The cryptocurrency market experienced a sharp pullback on Thursday, with risk-off sentiment triggering double-digit percentage declines across several major altcoins. Pi Network (PI), SPX6900 (SPX), and Celestia (TIA) were among the hardest hit, erasing prior weekly gains as investors reacted to geopolitical tensions and macroeconomic uncertainty surrounding upcoming U.S. tariff deadlines.
This sudden correction highlights the fragile momentum in the current market cycle, where sentiment can shift rapidly based on external catalysts. As these digital assets struggle to regain footing, technical indicators suggest weakening bullish momentum — raising concerns about further downside risks in the near term.
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Pi Network Loses Momentum After Strong Weekly Rally
Pi Network’s price dropped 2% on Friday, extending Thursday’s 9% decline and putting recent gains at risk. The cryptocurrency had surged nearly 28% earlier in the week, briefly testing resistance at $0.66. However, failure to sustain momentum above this level has led to a retracement that could threaten key support zones.
A deeper correction may test the weekly low of $0.49, placing the psychologically important $0.50 level under pressure. This zone could serve as a critical floor — a break below which might accelerate selling interest.
Technical indicators confirm weakening bullish strength:
- The MACD (Moving Average Convergence Divergence) is converging toward its signal line, with the green histogram bars shrinking, signaling reduced upward momentum.
- The Relative Strength Index (RSI) has dipped to 43, falling below the neutral 50 midpoint, indicating growing bearish bias.
Despite the short-term setback, a potential catalyst looms: rumors suggest a generative AI feature announcement could be made as early as Saturday. If confirmed, this development might reignite investor interest.
Moreover, a daily close above $0.66 could invalidate the current pullback and open the path toward $0.86 — a level marked by the May 21 high. Until then, traders should remain cautious, watching for signs of stabilization near $0.50.
SPX6900 Meme Coin Dips Toward $1 Threshold
SPX6900, one of the more volatile meme coins in the current cycle, has fallen 12% over two days amid fading bullish momentum. On Friday, it slipped another 0.5%, continuing its descent from recent highs.
The primary downside target lies at $1.02**, representing the 50% Fibonacci retracement level drawn from its year-to-date high of $1.80 to its low of $0.25. A decisive break below this level could expose the monthly low of **$0.91, intensifying selling pressure.
Technical analysis reveals bearish signals:
- The MACD shows both the MACD line and signal line declining toward zero, while red histogram bars are rising from below — a sign of increasing supply.
- The RSI hovers around the 50 mark, reflecting indecision in market momentum and a lack of clear directional bias.
However, there remains upside potential if buyers regain control. A recovery above $1.21**, the 61.8% Fibonacci level, could pave the way for a move toward **$1.47, corresponding to the 78.6% retracement.
For now, SPX6900 remains in a consolidation phase within a broader downtrend, with sentiment highly sensitive to social media narratives and broader market risk appetite.
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Celestia Struggles to Break Out of Downtrend Channel
Celestia (TIA) saw a minor rebound on Friday after two days of heavy selling wiped out its weekly gains. The price action reflects rejection from a well-defined descending trendline, formed by connecting highs on May 14, June 11, and June 25.
The parallel support trendline is anchored at lows from May 17, May 31, and June 22. While TIA remains within this channel, the overall structure remains bearish — with downside risks outweighing immediate upside potential.
Key levels to watch:
- Immediate support at $1.31, the monthly low.
- A break below could lead to a test of the channel’s lower boundary near $1.00, a psychologically significant level.
Technically:
- The MACD shows no clear bullish divergence, with both lines flattening near zero — suggesting consolidation before another potential leg down.
- The RSI sits at 33, just above oversold territory (30), indicating persistent selling pressure but limited extreme conditions.
On the upside, a daily close above $1.68** — the recent weekly high — would signal a breakout above the upper trendline and could propel Celestia toward its monthly peak of **$2.30.
Until such a move occurs, the path of least resistance remains downward.
Frequently Asked Questions (FAQ)
Q: Why are Pi Network, SPX6900, and Celestia dropping simultaneously?
A: These altcoins are part of a broader market correction driven by risk-off sentiment. Factors include geopolitical tensions in the Middle East and uncertainty around U.S. trade policy, particularly the approaching deadline for 90-day tariff pauses.
Q: Is Pi Network’s drop a buying opportunity?
A: Potentially — if PI holds above $0.49 and regains strength above $0.66, it could resume its upward trajectory toward $0.86. However, traders should monitor volume and technical confirmation before entering positions.
Q: What is the significance of SPX6900 approaching $1?
A: The $1 mark is both a psychological threshold and a technical support zone. A break below could trigger stop-loss activations and increase volatility, especially given its meme coin status and speculative nature.
Q: Can Celestia reverse its downtrend?
A: Yes — but only with sustained buying pressure pushing prices above $1.68. Until then, TIA remains trapped in a bearish pattern with limited bullish conviction.
Q: How do Fibonacci retracement levels influence SPX6900’s price?
A: Traders use Fibonacci levels like 50%, 61.8%, and 78.6% to identify potential reversal zones. SPX’s current slide toward the 50% level ($1.02) suggests growing seller interest at higher levels.
Q: Are altcoins more vulnerable during Bitcoin consolidations?
A: Historically, yes. Altcoins often experience exaggerated moves — both up and down — when Bitcoin stabilizes or pulls back. With BTC nearing all-time highs, capital rotation out of smaller-cap projects is common.
Market Outlook: Caution Dominates Ahead of Key Catalysts
The broader altcoin market remains fragile as macroeconomic headwinds re-emerge. While Bitcoin held firm near $109,000–$110,000 during the reporting period, smaller-cap assets like PI, SPX, and TIA absorbed most of the selling pressure.
This divergence underscores a key dynamic: during uncertain times, capital tends to flow into established leaders like Bitcoin and Ethereum, leaving speculative plays vulnerable to sharp corrections.
Investors should closely monitor:
- Geopolitical developments
- U.S. economic data impacting Fed policy expectations
- On-chain activity and exchange outflows
- Project-specific updates (e.g., Pi Network’s AI integration)
With sentiment delicately balanced, even minor news can trigger outsized moves — especially in low-liquidity or highly speculative tokens.
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Core Keywords:
- Pi Network price prediction
- SPX6900 crypto analysis
- Celestia (TIA) technical outlook
- Altcoin market crash
- Cryptocurrency price correction
- MACD and RSI signals
- Fibonacci retracement levels
- Risk-off sentiment in crypto
This article does not constitute financial advice. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Cryptocurrencies are highly volatile and can result in significant losses.