitwise expects to complete the liquidation on October 22 and distribute the remaining cash to shareholders.

BWOW held approximately $687,730 in net assets as of Thursday, according to SoSoValue.

The conversion of its holdings during the liquidation process could add modest selling pressure to Dogecoin, although the fund is considerably smaller than other DOGE-focused investment products.

Grayscale’s GDOG ETF holds approximately $8.61 million, while the 21Shares TDOG fund manages around $2.53 million.

The difference highlights BWOW’s relatively limited scale and may explain Bitwise’s decision to remove the fund from its product range.

Dogecoin trades below key moving averages

Dogecoin traded slightly above $0.0800 at the time of writing on Friday but remained below several important technical indicators.

DOGE sits beneath its 100-period EMA at $0.0857 and its 50-period EMA at $0.0870 on the four-hour chart. Trading below both indicators reinforces the token’s bearish short-term structure.

The meme coin is also testing its 200-period EMA near $0.0827, which currently acts as immediate dynamic support.

A confirmed move below the 200-period EMA could push Dogecoin toward the recent low at $0.0801.

If buyers fail to defend that psychological support zone, the next downside target would be the 127.2% Fibonacci extension at $0.0745. A more substantial correction could bring the 161.8% extension near $0.0673 into focus.

A decline from $0.0801 to $0.0673 would represent a drop of approximately 16%.

Dogecoin’s Relative Strength Index stands near 35 on the four-hour chart, placing it just above oversold territory.

The low reading reflects significant bearish momentum but also suggests that selling may be approaching exhaustion. Still, the indicator has not produced a confirmed reversal signal.

DOGE/USD Daily Chart

The Moving Average Convergence Divergence indicator continues to decline below its zero line, reinforcing the view that downside pressure remains dominant.

For Dogecoin to begin a meaningful recovery, it must first break above the 78.6% Fibonacci retracement at $0.0845.

The next resistance levels sit at the 100-period EMA near $0.0857 and the 50-period EMA at $0.0870. A stronger barrier awaits around $0.0904, which aligns with the 50% Fibonacci retracement.

A sustained close above $0.0904 would weaken the bearish outlook. Until then, DOGE remains vulnerable to a breakdown below $0.0800.

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Ethereum tests the $2,431 support as hot US inflation pressures crypto market

Key takeaways

  • Ethereum fell 0.7% as annual US producer inflation accelerated to 5.4%.
  • Polymarket traders assigned a 62% probability to a rate hike at the next Fed meeting.
  • ETH is testing support at $2,431 and $2,405, with resistance near $2,545.

Ethereum (ETH) traded 0.7% lower on Friday as it attempted to recover from selling pressure triggered by stronger US producer inflation data.

The hotter annual inflation reading increased expectations of tighter Federal Reserve policy, creating a challenging environment for risk assets. Although Ethereum remains above its major moving averages, retail selling, hesitant derivatives traders, and slowing institutional demand could limit its near-term recovery.

US producer inflation rises to 5.4%

The US Producer Price Index for final demand increased 0.4% in August, matching market expectations after a revised 0.1% gain in July.

On an annual basis, producer inflation accelerated to 5.4% from 4.8%. Energy prices contributed significantly to the increase, rising 4.2% amid higher oil prices. Core producer prices, which exclude food and energy, also advanced 0.4% during the month.

The data preceded Friday’s Consumer Price Index report, another potential catalyst for expectations surrounding the Federal Reserve’s September 15–16 meeting.

Prediction-market data from Polymarket showed traders assigning a 62% probability to an interest-rate increase at the Fed’s next meeting. The estimated likelihood of a hike by October stood at 71%.

Markets also increasingly expect Fed Chair Kevin Warsh to begin his tenure with a rate increase, marking a sharp shift from earlier policy expectations.

Higher rates could pressure Ethereum by tightening financial conditions and increasing the appeal of interest-bearing assets. They could also discourage the leveraged trading and speculative activity that often support cryptocurrency rallies.

Despite the difficult macroeconomic backdrop, US spot Ethereum exchange-traded funds registered $34.75 million in net inflows on Wednesday.

