Popular altcoin price predictions: With the Federal Reserve's interest rate cut approaching, can PI and TAO stand out?

Pi Network (PI) has maintained a sideways fluctuation pattern during this wave of Bitcoin's new highs, while Bittensor (TAO) actively maintains key technical levels. As the Federal Reserve (FED) approaches interest rate cuts, altcoin volatility is increasing, and traders are shifting their focus to continue exploring the prospects of these two highly speculative tokens.

PI coin is lagging behind other alts, what happened?

When the majority of alts see a fluctuation of 20% or more, the price of PI coin remains stable around $0.46. The market has shifted from neutral to greedy, but PI coin has not moved.

The answer lies in supply; the current exchange supply exceeds 384 million Pi coins, higher than the 370 million a week ago. This growth has created selling pressure. However, even with the increase in supply, if the price of the Pi Network can remain stable, the entry of buyers seems just enough to absorb this pressure.

Analysts including Moon Jeff believe that the typical accumulation range is between 0.40 and 0.50 dollars. Long-term holders are buying tokens, while short-term sellers are exiting. If this trend continues, the price of PI could reach 1.00 dollars, with 0.49 dollars being the first resistance level.

One of the reasons for the slow speed? Many Pi coin holders joined through the referral model, and trading is not active. This makes the price of Pi Network respond less to typical altcoin cycles.

The support level is at 0.4452 USD. Falling below this level could pull the price of PI down to 0.4001 USD. However, if it drops below 0.49 USD, more severe fluctuations may occur. PI has not shown any movement yet, but it may be brewing some trends.

(Source: Gate)

TAO surges over 30%, investors turn to artificial intelligence

TAO is heating up, having risen 28% this week, keeping pace with Bitcoin's breakthrough of $122,000 and Ethereum's 18% increase. But this is not just market hype—TAO is in a strong technical setup.

On the daily chart, TAO is forming a bearish butterfly harmonic pattern. This pattern usually indicates a significant reversal or a strong breakout. The trend started at 588.58 dollars, dropped to 287.74 dollars, and then bounced back to 421 dollars. This bounce may signal the beginning of a bullish "CD wave."

If this trend continues, the target price for TAO may be between $702.99 and $848.54. These levels typically act as strong resistance, and savvy traders will lock in profits here.

To stay on track, TAO needs to hold the support level of the 200-day moving average at $361. This is the key support level to maintain this pattern. Falling below this support level may hinder its upward momentum.

So far, the bulls are in control. The trading volume is increasing. Prices are holding in key areas. If the CD wave continues to strengthen, TAO may break through $700. Traders are watching closely – and for good reason.

(Source: Gate)