Monat: April 2025

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Kaspa (KAS) price jumps 13% to lead top gainers today

  • Kaspa (KAS) price rose sharply as Bitcoin traded to above $88k
  • The 13% jump for KAS puts it among the top gainers today.
  • Kaspa price could target $0.2 in the short term.

Kaspa (KAS), a proof-of-work cryptocurrency leveraging the innovative GHOSTDAG protocol, has surged 13% in the last 24 hours, making it the top gainer among the top 100 cryptocurrencies by market cap.

This rally comes amid a broader market upswing, with Bitcoin (BTC) climbing above $88,000 and top altcoins showing signs of renewed momentum.

The surge suggests Kaspa’s unique blockDAG technology, which allows parallel block creation for faster transactions, continues to attract investor attention.

Kaspa price today

As of writing on April 22, 2025, Kaspa’s price is approximately $0.091, with a double digit increase in 24 hours.

Notably, the altcoin’s price is up 48% in the past two weeks and reached an intraday high above 0.092, its highest level since early March.

With a market cap of around $2.4 billion, KAS currently ranks 37th globally.

Meanwhile, the trading volume has spiked by over 80%, reaching $115 million, a scenario that signals strong market interest.

Despite KAS price being well below its all-time high of $0.2075 from August 2024, today’s performance suggests Kaspa is regaining traction.

The coin’s ability to process multiple blocks per second, aiming for 10 or even 100, underpins its appeal for scalability-focused investors.

Bitcoin helps bulls higher

Bitcoin’s climb above $88k has ignited optimism across the crypto market, providing a tailwind for altcoins like Kaspa.

The OG crypto’s resilience, driven by positive sentiment around institutional adoption and potential U.S. regulatory shifts, has lifted market confidence.

Granted, other top altcoins, including Dogecoin and IOTA, have also posted gains over the past week.

However, Kaspa leads the pack among 100 largest by market cap. Its proof-of-work model, akin to Bitcoin’s, positions it as a beneficiary of BTC’s bullish momentum.

I’m addition, MARA’s mining of KAS tokens since September 2023 further ties Kaspa’s fortunes to the broader PoW ecosystem, boosting its credibility and investor interest.

KAS price analysis

Technical indicators point to a bullish outlook for Kaspa.

A look at the daily chart shows KAS breaking above the $0.089 resistance, now acting as support, with the next targets at $0.106 and potentially $0.15.

Kaspa price chart by TradingView

The possible double bottom pattern combines with bullish indications from the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD).

The latter shows a bullish crossover, signaling continued upside potential.

However, volatility remains a risk, which could hinder a short term surge to $0.2. But if buyers sustain the momentum, this hurdle could give way to an extended rally.

 

The post Kaspa (KAS) price jumps 13% to lead top gainers today appeared first on CoinJournal.

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BTC nears resistance zone as analysts flag potential pullback to $76,600

  • Key resistance zone flagged between $86,549 and $88,244.
  • MicroStrategy buys 6,556 BTC worth $555.8 million.
  • $90,000 is seen as a psychological and technical barrier.

Bitcoin has surged back to near $89,000, inching closer to its all-time high and setting the stage for what could be a significant breakout.

According to crypto analyst Michael van de Poppe, the flagship cryptocurrency is now approaching a crucial resistance band between $86,549 and $88,244.

This level has historically been difficult to breach, often leading to temporary corrections.

However, the current market sentiment, combined with macroeconomic cues like a potential US-China deal, is fuelling speculation about a fresh rally past $90,000.

In a tweet posted earlier this month, van de Poppe shared a technical chart highlighting Bitcoin’s rebound and its current position near a historical resistance level.

He suggested that Bitcoin may first dip to retest support at $80,982 before making another attempt at a breakout.

A further decline to $76,604 is also possible if current support fails to hold, marking a retest of a previous support level that could now act as resistance.

Bitcoin gains 1.5% as whale accumulation boosts sentiment

Bitcoin’s rise above $88,500 has been aided by strong accumulation from institutional players.

Notably, US-based corporate holder MicroStrategy recently acquired 6,556 BTC at a total cost of around $555.8 million.

The purchase comes amid growing interest in Bitcoin as a hedge against inflation and geopolitical risks, and appears to have given the market a confidence boost.

According to CoinMarketCap, Bitcoin gained 1.5% in the past 24 hours, adding to its 4.7% weekly gain.

The surge has also lifted overall crypto market capitalisation past $2.7 trillion.

