Onyx has introduced Goliath, a Layer-1 blockchain designed for financial institutions. The project aims to provide a scalable and secure infrastructure for banks and financial service providers. 

Onyx says Goliath will offer transaction speeds comparable to networks like Visa, which processes 24,000 transactions per second. It’s a bold claim, and the mainnet launch will reflect how true this might be. 

Onyx Goliath Will Provide High-Speed Transactions with Proof-of-Stake

Goliath will use a Proof-of-Stake (PoS) consensus mechanism to support high-speed transactions. PoS reduces energy consumption by selecting validators based on the number of tokens staked.

According to the announcement, the project builds on XCN Ledger. Onyxcoin already uses it as a Layer-3 roll-up solution within the Onyx ecosystem. 

Goliath will operate independently as a Layer-1 blockchain but will remain interoperable with existing financial networks.

Also, Onyx has outlined key milestones for the project. The testnet will be deployed in Q3 2025, while the mainnet launch will take place in early 2026. 

Meanwhile, Onyx is also launching a Points Program for its Layer-3 XCN Ledger. Participants who bridge assets like WETH, USDT, CBTC, and USDC from the Base blockchain to Onyx will receive incentives. 

“Onyx Goliath is a revolutionary Layer 1 blockchain aimed at reshaping global finance. Designed for banks and financial institutions, it promises unmatched scalability, security, and speed,” Onyx team wrote on X (formerly Twitter).

While Goliath will introduce a new blockchain layer, XCN will remain on Ethereum. The token will be bridged to the new network, maintaining compatibility with DeFi platforms.

XCN fell over 11% today, but a major drop took place hours before the Goliath announcement. The crypto market has taken a serious beating today, as bearish news from the Federal Reserve has combined with other economic woes to crater the big pump from this weekend.

Indeed, shortly after Onyxcoin jumped up this month, there was a mass exodus of old investors. The team made a valiant effort to regain this sliding momentum, but it slid 50% in February. Earlier today, a whale-led breakout attempt failed, and it doesn’t look like Goliath will do much to halt XCN’s slide either.

Ondo Finance (ONDO) briefly surged almost 20% yesterday, but the gains were reversed within 24 hours. Despite this pullback, ONDO remains a major player in the real-world asset (RWA) sector.

Technical indicators suggest momentum is slowing, while whale activity has declined for the first time in over two weeks. Whether ONDO can recover and push past key resistance levels or continue its correction toward lower support zones will depend on market sentiment and potential future developments regarding its inclusion in the reserve.

ONDO RSI Is Going Down After Reaching Its Highest Levels In 3 Months

ONDO surged in momentum yesterday, pushing its Relative Strength Index (RSI) to 76.1 before cooling off to 54.8.

The RSI is a widely used momentum oscillator that measures the speed and magnitude of price movements on a scale from 0 to 100. Readings above 70 indicate overbought conditions, often signaling a potential pullback.

Meanwhile, readings below 30 suggest oversold conditions that may lead to a rebound. With ONDO’s RSI briefly crossing 70 for the first time in three months, traders took it as a sign of strong bullish momentum before the recent retracement.

Now sitting at 54.8, ONDO’s RSI has dropped back to neutral territory, reflecting a slowdown in buying pressure. This suggests that the recent rally may have been overextended, leading to profit-taking and a potential period of consolidation.

If RSI stabilizes above 50, ONDO could maintain its bullish structure and attempt another move higher.

However, if it continues to decline toward 40 or lower, it could indicate weakening momentum, increasing the chances of further downside.

The Number Of ONDO Whales Dropped For The First Time Since Mid-February

The number of ONDO whales – wallets holding between 1 million and 10 million ONDO – had been steadily increasing since February 17, rising from 203 to 221 by March 1.

However, this trend reversed in the last few days, with the number of whales now dropping to 214. Tracking whale activity is crucial because large holders can significantly impact price movements through their buying or selling decisions.

A rising number of whales often signals accumulation, suggesting confidence in ONDO’s long-term potential, while a decline could indicate distribution, increasing the risk of selling pressure.

Despite the recent drop, the current number of whales remains high compared to previous months. That suggests that broader confidence in the asset is still intact.

However, this is the first decline in over 15 days, which could signal that some large holders are taking profits or repositioning. If this trend continues downward, the RWA coin could face increased selling pressure, potentially leading to further corrections.

On the other hand, if whale numbers stabilize or start rising again, it could indicate renewed accumulation. This would suggest a potential price rebound.

