Crypto prices held steady on Monday morning as investors cheered the new reporting on Donald Trump’s tariffs. The reciprocal tariffs expected on April 2 will not include industrial sectors like automobile and microchips. As a result, Bitcoin jumped above $86,000, while Ethereum moved above $2,000.
US equities also bounced back, with futures tied to the Dow Jones rising by 230 points, and the Nasdaq 100 rising by 150 points. This article looks at some of the top tokens like Fartcoin (FARTCOIN), Ethena (ENA), and Pi Network (PI).
Fartcoin price prediction
Fartcoin, a top Solana meme coin, has done well in the past few weeks. It bottomed at $0.2140 this month, and has slowly started forming a rounded bottom pattern, a popular bullish continuation sign.
The eight-hour chart shows that the upper side of this rounded bottom is at $0.7153, its highest swing on February 11. It has also moved above the 50-period moving average, a sign that bulls are gaining momentum.
The Relative Strength Index (RSI) and the MACD indicators have all pointed upwards, a sign that its surge is accelerating. Fartcoin has retested the crucial resistance point at $0.5750, the lowest swing on December 21 last year.
It is now approaching the 23.6% Fibonacci Retracement point at $0.80. Therefore, the Fartcoin token price will likely keep rising as bulls target the key resistance level at $0.7153, its highest swing on February 11. A move above that level will point to more surge to the 50% retracement at $1.4745, up by 160% from the current level. A drop below the support at $0.40 will invalidate the bullish outlook.
Ethena price forecast
ENA price chart | Source: TradingView
Ethena has become a popular and large cryptocurrency, helped by its stablecoin known as the USDe and the fact that the World Liberty Financial has invested in it. Its USDe stablecoin has attracted over $5.3 billion in assets, making it the 26th biggest coin in the world.
The USDe stablecoin has become popular because of its high yield, which stands at about 4%. It has almost 600k users. Ethena has also thrived because of its USDtb stablecoin, which has attracted over $1.18 billion in assets.
However, ENA has not done well in the past few months as its price crashed from a high of $1.3265 on December 16 to a low of $0.3378. This crash is mostly because of the ongoing crypto sell-off and the fear that its stablecoins may crash like Terra.
There are signs that ENA price has bottomed at $0.3378, while the MACD and the Relative Strength Index (RSI) has formed a bullish divergence pattern. Therefore, the token will likely keep rising as bulls target the key resistance at $1, which is about 160% from the current level.
Pi Network price analysis
The two-hour chart shows that the Pi Network token peaked at $3, and has now crashed below the key support at $1. It has dropped below all moving averages, a sign that bears are in control for now.
On the positive side, the Pi coin price has formed a falling wedge pattern. The upper side of the wedge connects the highest swings since February 28. On the other hand, the lower side of the line connects the lowest points since March 2. The two lines are now nearing their confluence level.
Therefore, there is a possibility that the Pi coin price will soon stage a strong comeback, potentially to $1.80, up by 86% from the current level. This price is its highest swing on March 18.
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