Cryptocurrency prices had another boring week, as Bitcoin remained in a consolidation phase, while the fear and greed index moved to the fear zone of 35. Most coins attempted to bounce back after crashing hard last week. So, let’s explore some of the top coins to watch, including Jupiter (JUP), Helium (HNT), Berachain (BERA), Pi Network (PI).
Pi Network (PI)
Pi Network was one of the most popular tokens this week after the developers revealed the roadmap for the migration from the enclosed mainnet to the open one.
In a statement, they said that the mainnet launch and the eventual exchange listing would happen on February 20th. Exchanges like OKX and HTX have already committed to support the upcoming mainnet launch.
There’s a lot that has not been revealed about the Pi Network airdrop. For example, it is unclear what the starting Pi coin price will be when the airdrop happens next week. Odds are that the token will start trading at $3.14, the value of Pi.
The most likely situation is where the Pi Network price initially pumps after the mainnet launch and then crashes afterwards as many holders dump their tokens. Besides, most of these people have held these tokens for years and are eager to exit.
Further, most recently launched airdrops have imploded in the past few months. The most notable ones are Wormhole, Berachain, Hamster Kombat, and ZkSync.
Read more: Pi Network price prediction 2025 – 2030 after the mainnet launch
Jupiter (JUP) price prediction
Jupiter is one of the top players in the Solana ecosystem, where it offers a decentralized perpetual futures trading solutions. It is the second-biggest player in the industry after Hyperliquid, which leads the sector by far.
Jupiter’s network has thrived because of the ever-growing Solana ecosystem that has become the most active today. Solana meme coins like Official Trump, Dogwifhat, and Popcat have become the most popular tokens this year.
Despite its strong fundamentals, the Jupiter token has remained under pressure in the past few months. The JUP price has crashed by over 50% from its highest level last year.
Jupiter price has formed a symmetrical triangle pattern that has a long way to get to its confluence level. It has also moved slightly below the 61.8% Fibonacci Retracement level.
Therefore, the JUP price will likely remain in this range for a while and then have a strong bullish breakout in the coming weeks.
Helium (HNT) price analysis
Helium, the biggest player in the DePIN industry, has come under significant pressure in the past few months. It has crashed from a high of $10 in November to below $5.
The HNT token dropped below the key support at $5.25, the neckline of the double-top chart pattern at $8.7. It has also formed a mini death cross pattern as the 50-day and 100-day Exponential Moving Averages (EMA) crossed each other.
Therefore, the Helium price will likely continue falling as sellers target the key support at $2.90, the lowest swing in June last year.
Berachain price forecast
Berachain token price has crashed in the past few days after its airdrop. The 30-minute chart shows that the BERA price formed a double-top pattern at $7, where it struggled to move above this week.
The token is now attempt to move below the neckline at $5.40, its lowest swing on February 11 and 15. It has moved slightly below the 25-period moving average.
Therefore, the BERA price forecast is neutral for now. More downside will be confirmed when the Berachain price drops below the support at $5.4. A drop below that level will point to more downside, potentially to the next support at $4.74, the lowest swing on February 10.
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