Hedera Faces 26% Price Drop Risk, Pi Network Eyes $0.90 as Web3 AI Presale Hits $6.6M
This comprehensive cryptocurrency update covers critical shifts in the market surrounding Hedera (HBAR), Pi Network (PI), and a new Web3 AI project. Hedera faces significant downward pressure, with analysts predicting a 26% potential price drop due to bearish technical signals and increased selling. Pi Network continues to attract trader interest, especially as market speculation targets its price at $0.90, a figure bolstered by renewed hopes surrounding exchange listings and project developments. The Web3 AI presale project has garnered over $6.6 million, illustrating sustained demand for AI-infused blockchain innovation. Additionally, broader market sentiment appears cautious, influenced by significant macroeconomic events such as the upcoming White House crypto summit and US nonfarm payroll data. Crypto traders should closely follow HBAR and PI price trends, be alert to new exchange listing announcements, and monitor the trajectory of AI-driven Web3 projects for emerging opportunities and risk mitigation.
Bearish
The overall impact is bearish, primarily due to the expected 26% drop in Hedera (HBAR) as a result of negative technical indicators and heightened selling pressure. While Pi Network shows speculative upside potential with a target near $0.90 and the Web3 AI presale underlines growing sectoral interest, the dominant immediate market movement is downward, anchored by bearish sentiment and macroeconomic uncertainty. Historically, such broad-based caution and large anticipated corrections in major tokens like HBAR often lead to short-term price weakness, even if isolated projects hint at localized optimism.