The cryptocurrency market is experiencing a renewed wave of optimism as geopolitical tensions ease and investor risk appetite returns. With Bitcoin (BTC) climbing toward $108,000, altcoins are riding the momentum — particularly Pi Network (PI), Kaspa (KAS), and Bitget (BGB), all showing strong technical signals for further upside. In the past 24 hours, these three digital assets have outperformed the broader market, drawing attention from traders and analysts alike.
This article explores the latest price movements, chart patterns, and technical indicators shaping the near-term outlook for PI, KAS, and BGB — offering data-driven insights for investors navigating this dynamic phase of the crypto cycle.
Pi Network Breaks Out of Downtrend, Eyes $0.87 Target
Pi Network surged 16% on Wednesday, fueled by growing anticipation around its upcoming Pi2Day event and speculation about potential AI integration. Though slightly off its peak at the time of writing, the momentum remains firmly bullish as PI breaks out of a key technical formation.
The breakout occurred after PI surpassed a critical resistance level formed by swing highs on May 22 and June 14. More importantly, it completed a descending wedge pattern — a classic reversal signal — supported by convergence points on May 17, May 31, and June 17. This pattern suggests that selling pressure has exhausted, paving the way for sustained upward movement.
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Currently, PI faces resistance at $0.6600**, a level marked by the May 17 low. A daily close above this threshold could trigger a rally toward **$0.8686, the previous swing high from May 21. This represents a potential gain of over 30% from current levels.
Technical indicators support this bullish case:
- The MACD (Moving Average Convergence Divergence) has generated a buy signal, with the MACD line crossing above its signal line.
- The RSI (Relative Strength Index) is above 53 and climbing through the midpoint, indicating strengthening upward momentum.
Should the price fail to hold above $0.66, a retest of **$0.5090** — last seen on June 21 — may occur. However, given the clean breakout and rising volume, the balance of probability favors continuation to higher levels.
Kaspa Reverses Correction, Targets New Monthly Highs
Kaspa (KAS) is showing signs of renewed strength after breaking out of a corrective phase. At press time, KAS is up 1%, extending its weekly recovery with a fourth consecutive green candle — signaling strong buying interest.
This week alone, Kaspa has gained over 21%, breaking through a descending resistance trendline formed by highs on May 12, May 22, and June 10. The breakout confirms the end of a short-term downtrend and aligns with a bullish wedge resolution, where price pierced above a support trendline connecting lows from May 31 and June 22.
The immediate target lies at $0.082**, the high from June 16. A daily close above this level could open the path to **$0.090 — Kaspa’s highest closing price in June and a key psychological milestone.
Technical indicators are turning positive:
- The MACD shows a recent crossover between the MACD line and signal line, suggesting a shift in momentum.
- The RSI sits at 47 and is approaching the neutral 50 level, indicating diminishing selling pressure.
On the downside, failure to breach $0.082 may lead to a pullback toward **$0.070**, near the former resistance-turned-support zone. However, with on-chain activity and community engagement rising, long-term sentiment remains constructive.
Bitget Rallies in V-Shaped Recovery, Targets Key Fibonacci Level
Bitget (BGB) is staging an impressive comeback after a sharp correction earlier in June. The token has printed four consecutive bullish candles, forming a classic V-shaped reversal pattern — often associated with strong accumulation after oversold conditions.
BGB has now cleared a local resistance trendline drawn from swing highs on May 24 and June 11. This breakout confirms renewed demand and positions the asset for further gains.
The next major resistance lies at $4.87**, representing the **50% Fibonacci retracement level** of the move from May’s high at $5.84 to the monthly low at $3.91. A close above this level could extend the rally toward **$5.84, reclaiming all losses from the recent pullback.
Supporting this outlook:
- The MACD triggered a fresh bullish crossover on Wednesday, signaling new buying momentum.
- The RSI has rebounded from oversold territory (below 30) and is nearing the 50 midpoint, reflecting weakening bearish control.
If momentum stalls at $4.87, BGB may retest support near **$3.91**. Still, with exchange inflows increasing and platform usage expanding, downside risks appear limited in the medium term.
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Frequently Asked Questions (FAQ)
Q: What is driving Pi Network’s recent price surge?
A: The rally is primarily driven by technical breakout momentum and growing community excitement around Pi2Day and potential AI integration. The completion of a descending wedge pattern adds credibility to the bullish reversal.
Q: Is Kaspa’s uptrend sustainable?
A: Yes — Kaspa’s breakout above key resistance and improving technical indicators suggest sustainability. With strong fundamentals and fast block times, KAS remains one of the most promising Layer-1 projects in 2025.
Q: Can Bitget reach $5.84 again?
A: It’s possible if BGB sustains momentum above $4.87. The 50% Fibonacci level acts as a psychological and technical gateway to retesting the May high.
Q: Are these altcoins good long-term investments?
A: While short-term momentum is strong, long-term success depends on adoption, ecosystem growth, and market conditions. Always conduct independent research before investing.
Q: How do MACD and RSI help predict price movements?
A: MACD identifies changes in momentum and trend direction through moving average crossovers, while RSI measures whether an asset is overbought or oversold — helping spot reversals or continuations.
Q: Should I buy before or after key resistance levels are broken?
A: Buying after confirmation (e.g., daily close above resistance) reduces false breakout risk but may mean entering at a higher price. Traders often use stop-loss orders to manage risk in either scenario.
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With Bitcoin stabilizing near all-time highs and macro sentiment improving, mid-cap altcoins like PI, KAS, and BGB are well-positioned for significant gains. Their recent technical setups — supported by volume and momentum — suggest these moves may be just the beginning of a broader rally.
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