Pi Network tops $0.1500 following mainnet upgrade

Key takeaways

  • PI has reclaimed the $0.1500 level after dropping below this critical area on Tuesday.
  • The positive performance comes following the mainnet upgrade. 

Pi Network has reversed its downward trend on Wednesday, climbing above the $0.1500 level following a major infrastructure upgrade to its mainnet nodes. 

At press time, PI traded around $0.1518, extending recent losses while technical indicators hinted at the possibility of a short-term rebound.

Pi Core team completes major mainnet upgrade

The Pi Core Team announced that major mainnet nodes have successfully upgraded to Stellar protocol version 23, reflecting the project’s reliance on the Stellar blockchain infrastructure.

The update also included several backend improvements, such as migrating the operating system from Ubuntu 20 to Ubuntu 24 and upgrading the database engine from PostgreSQL 12 to PostgreSQL 16.

The latest upgrade is aimed at improving network performance, security, and long-term scalability as the ecosystem continues to evolve.

PI price outlook: Technical indicators suggest a possible recovery

The PI/USD 4-hour chart is still bearish and efficient as PI has underperformed over the past few days.

The bearish performance comes despite the infrastructure progress. The token is currently trading below both the 50-period Exponential Moving Average (EMA) near $0.1605 and the 200-period EMA around $0.1709, maintaining a broader bearish outlook.

However, momentum indicators suggest selling pressure may be weakening. The Relative Strength Index (RSI) has dropped to near 29, signaling oversold conditions while also forming a positive divergence as price approaches Tuesday’s low of $0.1463.

This type of divergence often points to a potential reversal or short-term bounce. If buying momentum increases, PI could attempt to retest a descending trendline resistance near $0.1519.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator remains flat below the zero line, indicating fading bearish momentum but not yet confirming a bullish recovery.

PI/USD 4H Chart

A successful breakout above the $0.1519 resistance level could open the door for a stronger recovery toward the 50-EMA at $0.1605, followed by the 200-EMA near $0.1709.

On the downside, the recent low at $0.1463 remains a critical support zone. A daily close below that level could invalidate rebound expectations and potentially trigger additional downside pressure for Pi Network.

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Algorand price forecast: is ALGO’s Robinhood rally a bounce or reversal?

  • Algorand (ALGO) jumped 5% after Robinhood listed it for US users.
  • Algorand’s price has stayed between $0.1092 and $0.1173 with no breakout.
  • Weekly trend is still down 6.8% despite the short-term rally.

Algorand has recorded a sharp burst of activity following its addition to Robinhood’s crypto trading platform, including availability for users in New York.

At the time of writing, Algorand’s ALGO coin was trading near $0.1149, showing a 24-hour gain of about 5%.

Robinhood listing triggers short-term momentum

The listing on Robinhood marks a notable distribution shift for Algorand.

The listing on Robinhood gives access to a large base of retail users, and historically, new listings on major retail brokerages tend to attract immediate trading interest.

In this case, the move was preceded by a wave of market commentary highlighting the possibility of Robinhood adding ALGO.

During that period, Algorand recorded intraday gains in the range of 5% to over 7%, depending on the timeframe used across different market trackers.

Once the listing was confirmed, trading activity increased further, with daily volume reaching approximately $58.9 million according to data from Coingecko.

This spike in activity coincided with heightened attention from retail traders reacting to the expanded accessibility of the token.

Price structure still shows resistance to a sustained breakout

Even with the Robinhood-driven rally, Algorand continues to trade well below its long-term highs.

The token remains down roughly 96.8% from its all-time peak of $3.56, recorded in June 2019.

This long-term drawdown highlights how far the asset has moved away from its earlier cycle valuations.

Over the past seven days, ALGO is still down around 6.8%, indicating that the recent move has not fully reversed earlier weakness.

On a monthly basis, however, the token is up approximately 12.1%, showing that the asset has been recovering in bursts rather than maintaining a steady trend.

More recently, price behaviour has been shaped by a narrow trading band.

The 24-hour range between $0.1092 and $0.1173 aligns closely with the observed rally, suggesting that most of the move occurred within established short-term volatility limits rather than breaking out of a broader range structure.

