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Cryptocurrency prices surged last week following comments from U.S. President Donald Trump about ongoing trade discussions with other countries, though specific details were not provided. Notably, Bitcoin climbed above $95,000 for the first time in over a month, while the market capitalization of Solana-based meme coins surpassed $10 billion. This week, all eyes are on Pi Network, Ripple (XRP), and Sui, as these cryptocurrencies show significant potential for market activity.

Sui: Token Unlock Could Impact the Rally

The Sui token, a leading layer-1 blockchain asset, has been one of the standout performers in the cryptocurrency space. It recently surged to $3.8, marking its highest level since February 1 and reflecting a 110% increase from its monthly low.

This rally has been fueled by the growth of meme coins within the Sui ecosystem, which contributed to a 60% increase in weekly decentralized exchange (DEX) volume. Over the past seven days, protocols on the Sui platform processed over $3.43 billion in transactions, pushing the monthly transaction volume to exceed $11 billion.

However, this momentum may face a hurdle as Sui prepares for a significant token unlock scheduled for Thursday. Tokens worth $120 million will be released, which could lead to market dilution and potentially impact the coin’s performance.

From a technical perspective, the daily chart suggests caution. The Sui price has entered overbought territory, with the Relative Strength Index (RSI) climbing to 77. This indicates a potential pullback, with key support levels likely around $2.8150—the neckline of the double-bottom pattern at $2.

XRP: Testing Key Resistance Levels

Ripple’s XRP is another cryptocurrency to watch closely this week due to its technical setup. As of Sunday, XRP was trading at $2.17, a critical price point for two reasons. First, it is aligned with the 50-day Exponential Moving Average (EMA), which has historically acted as a strong resistance level. Second, the price is situated along a descending trendline that connects the highest levels since January 16.

This descending trendline forms the upper boundary of a bearish descending triangle pattern, with the lower boundary set at $1.9437. In technical analysis, descending triangles often signal bearish outcomes. For XRP to break free from this pattern, it must rise above both the slanted trendline and the 50-day EMA. A failure to do so could lead to further declines.

Pi Network: Awaiting a Catalyst

Pi Network remains a cryptocurrency to monitor as its price continues to consolidate. Over the past few weeks, Pi has held steady at $0.6350, showing little participation in last week’s broader crypto market rally.

This prolonged consolidation could signify a “calm before the storm” scenario. A minor catalyst, such as a listing on a major cryptocurrency exchange, could trigger a significant price surge. Speculation has grown around potential listings, with HTX, a prominent exchange, hinting at the possibility of adding Pi Network to its platform. While no official announcement has been made, the anticipation has kept investors on edge.

Other Cryptocurrencies to Watch

In addition to Sui, XRP, and Pi Network, several other cryptocurrencies are worth attention this week:

  • Cetus Protocol and Maverick Protocol, which are gaining traction in the DeFi space.
  • Optimism and Pendle, both of which are set for token unlocks.
  • Morpho, another project with an upcoming token release.
  • Binance Smart Chain (BSC), which is preparing to launch its Lorentz upgrade.

Keep an eye on these developments as they may present opportunities for both short-term trading and long-term investment strategies.

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