Cryptocurrency prices rallied last week as U.S. President Donald Trump said, without citing examples, that trade talks with other countries were taking place.

Bitcoin (BTC) jumped above $95,000 for the first time in over a month, while the market cap of all Solana (SOL) meme coins jumped to over $10 billion. This article explains why Pi Network (PI), Ripple (XRP), and Sui (SUI) are the top cryptocurrencies to watch this week.

Sui token unlock could disrupt the rally

Sui, a top layer-1 network, was one of the top-performing coins in the crypto industry as it jumped to $3.8, its highest level since Feb. 1, and up by 110% from its lowest level this month. 

It rallied as top meme coins in its ecosystem surged, resulting in a 60% increase in weekly DEX volume. Protocols in its platform handled over $3.43 billion in volume in the last 7 days, bringing the monthly transactions to over $11 billion. 

Sui’s surge may be disrupted by a big token unlock scheduled for Thursday. The network will release tokens worth $120 million. Token unlocks lead to dilution, often affecting a coin’s performance. 

The daily chart also shows that the SUI price has become overbought as the Relative Strength Index has moved to 77. Therefore, the coin is likely to retreat and retest the key support at $2.8150, the neckline of the double-bottom pattern at $2.

XRP price sits at a key level

Because of its technicals, Ripple’s token will be in the spotlight this week. The chart below shows that the XRP price was trading at $2.17 on Sunday, a notable level for two reasons. First, it is along the 50-day Exponential Moving Average, which has provided substantial resistance in the past few months.

Second, the price is along the descending trendline connecting the highest levels since January 16. This trendline is the upper side of the descending triangle, whose lower side is at $1.9437. 

A descending triangle is a popular bearish chart pattern. Therefore, the coin will need to rise above the slanted trendline and the 50-day moving average to invalidate the bearish outlook of the triangle.

Pi Network: Will the consolidation end?

Pi Network will be a top cryptocurrency to watch this week as its consolidation continues. It has remained at $0.6350 in the past few weeks, and it did not participate in last week’s crypto recovery. 

Therefore, this consolidation may be calm before the storm since all Pi needs is a minor catalyst, and its price will go parabolic. A potential catalyst will be an exchange listing by one or more tier-one companies. HTX, a top exchange that is advised by Justin Sun, has been sending hints that it will list it soon. For example, Pi Network has appeared on several X posts, including the one shown below and this one.

While investors are bracing themselves for a Pi Network Price pump, one expert has predicted a start date for the rally. Cryptocurrency analyst Dr Altcoin says Pi Coin price will spike during the upcoming Consensus Summit, with Pi Network founder billed to deliver a keynote address.

Pi Network Price Eyes Massive Rally In May

According to an X post, cryptocurrency analyst Dr Altcoin is forecasting the start of a Pi Coin rally in mid-May. Dr Altcoin notes that investors can expect the start date of the Pi Network price during the Consensus Summit scheduled for May.

Dr Altcoin’s predictions differ from previous projections that tip the start of a Pi Coin rally toward late August. Investors previously hinged their hope for a price rally after the end of the Pi unlocking event, set to release 212 million Pi Coins.

However, Dr Altcoin is predicting the rally to begin much earlier in May, triggered by the momentum around the Consensus event. Dr Altcoin has previously revealed why Consensus 2025 will be pivotal for the Pi Network, given the sheer volume and calibre of attendees.

“I am fairly confident that the price pumping of Pi might start during the Consensus Summit (May 14-16, 2025) rather than at the end of August when Pi unlocking significantly reduces,” said Dr Altcoin.

Several Factors May Delay The Start Date Of The Price Rally

Dr Altcoin’s prediction for the launch of the Pi Network price rally in May faces a raft of challenges. Right out of the bat, the Pi Core Team (PCT) is racing against the clock to approve KYB applications before the start of Consensus 2025.

Furthermore, Dr Altcoin says the launch of decentralized applications (DApps) on the network before Consensus 2025 will support a price rally. While the PCT achieves the milestones before Consensus 2025, other external factors are angling to adversely affect Pi Network prices.

Dr Altcoin has raised alarm over shady activity on Banxa that may trigger artificial volatility for Pi Coin Price. Keen on playing its part to stabilize prices, the PCT has begun purchasing Pi Coins on centralized exchanges, mopping up over 48 million coins.

Currently, Pi Network trades at the $0.6 mark, holding the price level for over a week as investors scan the charts for signals of a seismic rally.

Furthermore, Dr Altcoin is hinging his resolve for a rally on seven Pi Network pros, including accessibility and sustainability perks. The cryptocurrency expert name-checks its security features, low gas fees, and regulatory compliance.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.