Bitcoin is currently stable near $102,800, consolidating its strong momentum after breaking through the $100,000 mark. Bitcoin's dominance has significantly increased this year as prices rebounded from $60,000, but the latest technical indicators suggest this advantage may be gradually weakening.
Meanwhile, Altcoins such as Ethereum and Solana have regained market attention, with ETH returning above $2,000 for the first time since late March.
If Bitcoin's dominance continues to decline, the market may usher in a new round of Altcoin-led trends. Data from CoinGlass shows that Altcoin futures trading volume and financing rates are rising, indicating that funds and interest are shifting. The rise in the Altcoin quarterly index also reflects the increasing speculative activity of non-Bitcoin assets.
The next few days will be crucial in verifying whether this Altcoin-driven rebound officially launches.
PI Coin
In the past 24 hours, Pi coin price rose over 3%, successfully breaking through the key resistance level of $0.66-0.67, accompanied by significant trading volume, indicating strengthening bullish momentum. The current RSI is 56.68, showing a moderately bullish pattern. If it maintains the current price, it may challenge the $0.85 to $1.00 range in the short term. However, if the upward attack fails, the price may pull back and consolidate, especially with 9.3 million new Pi tokens unlocked today, which may put pressure on the price.
Notably, the Pi Network team announced they will release a major ecosystem message on May 14, coinciding with the 2025 Toronto Consensus Conference, where Pi founder Nicolas Kokkalis will attend and speak, generating high market anticipation. Meanwhile, there are rumors that Binance is preparing to list Pi Network. Recently, a wallet associated with Binance processed over 290,000 Pi token test transactions, seemingly an internal test. Considering Pi Network's similar technical architecture to Stellar (XLM), which is already listed on Binance, this rumor seems more credible.
Overall, Pi coin's technical aspects are favorable, with increasing capital inflow, and ecosystem benefits and listing expectations converging, potentially marking the starting point of a new round of growth.
PEPE
PEPE coin surged strongly today, rising 30% in 24 hours, with daily trading volume exceeding Dogecoin, becoming the world's largest trading volume meme coin and the sixth-largest market cap cryptocurrency (excluding stablecoins). According to Lookonchain, in the past week, a crypto "whale" with $147 million in assets has been continuously buying PEPE, withdrawing a total of 2 trillion tokens from Binance, with an additional investment of $4.36 million, showing long-term optimism.
PEPE's popularity is rapidly heating up. CoinGlass shows that its futures open interest grew by 6.6%, breaking $434 million, with traders' bets significantly increasing. Simultaneously, about $1.57 million in liquidations occurred within 24 hours, with $1.45 million from short positions, typical short squeeze action.
Technically, PEPE has broken through the descending expanding wedge pattern and confirmed a strong daily close, releasing a clear bullish signal. Analysts expect a potential 120%-140% increase in the medium term; if the trend continues, the long-term target could even reach 10 times the current price, around $0.000080.
SUI
For developers and institutions seeking multi-chain deployment, security, and compliance, the integration between Sui and Axelar on May 8 marks a key advancement. Through Axelar's cross-chain token service, developers can deploy smart contracts once and seamlessly reach users across multiple networks using tools like Squid, Backpack, and SlushWallet.
Additionally, the integration combines Sui's zkLogin functionality, significantly improving mainstream user access experience and strengthening the ecosystem foundation established after collaboration with Circle. After the announcement, SUI price rose over 20%, currently at $3.86, with a daily increase of 6% and trading volume surging 119% to $3.3 billion. Coinglass data shows the long-short ratio is near neutral (1.0008), with open interest growing 10%, indicating active but divided market. Technically, SUI slightly retreated after touching the Bollinger Band upper rail, with RSI at 69, near overbought. Despite slightly weakening momentum, SUI remains above all key moving averages, with MACD staying in the positive zone, supporting a medium-term bullish trend.
If it maintains the $3.70 support level, the upward target may point to a new high of $4.40; if it fails, it could retrace to the $3.30 area. Overall, Sui's fundamentals continue to strengthen, and the current trend appears more like a healthy consolidation rather than a trend reversal.
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