Schlagwort: blockchain analysis

• Pi Network price tests breakout at $0.3610 with $0.344 as key support.
• Pi Network ecosystem expands with PiOnline, v23 upgrade, and Token2049 spotlight.
• Whale buys 350M+ PI, but daily unlocks risk supply dilution.

Pi Network’s native token, PI, is showing renewed signs of life after weeks of sluggish performance, supported by ecosystem expansion, protocol upgrades, and whale accumulation.

The upcoming V23 Protocol Upgrade on September 15 has become a key catalyst, drawing attention to whether PI Coin can sustain its recent rebound or slip back into weakness.

Bulls test a fragile breakout

PI Coin has managed modest gains in recent sessions, climbing more than 3% in the past 24 hours to trade around $0.3549.

This rebound comes after a month-long decline of nearly 12%, reflecting cautious optimism among traders.

Analysts note that the token has been testing the upper boundary of a falling channel, with a close above $0.3610 needed to confirm a breakout.

If that move is sustained, the next obstacle sits at the 50-day exponential moving average near $0.3836.

Technical indicators are also showing bullish signals, with the MACD line and its signal counterpart on a steady uptrend, hinting at growing bullish momentum.

The RSI has also recovered toward neutral territory near 50, showing an increase in buying pressure after weeks of subdued sentiment.

According to market analysis by CoinLore, holding above $0.3426 is critical for bulls to target higher levels, with resistance levels set at $0.4767, $0.5931, and $0.7742.

Ecosystem expansion fuels renewed optimism

Beyond technicals, Pi Network’s ecosystem expansion has provided fresh energy.

The launch of PiOnline, a hybrid gaming and DeFi application with staking and DAO governance, has been well-received by the community.

In addition, Pi has taken a Gold Sponsorship slot at the upcoming Token2049 conference in Singapore, offering the project a major visibility boost at a global Web3 event.

Dr. Chengdiao Fan, one of two Founders at Pi Network, will be a speaker at the TOKEN2049 conference, which takes place on October 1-2 in Singapore! https://t.co/npzT9pDUiJ

As one of the largest crypto events in the world, this conference is a great opportunity for Pi Network to…

— Pi Network (@PiCoreTeam) September 8, 2025

On the protocol side, version 23 of the network introduces decentralised KYC processes and Linux node support, marking significant steps toward scalability and regulatory compliance.

Meanwhile, developer activity has been rising, with 37 new projects launched on the Testnet at the start of September.

These include DeFi and gaming apps, alongside the anticipated V23 upgrade that promises to improve cross-chain interoperability.

Such progress has been seen as a sign that Pi is pivoting beyond its mining-focused origins and moving closer toward becoming a functioning ecosystem with tangible utility.

Whale activity stirs speculation

While retail demand has softened in recent weeks, on-chain data shows a different story from larger players.

A mysterious whale wallet, identified as “GAS…ODM,” has accumulated more than 350 million PI tokens, valued at over $124 million.

Another large holder reportedly controls more than 373 million PI.

This kind of accumulation often signals confidence among big investors and has led some analysts to suggest that Pi may be in the Wyckoff accumulation phase, which can precede sharp rebounds.

That said, supply dynamics remain a risk, with around 159.5 million tokens unlocking daily through September, adding up to roughly $56.7 million in a month.

This constant flow could dilute prices if demand does not keep pace.

Pi Network price forecast

As the V23 Protocol Upgrade approaches, Pi Network sits at a critical juncture. The coming weeks will reveal whether the token’s rebound can extend into a sustainable rally or if supply pressures will drag it back toward recent lows.

The short-term outlook for Pi hinges on whether the token can hold above its seven-day simple moving average around $0.344.

A failure to maintain that support could open the door to another test of the August low near $0.322.

On the flip side, breaking above the $0.3610 trendline and sustaining momentum could pave the way toward the $0.3836 level and potentially higher resistance points outlined by analysts.

Longer term, the combination of whale accumulation, fresh protocol upgrades, and greater accessibility through partnerships like Onramp Money may help to strengthen Pi’s position in the market.

The project’s challenge will be balancing supply inflation with real adoption and securing listings on major exchanges such as Binance or Coinbase to unlock deeper liquidity.

The post Pi Network price forecast ahead of the V23 Protocol Upgrade appeared first on CoinJournal.

Key takeaways

• SOL is approaching $240 after adding 7.5% to its value.
• The cryptocurrency is now targeting the $250 psychological level.

SOL outperforms other major cryptos, approaches $240

SOL, the native coin of the Solana blockchain, is the best performer among the top 10 cryptocurrencies by market cap in the last 24 hours. The coin has added 7.5% to its value in the last 24 hours and is now trading at $238.8 per coin.

The positive performance comes as Bitcoin and other leading cryptocurrencies recorded strong gains this week. Bitcoin briefly dropped below $114k on Thursday following the CPI news, but has now bounced back to hit the $116k level.