Source: CoinMarketCap

Van de Poppe noted that despite nearing overbought territory, the market may remain bullish if Bitcoin consolidates above $88,000.

A sustained rally past $90,000 could open up a move towards new highs, while failure to maintain support around $80,000 could send prices lower.

Analyst warns of pullback to $76,604 if support fails

Technical indicators show that Bitcoin’s RSI is approaching critical levels, suggesting a temporary correction could occur.

Still, many traders are watching the $90,000 resistance level as the next major milestone.

If Bitcoin manages to flip $90,000 into support, it could mark a psychological and technical breakthrough.

Historically, this kind of pattern has led to rapid price discovery.

However, if momentum fades, the cryptocurrency may struggle to hold onto gains and revisit lower support zones.

Van de Poppe outlined that a correction to $76,604 would still be within healthy limits and could act as a springboard for a future rally.

The price level was previously a key support and remains one to watch in the near term.

Macro trends could support the Bitcoin push

On the macroeconomic front, van de Poppe hinted at the potential impact of global events.

In particular, signs of de-escalation between the US and China could reduce market anxiety, prompting increased risk appetite among investors.

Geopolitical calm, combined with institutional accumulation and favourable regulatory signals, may set the stage for Bitcoin to finally break through its upper resistance.

However, short-term volatility should not be ruled out, especially as the asset hovers near historically reactive zones.

As of 14 April, Bitcoin is trading just above $88,606.

All eyes are now on whether the world’s largest cryptocurrency can consolidate its gains and surge through $90,000 in the coming sessions.

The post BTC nears resistance zone as analysts flag potential pullback to $76,600 appeared first on CoinJournal.

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Pi Network can still hit $5 despite $138M token unlock, says analyst

  • The over $$138.252 million Pi Network token unlock on over the next 30 days may pressure Pi’s price.
  • Whales have moved 41M PI off exchanges, hinting at a rebound.
  • Analysts predict $5 target with market and ecosystem growth.

Pi Network token has had a rough patch recently, with the Pi Network price dipping 80% from its all-time high to around $0.63 and struggling to gain momentum amid daily token unlocks.

Despite the immense bearish pressure exerted by the token unlocks, a bold Pi Network price prediction has emerged from analysts, one of whom foresee the PI token climbing to an impressive $5.

Why the $5 Pi Network price prediction could be realistic

To start with, Pi Network price today sits at around $0.63 with a sturdy support at $0.60, a zone some experts believe could serve as a springboard for a breakout toward higher valuations.

Technical analysis reveals a double-bottom pattern with a neckline at $0.7857, hinting at a possible breakout, while price prediction models suggest a climb to $1.83 by May 2025; a 190% jump from today.

Adding fuel to the optimism, Pi Network founder Nicolas Kokkalis is slated to speak at Consensus 2025, a major crypto event, signaling a boost in credibility for the project amid the latest Pi Network news.

Notably, Kokkalis’ appearance at Consensus 2025 alongside crypto giants like Eric Trump and Bo Hines coincides with the unlock of 5.6 million tokens, a move that could either weigh on the price or be absorbed by growing demand, depending on market dynamics.

At the same time, Pi token whale activity is turning heads, with a single investor withdrawing 7.5 million PI token valued at $4.82 million from OKX, part of a broader $48 million accumulation now worth $31 million.

From a broader perspective, whales have move approximately 41 million Pi tokens from crypto exchanges, signaling at massive accumulation.

Such large-scale accumulation suggests confidence in the Pi Network value, potentially foreshadowing a price surge as these investors position themselves ahead of key milestones.

Analysts also point to several drivers that could spur a potential recovery, including an improving cryptocurrency market, clearer Pi Network tokenomics, listings on top-tier exchanges, and broader ecosystem growth; all critical for the Pi Network price prediction to materialize.

A listing on exchanges like Binance or Coinbase could also ignite investor enthusiasm, pushing the Pi Network price beyond its stubborn resistance at $0.70, a level it has repeatedly failed to breach.

Beyond that, expanding real-world use cases for the PI token, such as applications or services accepting it, could solidify its utility and bolster long-term value.

Possible handles that could curtail Pi Network’s rise

The planned unlock of 219,065,154.07 tokens over the next 30 days and over 1.5 billion tokens over the next year raises concerns about dilution.

Pi Network token unlocks over the next month

And to make things worse, 35 billion PI tokens are held by insiders against 65 billion allocated to the community, a factor that could challenge the Pi Network price.

In addition, the Pi Network open mainnet launch problems, as users struggle to migrate to the mainnet, has limited exchange presence, keeping its market cap at $4.3 billion and its price in a holding pattern.