ONDO Falls Below $1

The broader market rally pushed ONDO’s price close to $1.20 yesterday before a correction began, signaling that traders were taking profits.

While ONDO remains a key player in the real-world asset (RWA) sector, its short-term price movement will depend on whether the current pullback deepens or stabilizes.

If the correction continues, it could test support around $0.95. Further declines could potentially bring it down to $0.90 or $0.88. If it drops below $0.80, this would be the first time that has happened since November 2024.

However, if bullish sentiment returns, ONDO could regain momentum, especially if the US takes a more crypto-friendly stance on RWAs or if ONDO is eventually added to the US strategic crypto reserve.

In that scenario, it could break through resistance at $1.26 and $1.44, with a strong rally potentially sending it toward $1.66.

Pi Network (PI) has seen a sharp decline of nearly 43% over the past four days after reaching levels close to $3. Despite the recent drop, technical indicators suggest that the downtrend may be losing momentum, with both the DMI and BBTrend showing signs of stabilization.

If bullish pressure returns, PI could attempt to break above key resistance levels, potentially setting the stage for a move toward $3. However, if selling pressure intensifies, PI could fall below $1.50 and test lower ranges.

Pi Network DMI Shows the Downtrend Is Losing Steam

Pi Network’s trend strength has sharply declined, as reflected in its Directional Movement Index (DMI).

The Average Directional Index (ADX), which measures the strength of a trend, dropped from 37.5 yesterday to 16, indicating that the prior downtrend has significantly weakened.

The ADX does not indicate direction but rather the intensity of a trend, with values above 25 suggesting a strong trend and anything below 20 pointing to weak or indecisive price action. With the ADX at 16, PI is currently in a phase where momentum is fading, suggesting that neither buyers nor sellers have firm control.

Alongside this, PI’s +DI (positive directional index) has declined from 25.8 to 17, signaling a weakening bullish force. In contrast, the -DI (negative directional index) has risen from 17.8 to 23, reflecting an increase in selling pressure.

This shift indicates that PI is still in a downtrend, though not a particularly strong one, as the ADX suggests low trend strength overall. If -DI continues to rise while ADX stays below 20, PI could remain in a sluggish downtrend rather than a steep decline.

However, if ADX starts climbing again alongside the -DI, selling pressure could intensify, leading to a sharper drop. Conversely, if buyers step in and push +DI back above -DI, PI could stabilize and potentially enter a consolidation phase.

PI BBTrend Is Still Negative, But Recovering From Recent Lows

Pi Network has been in a prolonged downtrend, as indicated by its BBTrend indicator, which has remained negative since February 28.

Yesterday, PI’s BBTrend hit a negative peak of -27.9, signaling intense selling pressure before recovering to its current level of -6.6. The BBTrend, derived from Bollinger Bands, is a volatility-based indicator that helps measure the strength and direction of a trend.

Readings above zero suggest a bullish trend, while negative values indicate bearish momentum. When BBTrend falls below -10, it often signals a heavily oversold condition, while a rise back toward neutral territory suggests a potential slowdown in selling pressure.

Although PI’s BBTrend is still negative at -6.6, it has improved significantly from yesterday’s extreme low, indicating that selling pressure is easing.

This suggests that the market could be stabilizing, though PI is not yet in bullish territory. If BBTrend continues rising and moves closer to zero, it could indicate a potential trend reversal or at least a period of consolidation before the next move.

However, if BBTrend turns back down and fails to recover, PI could face renewed downside pressure, making it crucial to watch whether the recent improvement sustains or fades.

Pi Network Could Rise To Test $3 In March

Pi Network has dropped nearly 43% over the past four days after reaching levels close to $3, signaling a sharp reversal from its recent highs, with an 18% decline one day ago when Vietnam authorities issued legal warnings.

If the trend shifts back to the upside, the first key resistance to watch is at $1.80. A breakout above this level could indicate renewed buying interest, potentially driving PI toward $2.35.

If bullish momentum strengthens and mirrors the surge from a few days ago, PI could rally further to $2.97, with a chance of breaking above $3 for the first time.

However, this scenario depends on whether buyers step in to regain control and push the price above these resistance levels.

On the downside, if selling pressure intensifies and the downtrend resumes, PI could test the $1.50 support level.

A break below this zone would expose PI to further declines, with $0.80 emerging as the next major support. Such a move would indicate that bearish momentum remains strong, possibly leading to an extended period of downside movement.