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PinLink (PIN) Price Jumps 15%, Nears $90 Million Market Cap

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PinLink (PIN) price has been gaining momentum, surging 15% in the last 24 hours as it nears a $90 million market cap. Technical indicators show mixed signals, with the RSI cooling down from near-overbought levels while the ADX suggests the uptrend is still strong but possibly stabilizing.

A recent golden cross in the EMA lines indicates that if bullish momentum continues, PIN could test resistance at $1.17 and potentially push toward $1.41 or even $2 if AI, DePIN, and RWA narratives regain traction. However, if the uptrend loses strength, PIN could retest support at $0.70, with a deeper correction down to $0.51 still on the table.

PinLink defines itself as the first RWA-tokenized DePIN marketplace. It aims to reduce costs for artificial intelligence developers while enabling new revenue streams for DePIN asset owners.

By integrating real-world assets (RWA) with decentralized physical infrastructure networks (DePIN), PinLink aims to provide an efficient marketplace for developers to access AI-related resources at lower costs.

At the same time, asset owners can monetize their infrastructure, creating a more decentralized and cost-effective ecosystem.

PIN RSI.
PIN RSI. Source: TradingView.

Currently, PIN’s RSI is at 58.6 after briefly touching 69.98 a few hours ago, surging from just 24.4 four days ago. The Relative Strength Index (RSI) is a momentum indicator that measures whether an asset is overbought or oversold, ranging from 0 to 100.

Readings above 70 suggest overbought conditions and a potential pullback, while values below 30 indicate oversold conditions and the possibility of a rebound.

With PIN’s RSI rising sharply in a short period but now cooling down from overbought territory, it suggests that buying pressure has been strong but is now stabilizing.

If RSI continues to hold above 50, PIN could maintain bullish momentum, but if it declines further, it may indicate weakening demand, increasing the risk of a short-term correction.

PIN ADX Shows the Uptrend Is Still Strong, But Could be Easing

PinLink ADX is currently at 29.3, slightly down from 30.2 a few hours ago, after surging from 22.4 just three days ago. The Average Directional Index (ADX) is a key indicator used to measure the strength of a trend rather than its direction.

Readings above 25 typically indicate a strong trend, while values below 20 suggest weak or nonexistent trend momentum. A rising ADX signals that a trend – whether bullish or bearish – is gaining strength, while a declining ADX can indicate fading momentum or potential consolidation.

PIN ADX.
PIN ADX. Source: TradingView.

With PIN’s ADX currently at 29.3, the indicator suggests that the uptrend is still holding strength but may be slowing slightly. The recent increase from 22.4 confirms that PIN has been building a stronger trend over the past few days, reinforcing bullish momentum.

However, the small dip from 30.2 could indicate that trend strength is stabilizing rather than accelerating.

If ADX remains above 25 and continues rising, it would confirm that the altcoins’ uptrend is gaining traction, but if it starts dropping toward 20, it could signal that the bullish momentum is weakening, leaving room for potential consolidation or a shift in the market direction.

PinLink EMA lines indicate a bullish signal, as a short-term moving average has just crossed above another short-term line, forming a golden cross. If this uptrend remains strong, PIN, which is based on Ethereum, could test its next resistance at $1.17, and a breakout above this level could push the price toward $1.41.

Additionally, if narratives around AI, DePIN, and RWA regain momentum, PinLink could benefit from renewed market interest, potentially driving its price toward the $2 mark.

PIN Price Analysis.
PIN Price Analysis. Source: TradingView.

On the downside, if PIN fails to sustain its current bullish momentum and the trend reverses, it could face a retest of the $0.70 support level.

A break below this level could accelerate selling pressure, leading to a deeper decline toward $0.51 – a potential 50% correction from current levels.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Price Struggles to Hold Gains—Could Bears Take Over?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Pi Open Network Will Launch February 20

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Pi Network has announced that it will officially launch its Open Network at 8 AM UTC on February 20, 2025. This marks the network’s transition to the Open Network phase of Mainnet.

The network had previously confirmed its plans to launch the Open Network as soon as possible in Q1 of 2025. 

Pi’s Open Network Will Launch In February 

This launch signifies the conclusion of the Enclosed Mainnet period, which began in December 2021. Throughout this period, the Mainnet was operational but safeguarded by a firewall, limiting external connectivity.

Now, with the firewall lifted at the Mainnet launch, users will be able to connect Pi to external systems, allowing it to be used in real-world applications. Notably, this phase laid the groundwork for the transition to the Open Network, giving Pioneers the opportunity to complete their KYC and gain access to Pi on Mainnet. 

It also provided developers with the time to build and launch real-world applications and utilities within the Pi ecosystem. Meanwhile, the Core Team focused on releasing and refining various features and utilities to support the network’s growth and functionality.

Ahead of the launch, Pi Network revealed that it surpassed its original goal of 10 million Mainnet migrations, reaching an impressive 10.14 million. 

“Pi is ready to open its utilities-driven ecosystem where our now over 19 million identity-verified Pioneers can use Pi—a cryptocurrency with real-world functions and applications backing it,” the announcement read.

Moreover, following the announcement, crypto exchange OKX confirmed that it will list PI on the same day as the launch. Spot trading will be available for the PI/USDT pair.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Bitcoin Price Stuck Below $100K: Will Momentum Pick Up?

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Este artículo también está disponible en español.

Bitcoin price is consolidating above the $95,000 support zone. BTC is struggling and might extend losses if it stays below the $100,000 level.

  • Bitcoin started a fresh decline from the $98,500 resistance zone.
  • The price is trading below $96,500 and the 100 hourly Simple moving average.
  • There was a break below a connecting bullish trend line with support at $96,670 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start another increase if it clears the $97,600 zone.

Bitcoin Price Dips Again

Bitcoin price failed to continue higher above the $100,000 zone. It started another decline below the $96,500 zone. BTC gained bearish momentum for a move below the $96,000 and $95,500 levels.

There was a break below a connecting bullish trend line with support at $96,670 on the hourly chart of the BTC/USD pair. The price tested the $95,000 zone and recently recovered some losses. There was a move above the $95,750 level.

The price surpassed the 23.6% Fib retracement level of the downward move from the $98,442 swing high to the $94,899 low. Bitcoin price is now trading below $96,500 and the 100 hourly Simple moving average.

On the upside, immediate resistance is near the $96,650 level. The first key resistance is near the $97,000 level. The next key resistance could be $97,600 or the 76.4% Fib retracement level of the downward move from the $98,442 swing high to the $94,899 low.

Bitcoin Price
Source: BTCUSD on TradingView.com

A close above the $97,600 resistance might send the price further higher. In the stated case, the price could rise and test the $98,500 resistance level. Any more gains might send the price toward the $100,000 level.

Another Decline In BTC?

If Bitcoin fails to rise above the $97,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $95,500 level. The first major support is near the $95,000 level.

The next support is now near the $93,500 zone. Any more losses might send the price toward the $92,000 support in the near term. The main support sits at $91,000.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $95,500, followed by $95,000.

Major Resistance Levels – $97,000 and $98,000.



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