The first week of April 2025 started with a lot of optimism, with market participants expecting an improved market condition. However, that has not been the case as several crypto prices have declined.
This decline has raised questions, with some asking if the market has fully plunged into a bear cycle. While that remains uncertain, CCN reveals the top 3 crypto losers this week out of the top 100.
In this analysis, we also disclose why this happened and what lies ahead for these cryptocurrencies.
Pi Network (PI)
PI tops the list of crypto losers this week after its price fell by 36%. At the beginning of the week, PI’s price was $0.73, but today, it trades at $0.52.
The decline in PI’s price might not surprise market observers, especially as the hype around the cryptocurrency has faded compared to the period it launched.
From CCN’s finding, the PI coin price experienced this correction due to large selling pressure. According to the 4-hour chart, PI has been stuck in a downtrend since hitting an all-time high of $2.99 on Feb. 26.
As seen below, the Awesome Oscillator (AO) reading also validated this downturn as the reading remained negative. The negative AO reading indicates bearish momentum.
If sustained, PI might not experience recovery soon. Instead, the cryptocurrency might slide to a new all-time low below $0.52.
To invalidate this decline, PI’s price has to break above the resistance at $0.73. If that happens, then the price might move towards the $1 mark.
Story (IP)
IP, the native token of the Story Protocol, is also part of this week’s top crypto losers. Within the last seven days, IP’s price has fallen by 25%.
According to the 4-hour chart, IP has been stuck in a falling channel since March 25. Amid this pattern, the Chaikin Money Flow (CMF) reading remained below the zero signal line, indicating persistent distribution.
If unchanged, IP’s value could trade lower, with the image below showing that it could drop from $4 to $2.93.
Looking for a safe place to buy and sell STORY IP? See the leading platforms for buying and selling STORY IP.
Alternatively, IP might avoid this decline if buying pressure increases and the CMF rises above the signal line. In that scenario, IP’s price might jump to $5.46 at the 0.618 golden ratio.
Jupiter (JUP)
Like PI, JUP’s price also reached an all-time low recently. This happened after a 23.5% decline in the last seven days.
However, it appears that JUP might soon experience recovery. This is because the Chaikin Money Flow (CMF) and Money Flow Index (MFI) readings are rising.
While the MFI and CMF are not yet above the signal lines, an increase in buying pressure could validate that.
Should that be the case, JUP could climb to $0.51. If the broader market condition improves, the value might rise to $0.62.
However, if the indicators above fail to climb higher, this prediction might be invalidated. In that case, JUP might decline to a new all-time low.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Was this Article helpful?