The positive result offset the $24 million withdrawn on Tuesday and indicated that some institutional investors continued accumulating ETH during its two-week consolidation.

However, weekly ETF demand has slowed. The products attracted $218.4 million last week, down sharply from the yearly high of $824 million recorded during the preceding week.

This slowdown suggests institutional interest remains positive but has lost momentum.

Retail investors sold a combined 307,000 ETH last week, significantly exceeding the 82,000 ETH accumulated by whales.

The imbalance shows that smaller holders have taken a more cautious approach following Ethereum’s recovery in late August. Persistent retail distribution could increase the available supply and limit attempts to push the price higher.

Ethereum’s price has also risen faster than futures open interest. The divergence suggests leveraged long traders remain reluctant to commit substantial fresh capital to the recovery.

Ethereum tests 20-day EMA and $2,431 support

Ethereum is testing horizontal support near $2,431 and its 20-day exponential moving average around $2,405.

Despite the pullback, ETH remains comfortably above its 50-, 100-, and 200-day EMAs, which are clustered between approximately $2,223 and $2,256. This positioning keeps the broader uptrend intact.

The Relative Strength Index stands near 59, maintaining a modest bullish tilt while showing that momentum has cooled. The Stochastic Oscillator is also moving toward its midpoint, indicating moderation rather than a confirmed bearish reversal.

ETH/USD Daily Chart

If Ethereum rebounds, its first major resistance sits near $2,545. A decisive close above this level could expose the next barriers at $2,626 and $2,787.

On the downside, losing $2,405 and $2,431 would shift attention to the moving-average support cluster between $2,223 and $2,256. Further support lies at $2,172, followed by the broader trend floors at $1,961 and $1,810.

A sequence of daily closes above the overhead resistance levels would restore stronger bullish momentum and reopen the path toward new local highs.

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REAL Finance’s $ASSET joins ESMA’s Interim MiCA Register as Europe push deepens

  • REAL Finance’s $ASSET white paper is now listed in ESMA’s MiCA register.
  • ESMA listing gives $ASSET a standardised disclosure reference across Europe.
  • REAL Finance targets over €3.5 billon in tokenised assets across Europe.

Real Technologies Inc., issuer of the $ASSET token used by the REAL Finance network, has had its crypto-asset white paper listed in the European Securities and Markets Authority’s Interim MiCA Register, giving the project a centralised disclosure reference under the European Union’s crypto rules.

The entry sits in the register for crypto-assets other than asset-referenced tokens and e-money tokens, which falls under Title II of MiCA.

ESMA stresses that white papers appearing in the register have not been reviewed or approved by an EU competent authority, leaving responsibility for their contents with the issuer.

MiCA listing adds a regulatory reference

For REAL Finance, the listing creates a common disclosure point that exchanges, institutions and other counterparties can consult when assessing $ASSET across European Economic Area markets.

The move follows the token’s listing on Kraken, where trading went live on April 30. REAL Finance says $ASSET has also traded on KuCoin and MEXC since April.

“Being listed in ESMA’s Interim MiCA Register gives institutions and exchanges a single, transparent reference for evaluating $ASSET instead of thirty separate national processes. It’s a foundational step for how we want to operate in Europe,” said Ivo Grigorov, CEO of REAL Finance.

The company said the notification addresses a different layer from exchange access, providing standardised regulatory disclosure rather than guaranteeing that any platform will list or continue supporting the token.

REAL Finance pushes deeper into tokenised assets

REAL Finance is positioning the network around the tokenisation of real-world financial assets, an area attracting growing attention from banks, asset managers and regulators.

The company says it aims to tokenise more than €3.5 billion of assets through its European ecosystem and is working with regulated partners, including Austria’s Wiener Privatbank, on custody and structuring.

The MiCA register entry does not amount to regulatory approval of $ASSET. ESMA explicitly states that white papers in the register are not reviewed or endorsed by competent authorities.

Real Technologies also said individual trading venues retain discretion over listing decisions.

That distinction is important as MiCA brings more standardised disclosure to Europe’s crypto market without turning white-paper publication into an official investment endorsement.

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