Crypto Market Overview

Crypto prices were stable on Monday morning as positive investor sentiment followed new tariffs reports regarding Donald Trump. Reciprocal tariffs set for April 2 will exclude sectors like automobiles and microchips, leading to notable price increases: Bitcoin rose above $86,000 and Ethereum surpassed $2,000.

US equities also bounced back, with Dow Jones futures up 230 points and Nasdaq 100 gaining 150 points. Here we discuss some prominent tokens, including Fartcoin (FARTCOIN), Ethena (ENA), and Pi Network (PI).

Fartcoin Price Prediction

Fartcoin, a popular Solana meme coin, has shown significant recovery recently. It dropped to $0.2140 earlier this month but has started forming a rounded bottom pattern, which often signals bullish continuation.

The eight-hour chart indicates the upper limit is $0.7153, marking the highest swing on February 11. Fartcoin has also moved past the 50-period moving average, suggesting bullish momentum is building.

Indicators such as the Relative Strength Index (RSI) and the MACD are trending upward, indicating accelerating upward momentum. Fartcoin has tested a crucial resistance level at $0.5750, the lowest swing from December 21, and is approaching the 23.6% Fibonacci Retracement level at $0.80.

Analysts predict that Fartcoin’s price may continue to rise, aiming for resistance at $0.7153, with potential for a 160% increase to $1.4745 if it breaks above that mark. However, dropping below $0.40 would invalidate this bullish outlook.

Ethena Price Forecast

Ethena has emerged as a major player in cryptocurrency, buoyed by its stablecoin, USDe, and backing from World Liberty Financial. The USDe stablecoin has attracted more than $5.3 billion in assets, making it the 26th largest cryptocurrency globally.

The USDe’s popularity stems from its high yield of around 4% and its nearly 600k users. Additionally, Ethena’s USDtb stablecoin has garnered over $1.18 billion in assets.

Despite these strengths, ENA has struggled in recent months, with its price collapsing from a peak of $1.3265 on December 16 to a low of $0.3378, primarily due to a broader crypto sell-off and concerns about stablecoin stability.

Current trends suggest that ENA may have bottomed out at $0.3378, with MACD and RSI indicators showing a bullish divergence. Price resurgence towards the key resistance of $1 is anticipated, representing a potential 160% increase from current levels.

Pi Network Price Analysis

The two-hour chart for Pi Network reveals a recent peak at $3, but it has since fallen below critical support at $1. It currently trades below all moving averages, signaling bearish control.

On a positive note, Pi coin has formed a falling wedge pattern. The upper side connects recent highs, while the lower side links the lowest points since early March. These lines are nearing convergence, suggesting a potential strong rebound.

Analysts believe that the Pi coin may recover towards $1.80, an 86% increase from its current pricing, likely reaching its highest swing noted on March 18.

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