Ether, the second-largest cryptocurrency by market cap, has also reclaimed the $4,500 mark, while XRP is trading above $3 once again.

With XRP now approaching $240, the coin could extend its gains over the next few hours. It is up by 15% since the start of the week, only behind Dogecoin in terms of performance. 

SOL eyes the $250 psychological level

The SOL/USD 4-hour chart has flipped bullish thanks to Solana’s rally over the last few days. The technical indicators are also bullish, suggesting that buyers are currently in control of the market.

The RSI of 74 shows that SOL is heading into the overbought territory if the trend continues, with the MACD lines also within the positive region. 

If the rally continues, SOL could hit the $250 psychological level soon, with a minor resistance at $243. An extended bullish run would bring its all-time high price of $294 into play over the coming days or weeks.

However, the market could face a correction following days of positive performances. If that happens, SOL could retest the ILQ and support level at $220 in the near term. Failure to defend this level could see SOL to the weekly low of $211.

The post Solana price prediction: SOL targets $250 as it outperforms the broader market appeared first on CoinJournal.

• Institutional demand and ETF momentum fuel Solana’s rally.
• Network upgrades have boosted speed, efficiency, and DeFi growth.
• Key test ahead as SOL eyes breakout above $245–$250.

The Solana price has surged to a seven-month high, extending its lead as one of the best performers in the digital currency market this year.

The token, which recently climbed past $225, has outpaced broader crypto benchmarks as investors, institutions, and traders rally behind what many see as a pivotal stage for the blockchain’s growth.

With momentum building from technical, institutional, and macroeconomic factors, Solana’s near-term outlook is now tilting towards a test of $250.

Solana price analysis

Solana’s recovery from earlier support around $200 has turned into a sustained rally, fueled by higher highs and steady trendline support.

Notably, there is an ascending triangle formation that often precedes sharp breakouts, with resistance zones emerging between $245 and $280.

A clean push above these levels would put Solana in striking distance of its January all-time high near $293.

Technical indicators remain bullish, with the Relative Strength Index (RSI) hovering at manageable levels despite recent gains, while the MACD has flashed a golden cross that signals further upward momentum.

As long as $200 holds as a solid floor, Solana’s chart continues to favour the bulls.

Solana institutional interest rises

Solana’s futures open interest on the CME reached a record $1.49 billion on September 9, underscoring the role that large investors are playing in driving demand.

Additionally, the launch of the first US Solana staking ETF has deepened the trend, adding legitimacy to Solana’s position within regulated markets.

Fresh developments on Wall Street have amplified the story, with Nasdaq recently welcoming the listing of SOL Strategies (ticker STKE), the first Solana-focused treasury company, which currently holds about $90 million worth of the token.

The listing is seen as a milestone for institutional validation, echoing the trajectory Bitcoin followed with ETFs.

At the same time, other firms such as Upexi and DeFi Development Corp. have accumulated hundreds of millions in Solana (SOL) this year, while Forward Industries announced a $1.65 billion raise with plans to anchor a large Solana treasury.

Solana network gets faster

The Solana blockchain itself is also undergoing meaningful upgrades.

For instance, the recent Alpenglow consensus upgrade has reduced transaction finality to just 150 milliseconds, while recent capacity increases have boosted throughput by two-thirds.

These changes address previous bottlenecks and enhance Solana’s appeal as a high-performance Layer 1 network.

In addition, although memecoins still dominate fee generation, Solana’s total value locked in DeFi has reached $13 billion, rising sharply over the third quarter.

Solana price forecast

The short-term Solana price outlook is centred on whether Solana can close above the $245 to $250 zone.

A decisive breakout would strengthen the case for an extension toward $280, with higher targets of $300 to $350 possible if momentum continues.

Macroeconomic conditions could provide the additional fuel needed for the rise to $280, markets pricing in US interest rate cuts before the year’s end, a shift that often benefits risk assets like cryptocurrencies.

If ETF approvals materialise in the coming months, Solana’s relatively smaller market size compared to Bitcoin and Ethereum means that even moderate inflows could have an outsized effect on its price.

However, a pullback toward $200 remains a risk if profit-taking sets in, especially given the token’s strong 90-day run of more than 55%.

The post Solana price hits 7-month high, outlook points at $250 appeared first on CoinJournal.

• Fusionist (ACE) surges 46% with $285M trading volume spike.
• Binance upgrade support boosts investor confidence.
• Token unlock on Sept 14 may test market stability.

While Fusionist (ACE) price is down over 95% from its all-time high of $16.73, which was reached on December 21, 2023, the token has stunned many with today’s 46.6% price surge.

The rally comes after a volatile stretch in which ACE struggled near its all-time low of $0.4266 earlier this year.

The price surge has been accompanied by explosive trading activity, with volumes jumping over 2,800% in 24 hours to reach nearly $285 million.

That kind of liquidity surge often signals renewed attention from both retail traders and institutional players, and it has pushed Fusionist into the spotlight across the broader crypto market.

Now, with the price climbing back above $0.77, the question is whether this is the start of a longer recovery or just another speculative spike.