A key technical observation is that while momentum improved after the listing, there has been no sustained push beyond recent resistance levels near the $0.117–$0.122 zone, where price has repeatedly stalled in prior short-term rallies.

Algorand price analysis

This indicates that buyers have not yet gained full control of trend direction.

Market reaction points to a liquidity-driven move rather than a trend shift

The current market setup shows characteristics of a liquidity-driven reaction rather than a structural reversal.

The combination of a confirmed Robinhood listing and rapid price expansion fits a pattern commonly seen when assets gain new retail access.

Trading volume near $59 million in 24 hours reflects increased participation, but the lack of follow-through beyond the immediate price spike suggests that the move is still largely sentiment-driven.

The fact that ALGO has remained negative over the past week reinforces the idea that recent gains are offsetting prior declines rather than establishing a new upward trend.

Outlook: bounce or reversal still unresolved

The expansion of availability on Robinhood, including access for New York users, increases the potential pool of participants.

This type of distribution event typically has two phases: an initial reaction driven by attention and a second phase where sustained demand either develops or fades.

With the token still trading far below historical highs and showing negative weekly performance, the recent move sits within a corrective recovery phase rather than a confirmed breakout structure.

Whether this develops into a trend reversal will depend on whether trading activity continues beyond the initial listing impact or fades back into the prior range.

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NEAR price climbs amid 32% volume spike: what’s the near-term outlook?

  • NEAR price surged to $1.66 amid a notable volume spike.
  • AI tokens bounced sharply, including Injective, Theta Network, and Akash Network.
  • The near-term outlook for NEAR suggests a retest of $2 if momentum holds.

NEAR Protocol (NEAR) has traded higher in the past 24 hours as bulls eye near-term gains.

The uptick for the artificial intelligence-related token aligned with a broader AI tokens surge on Tuesday, with NEAR seeing a notable rise in trading activity.

NEAR price gains amid 32% spike in daily volume

NEAR is trading at $1.62, up about 7% over the past 24 hours and roughly 4% higher on the weekly chart despite Monday’s brief plunge beneath $1.50.

The price appreciation coincides with a 32% surge in daily volume, with intraday action putting the metric at $295 million as of writing.

NEAR Price Chart
NEAR price chart by CoinMarketCap

Notably, that spike in activity has allowed NEAR to outpace many peers as the broader market navigates renewed downside pressure.

Likely, rotation into projects tied to on-chain compute and decentralized application ecosystems is driving the uptick.

The bounce in AI-related tokens provided additional strength to Injective, Theta Network, and Akash, each of which delivered gains of more than 5% in the past 24 hours.

Render also showed signs of eyeing a retest of a critical resistance level.

Crypto AI is trading up ahead of Nvidia’s first-quarter earnings results.

The industry heavyweight will report on May 20, and tokens across crypto are up amid broader anticipation.

Nvidia’s CEO Jensen Huang recently traveled to China with President Trump, with the US president meeting Chinese President Xi Jinping in a key summit.

NEAR price prediction

Technical indicators suggest a short-term bullish bias for NEAR.

On the daily chart, price action is forming what appears to be a cup-and-handle pattern.

This is a consolidation structure that often precedes continuation to the upside if the handle resolves on renewed volume.

NEAR also currently trades above major moving averages, an arrangement that typically favors buyers. But that’s not all.

Momentum metrics bolster the constructive outlook, with the average directional index (ADX) on the daily frame pointing to a strengthening trend.

Elsewhere, the relative strength index (RSI) sits near 64, indicating momentum with room for further appreciation before reaching overbought territory.

The Awesome Oscillator and MACD indicators both show bullish readings that align with a buying opportunity in the near term.

Price targets and risk levels

If bullish conditions persist, NEAR could extend above the $1.70 level.

Near-term upside targets would be in the $2.00 to $2.50 range, should volume maintain its recent lift and the cup-and-handle pattern get validated.

On the flipside, the initial support band lies around $1.50. The region marks a key consolidation zone, below which could be $1.20.

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Morpho price eyes relief bounce to $2 as buyers show resilience

  • Morpho is slightly up over the past 24 hours, trading around $1.77.
  • Bulls eye a rebound after the latest broader cryptocurrency market dip.
  • Ecosystem growth appears to bolster a short-term uptick.