Nevertheless, the team has unveiled an elaborate Pi Network tokenomics with a total supply of 100 billion tokens; 65% allocated to community mining rewards, 10% to the foundation, 5% to liquidity, and 20% to the Core Team, and designed to scale with community migration to the mainnet.

This tokenomics structure aims to ensure fairness and prevent early dumping, tying the network’s progress to the speed of Pioneer adoption, a unique approach that could stabilize the Pi Network value over time.

In essence, while the 5.6 million tokens unlock poses a near-term risk, the $5 Pi Network price forecast hinges on Pi Network overcoming its challenges and capitalizing on its ecosystem expansion, making the Pi Network mainstream adoption a critical watchpoint.

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Dogecoin price outlook as Bitcoin approaches $100K

  • Dogecoin (DOGE) price is up 3% in 24 hours.
  • Bitcoin has broken above $88k and could target 100k.
  • Analysts see a bullish flip for crypto despite macroeconomic conditions.

Dogecoin price outlook is bullish as Bitcoin targets $100k, with key indicators and expert insights supporting this

While the cryptocurrency market remains largely negative, there’s a new buzz amid upward movement for Bitcoin (BTC).

Meanwhile, the lack of momentum for altcoins means most tokens still nurse huge losses since flipping negative amid a cool down in Trump-driven euphoria.

But despite the tariffs turbulence and broader risk asset market jitters, is Dogecoin price poised for a major spike?

Analysts say major altcoins, including Ethereum (ETH) and Solana (SOL), could post notable gains amid Bitcoin’s surge.

Dogecoin price gains in the past 24 hours

Dogecoin has surged 5.8% in the past 24 hours, trading at $0.82 as of 11:13 AM EAT.

The meme coin’s rally comes amid heightened volatility in the broader crypto market, with DOGE capitalizing on renewed retail interest and Bitcoin’s upward momentum. Trading volume has spiked 12% to $2.4 billion, reflecting strong buying pressure. DOGE has broken above a key recent price level. It’s likely a bullish signal that suggests potential for further upside if Bitcoin continues to surge.

However, there’s prevailing resistance levels that remain key hurdles for bulls in the near term.

Bitcoin eyes on $100k

Bitcoin is trading at $88,465, up 1.7% today. This 24-hour surge comes amid a 3.5% spike as the benchmark digital asset looks to break out.

The flagship cryptocurrency has been buoyed by expectations of increased liquidity from potential U.S. Treasury buybacks and a dovish Federal Reserve policy shift.

Analysts are closely monitoring BTC’s ability to break above $90k, which could pave the way for a test of the six-figure mark.

If there’s sustained move above $100,000 could trigger a broader altcoin rally, with meme coins like Dogecoin likely to benefit from speculative flows. Conversely, a rejection at this level might see BTC retest support near $80k.

What are analysts saying about BTC?

Arthur Hayes, co-founder of BitMEX, has been vocal about Bitcoin’s bullish outlook, predicting a potential surge to $250,000 by year-end if the Federal Reserve resumes quantitative easing (QE).

Hayes says US Treasury buybacks could inject significant liquidity into risk assets, with Bitcoin poised to benefit.

He stated, “This might be the last chance to buy Bitcoin below $100,000,” citing global liquidity trends as a key driver. QCP Capital, a leading crypto trading firm, shares a cautiously optimistic view.

The QCP analysis noted that Bitcoin’s momentum is supported by strong institutional demand and a favorable macroeconomic environment.

However, they warned that a failure to break $100,000 could lead to profit-taking, with $90,000 as a critical support level.

QCP’s analysis highlights the importance of sustained volume and bullish sentiment to maintain BTC’s upward trajectory.

Dogecoin price prediction

Dogecoin’s technical indicators suggest a mixed but cautiously bullish outlook.

The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) both suggest a potential bullish flip.

The latter has the MACD line moving above the signal line, reinforcing the potential for positive momentum.

DOGE price chart by TradingView

Furthermore, the histogram is expanding, hinting at a possible surge amid Bitcoin breaking higher.

Analysts predict Dogecoin could target $0.3, the upper Bollinger Band, if meme coin flows resume.

Historically, DOGE has closely followed BTC’s price movements, and a BTC bull run could drive speculative interest in Dogecoin.

On the downside, failure to hold the $0.15 support level might see DOGE retreat to $0.10.

Macroeconomic factors, including U.S. policy shifts and global liquidity, will play a crucial role in shaping DOGE’s trajectory.

 

 

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