Bitcoin is currently stabilizing around $102,800, consolidating its strong momentum after breaking the $100,000 mark. Bitcoin's dominance has significantly increased as the price rebounded from $60,000, but the latest technical indicators show that this advantage may be gradually weakening.
Meanwhile, altcoins like Ethereum and Solana have regained market attention, with ETH returning above $2,000 for the first time since the end of March.
If Bitcoin's dominance continues to decline, the market may welcome a new round of trends led by altcoins. Data from CoinGlass and others indicate that the trading volume and financing rates for altcoin futures are rising, suggesting that funds and interest are shifting. Additionally, the rise in the altcoin quarterly index reflects an increase in speculative activity for non-Bitcoin assets.
The next few days will be a critical moment to verify whether this wave of altcoin-driven rebounds has officially started.
PI coin
In the past 24 hours, the price of Pi coin has risen over 3%, successfully breaking through the key resistance level of $0.66–0.67, accompanied by significant trading volume, indicating that bullish momentum is strengthening. Currently, the RSI is at 56.68, showing a mild bullish pattern; if it can maintain the current price level, it is expected to challenge the $0.85 to $1.00 range in the short term. However, if the upward attempt fails, the price may pull back and consolidate, especially with 9.3 million new Pi tokens being unlocked today, which may put pressure on the price.
It is noteworthy that the Pi Network team announced that they will release significant ecosystem news on May 14, coinciding with the 2025 Toronto Consensus Conference, where Pi founder Nicolas Kokkalis will attend and deliver a speech, raising high market expectations.
At the same time, rumors are circulating that Binance is preparing to launch Pi Network. Recently, a wallet associated with Binance processed over 290,000 test transactions of Pi tokens, suspected to be internal testing actions. Considering that Pi Network has a similar technical architecture to Stellar (XLM), which is already listed on Binance, this rumor seems more credible.
Overall, the technical outlook for Pi coin is positive, with increased capital inflow, combined with favorable ecosystem news and expectations for new listings, it may be at the starting point of a new round of upward movement.
PEPE
PEPE coin has surged strongly today, skyrocketing 30% within 24 hours, with daily trading volume surpassing Dogecoin, rising to become the largest memecoin by trading volume globally, and becoming the sixth largest cryptocurrency by market capitalization (excluding stablecoins). According to Lookonchain data, over the past week, a crypto 'whale' holding assets worth $147 million has continuously bought PEPE, withdrawing a total of 20 trillion tokens from Binance, with an investment amount reaching $4.36 million, indicating long-term optimism.
PEPE's popularity is rapidly rising. CoinGlass shows that its futures open contracts increased by 6.6%, breaking through $434 million, with a significant increase in trader bets. Meanwhile, approximately $1.57 million in liquidations occurred within 24 hours, with $1.45 million coming from short positions, indicating a typical short squeeze market.
From a technical perspective, PEPE has broken through the descending expanding wedge pattern and confirmed a strong daily close, releasing a clear bullish signal. Analysts expect a potential increase of 120%–140% in the medium term; if the trend continues, the long-term target could even reach 10 times the current price, that is, $0.000080.
SUI
For developers and institutions pursuing multi-chain deployment, security, and compliance, the integration achieved between Sui and Axelar on May 8 marks a key advancement. Through Axelar's cross-chain token service, developers only need to deploy a smart contract once, allowing seamless access to multiple network users using tools like Squid, Backpack, and SlushWallet. Additionally, the integration combines Sui's zkLogin feature, significantly enhancing the access experience for mainstream users and strengthening the ecological foundation established after collaboration with Circle.
After the news was released, SUI's price once rose over 20%, currently reported at $3.86, with an intra-day increase of 6%, and trading volume skyrocketed 119% to $3.3 billion. Coinglass data shows that the long-short ratio is close to neutral (1.0008), and open contracts have increased by 10%, indicating an active but clearly divided market. From a technical perspective, SUI slightly retreated after touching the upper Bollinger Band in the short term, with an RSI of 69, approaching overbought conditions. Despite slightly weak momentum, SUI remains above all key moving averages, and the MACD stays in positive territory, supporting a bullish trend in the medium term.
If it can hold the $3.70 support level, the upward target may point to a new high of $4.40; if it fails to hold, it may pull back to the $3.30 area. Overall, Sui's fundamentals continue to strengthen, and the current trend appears more like healthy consolidation rather than a trend reversal.
That's all for this article! If you're feeling lost in the crypto space, consider strategizing and harvesting with me!