Morpho (MORPHO) price has staged a modest intraday recovery after tumbling to session lows of $1.64 earlier in the day.

The slide coincided with Bitcoin’s sharp pullback to about $76,000, which pulled most altcoins lower and sees many hovering at near-term support levels.

MORPHO, however, has since moved 3% off its intraday lows and was trading around $1.76 at the time of writing, reflecting a relief bounce as buyers stepped in.

According to CoinMarketCap data, intraday highs across exchanges stood at $1.77.

Key integrations in Morpho ecosystem

The gains cut weekly losses to 16% and monthly downturn to about 14%.

No major upward catalysts are helping buyers, but Morpho’s expanding ecosystem is worth noting.

The project recently launched its DeFi layer on Tempo, powered by RedStone oracle feeds, and went live with curated vaults managed by Gauntlet and Sentora.

Both teams selected RedStone as the primary Oracle infrastructure for the new markets.

Market participants could view the launch as a supportive development that could underpin short-term liquidity and use-case expansion.

Morpho has also been named a launch partner for Upshift Clear, joining Superstate on the initiative.

Upshift Clear functions as an instant redemption facility for tokenized real-world assets (RWAs), beginning with USCC.

Under the arrangement, idle USDC deposited in Clear vaults is routed into Morpho markets between redemption events.

The platforms say this creates additional on‑chain capital flow into MORPHO liquidity pools.

MORPHO price analysis – relief rally or fresh momentum?

Bear dominance over the past month suggests that the drop to $1.64 and bounce to $1.77 could be a relief rebound rather than a definitive trend reversal.

The technical picture, however, shows early signs of bullishness.

Bulls holding above the $1.70 mark would be a constructive signal for short-term traders to breach the $1.80 supply zone.

If this happens, buyers could open the path toward a $2.00–$2.20 target zone.

That upside will likely depend on continued interest in Morpho’s ecosystem and broader market stability.

Notably, a recovery in Bitcoin would ease pressure across the sector, with an altcoin rally likely amid capital distribution.

Failure to sustain levels above $1.70 would, however, leave MORPHO exposed to further downside action.

The likelihood of a retest of $1.60, which stands as a key near-term support, remains.

A decisive break below this could invite deeper selling and shift the outlook back to bearish.

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Will the CEX outflows allow PI to recover above $0.1500?

Key takeaways

  • PI is up by nearly 2% as bulls attempt to push the price above $0.1500.
  • The ongoing token unlock could still put further pressure on the coin. 

Bulls look to push PI above $0.1500

Pi Network (PI) has been one of the worst performers among the leading cryptocurrencies in recent days. 

The coin is down 12% in the last seven days, underperforming compared to the broader crypto market. However, it has slightly bounced back after adding 2% to its value since Monday.

PI is now trading at $0.1507 on Tuesday, thanks to the outflows from Centralized Exchanges (CEXs). 

Despite that, PI could continue to face selling pressure as the mainnet migration surpasses CEX withdrawals.

Data obtained from PiScan reveals that 2.55 million PI tokens left exchanges over the last 24 hours, a figure that typically signals a surge in buying activity. 

While the outflow to CEXs will reduce selling pressure on PI, it is still not enough to absorb the migration tokens. 

Migration statistics reveal that 4.36 million PI tokens were transferred from testnet to mainnet on Tuesday, enabling holders to deposit this unlocked supply on CEXs. 

This latest development comes after 7.65 million PI tokens were migrated on the previous day.

Will the $0.1500 support level hold?

The PI/USD 4-hour chart remains bearish and efficient despite PI adding 2% to its value in the last 24 hours. 

The short-term recovery might not hold as the selling pressure is currently outweighing the demand. 

Momentum indicators reinforce this pressure, with the Relative Strength Index (RSI) hovering just above oversold territory near 34. 

PI’s Moving Average Convergence Divergence (MACD) line on the 4-hour chart also remains slightly negative below the zero line, adding further confluence to the bearish narrative. 

PI/USD 4H Chart

If the sellers continue to dominate, PI could drop below the $0.1500 and test the support levels at $0.1440 and $0.1345 in the near term. 

However, if the bulls regain control and push the price above the $0.1605 resistance level, it could allow PI to extend its rally towards the 100-period EMA at roughly $0.1684.

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