Technical breakout

Fusionist (ACE) recently broke through its short-term resistance levels, crossing above the 7-day simple moving average at $0.5139 and the 30-day exponential moving average at $0.5362.

Momentum indicators back the bullish outlook with the Relative Strength Index (RSI) climbing to 61.25, placing the token near the overbought territory, while the MACD histogram has flipped positive.

However, the speed of the rise raises the risk of a pullback. With the RSI nearing 70, profit-taking could drag the token lower if the rally loses steam.

Eyes are on the $0.50 Fibonacci retracement level, as holding above that price would confirm continued strength, while a failure could see ACE revisit its earlier support near $0.53.

Exchange support boosts ACE’s credibility

Beyond the charts, ACE’s credibility has been reinforced by major exchange backing.

Binance’s support for Fusionist’s network upgrade on August 20 provided reassurance to traders.

The seamless handling of the hard fork without trading disruptions suggested the project is maturing technically, making it more attractive to investors wary of protocol risks.

Such endorsements often build confidence that extends beyond short-term speculation.

Gaming ecosystem adds to the hype

Fusionist (ACE) is not just a token trading on momentum. Its network’s expanding gaming ecosystem has been a catalyst for community engagement.

The Game2 test, which concluded on September 8, distributed over 90,000 ACE in rewards to players and bug hunters.

🚀 Fusionist Game Test Live!

⏰ Aug 25 08:00 – Sep 8 07:59 (UTC+0)

🏆 Rewards
100,000 $ACE
Exclusive NFTs: AP / QP / BM
Separate pools for Perp, Game2, & Bug Report

🎮 Join the Test
Perp (Findex): https://t.co/SKu0zxMURa
Game2 Download: https://t.co/BnVxB3S779
Bug Report:… pic.twitter.com/T6XZ9y1aeD

— Fusionist 🛸👾 | Endurance ♠️⛓ (@fusionistio) August 25, 2025

The incentive program encouraged NFT holding and staking, locking tokens into the ecosystem while building loyalty among users.

At the same time, upcoming appearances at major industry events like the Tokyo Game Show have fueled speculation about future gameplay developments.

ACE price outlook remains uncertain

While a majority of the factors point to a bullish momentum at least in the short term, an upcoming token unlock event risks causing heightened market volatility.

On September 14, $716,000 worth of ACE (about 2% of supply) will be released into circulation.

While small compared to the project’s $60 million market cap, token unlock events often test liquidity and can spark short-term volatility, and whether staking and demand can absorb the new tokens will be critical in determining if the bullish ACE price momentum holds.

If ACE holds its recent gains and stabilises above support levels, it could mark the beginning of a more durable recovery.

If not, today’s breakout may fade like many before it.

The post Fusionist (ACE) price outlook as it jumps 46% appeared first on CoinJournal.

Key takeaways

• BTC has reclaimed the $114k mark and is now targeting the $117k resistance level.
• The core Producer Price Index (PPI) dropped 0.1% month-over-month, increasing the chances of a Fed rate cut next week. 

Bitcoin reclaims $114k

The cryptocurrency market has continued its excellent start to the week, with BTC and other leading cryptos currently in the green. Bitcoin reclaimed the $114k mark on Wednesday after adding 3% to its value over the past few days.

The positive performance comes following the PPI data release on Wednesday. The core Producer Price Index (PPI), which excludes food and energy, declined 0.1% month-over-month, which is lower than the 0.3% increase analysts expected. Annual core inflation eased to 2.8% from July’s revised 3.4%. 

The decline in inflation could pave the way for the Fed to cut interest rates next week. The CPI data will be published on Tuesday, and this could strengthen the Fed’s resolve. 

In an email to Coinjournal, XBTO’s Chief Investment Officer, Javier Rodriguez-Alarcón, stated that a Fed rate cut could spark Bitcoin’s next breakout. The analyst added that,

Macro conditions are also supportive: investors are widely expecting the Federal Reserve to begin cutting rates this month, which has lifted confidence across risk assets and reinforced Bitcoin’s role as a hedge. 

At the same time, the SEC has unveiled a more crypto-friendly rulemaking agenda, and Cboe is preparing to launch new long-dated Bitcoin and Ethereum futures, showing how policy and market infrastructure are moving in tandem.

BTC targets $117k resistance level

The BTC/USD 4-hour chart is bullish and efficient as Bitcoin has been performing well over the past few days. The momentum indicators are also bullish, suggesting that BTC could be preparing for another breakout.

The RSI of 62 shows that buyers are in charge, with the MACD lines also within the bullish region. If the rally continues, BTC could surge past the first major resistance level at $117,424 in the coming hours or days. An extended bullish run would allow BTC to reclaim the $119k level.

However, the market might undergo a correction heading into the weekend. If that happens, BTC could retest the TLQ and support level at $110k in the near term.

The post Bitcoin eyes $117k as PPI data boost chances of a rate cut appeared first on CoinJournal.