Areon Network 價格AREA

More inflation data (PPI) in roughly an hour. CPI was the lowest in a long time, let's see if PPI matches that trend. Expecting #Bitcoin to remain in this same area until we know more. Take it easy.

Imo the 95-96k area should hold for BTC if we want to keep trending higher

#ETH short 10x lev (update) Size: 0.51 Reasons: 3 div bearish div bearish rejection from FVG LTF support area broke (Price compression at the support zone (ltf)) Entry market or 2593 TPs: 2434 - 50% then move SL to BE! 2289 - full TP; SL: 2689

Pi Network’s native token PI has plunged more than 30% in the past 24 hours, trading at $0.8405 at press time despite a major ecosystem development. On May 14, the Pi Foundation announced Pi Network Ventures, a $100 million fund to support startups that build real-world utility and drive adoption. As earlier reported by crypto.news, the initiative will function similarly to a typical venture capital firm in Silicon Valley. The fund will focus on startups in generative AI, gaming, FinTech, e-commerce, and social media platforms, in addition to blockchain-native companies. According to the Pi Foundation: “Pi Network Ventures plans to support not only blockchain-native startups, but also a wide array of businesses in generative AI, gaming platforms, FinTech, ecommerce, embedded payments, marketplaces, social networks, and other real-world applications.” Despite the scale of the announcement, the market’s reaction was muted, and in fact, negative. Pi Network ( PI ) slid from a daily high of $1.30 to a low of $0.8552 before settling near $0.92, a nearly 30% drop. The sharp drop suggests that the news may have missed market expectations. Traders possibly anticipated a major exchange listing, which could have brought real liquidity and price discovery. Instead, with no listing announcement, some investors may have viewed the fund launch as underwhelming or already priced in, triggering a “sell the news” reaction. Technical indicators show a neutral to bullish bias. PI is trading above important moving averages, including the 50-day SMA and the 10-day EMA, which both indicate buy signals. While the relative strength index at 57.24 is neutral and indicates market indecision, the moving average convergence divergence points to a short-term bullish potential. If PI holds above support at $0.85, there may be a brief recovery toward $1.10. On the other hand, PI might retest the $0.74 support area if it drops below $0.85. For now, the market appears to be digesting the announcement, with short-term traders rotating out, even as the project continues building.

Greeks.live: Market participants remain divided on whether Bitcoin will hit new highs soon Greeks.live published an English community newsletter, which stated: Market participants are divided on whether Bitcoin will hit new highs soon, with many expecting new highs in May or June, but others predicting resistance before hitting new highs. Traders appear to be increasingly cautious as they note that the market appears overextended and are paying particular attention to the $105,000 level as a potential reversal area.