Crypto Price Analysis: ETH, SOL, XRP, SUI, and PI Face Bearish Pressure Amid Market Volatility
- Major altcoins face resistance as sellers dominate, with bearish momentum strengthening
- Support levels across Pi, XRP, SUI, SOL, and ETH remain critical amid high selling pressure
- Trading volumes stay elevated, signaling active markets but driven mostly by sell-side action
The wider crypto market showed choppy trading recently with major altcoins facing short-term downward pressure as of May 6 (UTC). Tokens such as Pi (PI), XRP, Sui (SUI), Solana (SOL), and Ethereum (ETH) are struggling to hold gains as sellers dominate intraday sessions.
Despite attempts at recovery, most assets are forming lower highs and facing resistance near key price zones. Market volume remains strong, suggesting active participation, though much of it appears driven by selling pressure rather than accumulation.
Watching support and resistance levels closely is key to handling these short-term price changes.
Pi (PI): Stuck Below Key Resistance
Pi is facing headwinds near the $0.592 level after failing to hold its intraday highs. The price fell by 0.54% over 24 hours and currently trades around $0.5891. Despite minor rebounds, resistance at $0.5905 continues to pressure buyer…
The post Crypto Price Analysis: ETH, SOL, XRP, SUI, and PI Face Bearish Pressure Amid Market Volatility appeared first on Coin Edition.
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Crypto Price Analysis: ETH, SOL, XRP, SUI, and PI Face Bearish Pressure Amid Market Volatility
- Major altcoins face resistance as sellers dominate, with bearish momentum strengthening
- Support levels across Pi, XRP, SUI, SOL, and ETH remain critical amid high selling pressure
- Trading volumes stay elevated, signaling active markets but driven mostly by sell-side action
The wider crypto market showed choppy trading recently with major altcoins facing short-term downward pressure as of May 6 (UTC). Tokens such as Pi (PI), XRP, Sui (SUI), Solana (SOL), and Ethereum (ETH) are struggling to hold gains as sellers dominate intraday sessions.
Despite attempts at recovery, most assets are forming lower highs and facing resistance near key price zones. Market volume remains strong, suggesting active participation, though much of it appears driven by selling pressure rather than accumulation.
Watching support and resistance levels closely is key to handling these short-term price changes.
Pi (PI): Stuck Below Key Resistance
Pi is facing headwinds near the $0.592 level after failing to hold its intraday highs. The price fell by 0.54% over 24 hours and currently trades around $0.5891. Despite minor rebounds, resistance at $0.5905 continues to pressure buyer…
The post Crypto Price Analysis: ETH, SOL, XRP, SUI, and PI Face Bearish Pressure Amid Market Volatility appeared first on Coin Edition.
Read More