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  • Pi Network Leads Crypto Surge as Kaspa and Bitget Break Out
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Pi Network Leads Crypto Surge as Kaspa and Bitget Break Out

Jane Kariuki 1 year ago (Last updated: 1 year ago) 3 minutes read 0 comments
Pi Network PI Logo image on black background
  • Pi Network, Kaspa, and Bitget are showing strong bullish signals, supported by technical breakouts and improving market sentiment as Bitcoin surges past $108,000.
  • Each token is targeting key resistance levels, with potential for further gains if these thresholds are cleared.

The crypto market is regaining traction as geopolitical tensions cool and investor risk appetite grows. Bitcoin surged past $108,000, lifting major altcoins in its wake. Among the top performers are Pi Network (PI), Kaspa (KAS), and Bitget (BGB) — all showing promising setups for further gains.

Pi Network AI Buzz and Wedge Breakout Spark Gains

Pi Network jumped 16% on Wednesday, driven by excitement surrounding Pi2Day and a possible AI integration teased by its development team. This bullish spike pushed PI beyond a resistance level formed by the May 22 and June 14 peaks, completing a falling wedge breakout—a typically bullish technical pattern.

Though PI has eased slightly, it hovers near $0.6600. A daily close above this level could pave the way for a push toward $0.8686, last seen on May 21. Supporting this view is the MACD’s bullish crossover and the RSI’s position at 53, both pointing to renewed buying strength.

PI NETWORK / TETHER PRICE CHART FOR 24 HOURS PERIOD

Still, failure to clear $0.6600 could trigger a retracement to $0.5090, last touched on June 21.

Kaspa Pushes Toward Monthly Highs

Kaspa gained another 1% on Thursday, extending its 21% weekly rally. The breakout above a trendline defined by May and June peaks marks the end of a falling wedge pattern, with price action now testing resistance at $0.082.

KAPSA/ USDT PRICE CHART FOR 24 HOURS PERIOD

If KAS closes above this mark, it could target the monthly high of $0.090. A bullish MACD crossover confirms the trend shift, while the RSI at 47 suggests weakening selling pressure. However, rejection at $0.082 may lead to a pullback toward $0.070.

Bitget Eyes Key Fibonacci Resistance

Bitget’s rally continues with four straight green candles, forming a V-shaped recovery. The token is approaching a major resistance at $4.87, the 50% Fibonacci retracement from its May high to the monthly low.

A breakout here could clear the path to $5.84, while the MACD crossover and rising RSI point to growing buyer interest. On the downside, failure to hold above $4.87 could result in a revisit to $3.91.

With technical indicators aligning and bullish patterns confirmed across the board, Pi Network, Kaspa, and Bitget are well-positioned to extend gains—provided they clear near-term resistance levels.

DISCLAIMER:
The views and opinions expressed herein are solely those of the author  and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.

About the Author

Jane Kariuki

Author

Jane Kariuki is a contributor at Crypto News Focus, covering developments across the cryptocurrency and blockchain industry with an emphasis on accurate, timely reporting.

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