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That’s a wrap for this week! Stay tuned for more updates and, as always, happy trading! 🚀
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4/4
Subscribe to the Pi42 official newsletter 📖
Welcome you to our weekly market insights, where we break down key crypto trends, technical analysis, & upcoming events.
👉🏼 linkedin.com/pulse/why-sola…#Newsletter
3/4
🔖 Solana Drops to $45 — Is This the Bull Setup Everyone Missed? ⚠️
Solana has broken below its $75–$80 support zone, confirming continued weakness on higher timeframes. The structure remains bearish, with SOL trading below its weekly moving average and failing to print higher highs after its earlier cycle strength.
📉 Key level to watch:
• $40–$48 — major historical demand zone
This region previously acted as a strong accumulation base and could attract long-term buyers again. A bounce here may trigger a relief move toward $70–$75 (now resistance). However, a breakdown could extend the broader downtrend further.
📊 Weekly highlights:
• Stablecoin adoption expands further into traditional banking systems, strengthening on-chain settlement use cases
• TRON gains regulated U.S. market access, improving institutional visibility for TRX
• MoonPay launches “MoonAgents,” bridging AI and crypto for autonomous on-chain interactions
📅 Upcoming events:
• US Core CPI — June 10
• US CPI — June 10
Higher inflation prints may keep rates elevated longer, pressuring risk assets, while softer data could support crypto sentiment and liquidity expectations.
📖 Read full insight 👉 linkedin.com/pulse/why-sola…#Crypto#MarketInsights#Trading#TechnicalAnalysis#Pi42
Giveaway Terms and Conditions
1. Follow our account @Pi42Exchange
2. Tag three friends who must follow.
3. The giveaway runs until 8th June, 11:59 PM IST.
4. 4 lucky winners get ₹500 Amazon vouchers each.
5. Winners must respond within 48 hours.
6. Pi42 is not liable for technical issues, lost entries, or disputes arising.
₹2000 Giveaway Alert! 👀📊
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🎁 4 lucky winners get ₹500 vouchers each!
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🔖 Bitcoin Breaks Key Channel — $60K Now in Focus ⚠️
Bitcoin has broken below its higher timeframe rising channel that had held since the February lows. After repeated rejections near the $80K 200-day MA zone, momentum has weakened and structure has shifted to lower highs and lower lows.
📉 Key level to watch:
• $60,000 — major support zone
A break below could open moves toward the mid-$50K range, while reclaiming $70K–$72K is needed to invalidate the bearish setup.
📅 Weekly highlights:
• Zcash fixed a critical bug via emergency upgrade, no losses reported
• U.S. Securities and Exchange Commission added digital assets to 2026–2030 strategic roadmap
• $1.8B+ liquidated as leverage unwound after BTC lost key support
• Grayscale Investments launched Hyperliquid staking ETF expanding crypto exposure
👀 Upcoming events:
• US Average Hourly Earnings — June 5
• US Non-Farm Payrolls — June 5
• US Unemployment Rate — June 5
📖 Read full insight 👉 linkedin.com/pulse/bitcoin-…#Crypto#Bitcoin#Pi42
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Giveaway Terms and Conditions
1. Follow our account @Pi42Exchange.
2. Tag three friends who must follow.
3. The giveaway runs until 6th June, 11:59 PM IST.
4. 4 lucky winners get ₹500 Amazon vouchers each.
5. Winners must respond within 48 hours.
6. Pi42 is not liable for technical issues, lost entries, or disputes arising.
🎁 ₹2000 Giveaway Alert 🫣
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📉 Bitcoin Tests a Key Support Zone!
In a recent story with Outlook Money, our CEO & co-founder, Avinash Shekhar (@avinash_shekhar), shared that the $66,000 region remains a crucial level for investors to watch.
He noted, “The next direction will likely be determined by whether buyers continue to absorb selling pressure and build momentum above current levels or whether renewed weakness triggers another round of deleveraging.” 🚀
👉 Read the full story: outlookmoney.com/invest/bitcoin…
Thanks for the feature, @Outlookindia!
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That’s a wrap for this week! Stay tuned for more updates and, as always, happy trading! 🚀
Join the Pi42 community on Telegram for the latest: t.me/Pi42India
5/5
Subscribe to the Pi42 official newsletter 📖
Welcome you to our weekly market insights, where we break down key crypto trends, technical analysis, & upcoming events.
👉🏼 linkedin.com/pulse/4-hour-b…#Newsletter
4/5
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