- SUI, Toncoin, and PI Network have surfaced as the leading gainers among the top 20 cryptocurrencies on Thursday.
- The rise in TON’s price follows Elon Musk’s announcement of Grok AI’s integration into Telegram.
- PI Network’s price increased by 6% amid heightened community engagement surrounding its recent network migration.
- The surge in SUI’s price is associated with Canary Capital’s recent ETF submission to the US SEC.
SUI, Toncoin (TON), and Pi Network (PI) have distinguished themselves as the standout performers within the top 20 ranked cryptocurrencies on Thursday. These altcoins have experienced notable growth, driven by fundamental advancements, institutional interest, and increased community engagement. Here’s a detailed examination of the potential price trajectories for each token.
Toncoin Sees 10% Increase Following Grok AI and Telegram Partnership
The price of Toncoin (TON) rose by 10% on Thursday, positioning it as the leading performer.
This increase in TON’s price follows news that Grok AI, backed by Elon Musk, would be integrated into Telegram, the well-known messaging platform that supports the TON blockchain.
TON Price Outlook: Will It Break Through or Rebound at the $4 Resistance?
The price outlook for TON indicates a pivotal point as the token tests resistance at $4.02, following a robust uptick propelled by Grok AI’s expansion into Telegram.
As depicted below, TON’s price has surged from support around $3.10 and is currently confronting a significant supply area.
The Parabolic SAR at $3.39 remains bullish, confirming the upward trend. The upper band of the Keltner Channel at $4.02 is a critical threshold—breaking through could push TON towards $4.40, while a rejection may lead to a pullback.
TON Price Outlook
The MACD remains in a bullish zone, with the MACD line above the signal line at 0.139, confirming positive momentum.
Nonetheless, the histogram indicates a diminishing bullish strength, which suggests that buyers may be losing momentum.
If TON cannot maintain its position above $4.02, a retreat to $3.56 or possibly $3.39 could occur.
Currently, the bullish scenario hinges on a daily close surpassing $4.02, which may accelerate further gains.
Conversely, if the price is rejected at this level, there could be profit-taking, exposing lower support levels. Traders should monitor volume and momentum indicators to confirm any forthcoming major movement.
Pi Network Climbs 6% as Community Engagement Grows
Pi Network (PI) achieved a 6% price hike on Thursday, spurred by increased activity within its community following the recent network migration on March 21.
This transition has revitalized confidence among investors and early adopters, resulting in a rise in on-chain transactions and network participation.
Pi Network Price Outlook: Bearish Pressure Persists Despite Recent Gains
The price forecast for Pi Network suggests that despite a 6% rise, the overall trend remains bearish as PI struggles below vital resistance levels.
The Bollinger Bands reveal that the price is near the lower band at $0.7239, indicating oversold conditions.
Conversely, the middle band at $0.96 serves as a resistance point that must be reclaimed by bulls for sustained upward momentum.
Pi Network Price Outlook
The Bearish Bollinger Percentage (BBP) at -0.1510 confirms continued downward pressure, reflecting weak buyer interest.
The Simple Moving Average (SMA) at $1.20 remains significantly above the current price, highlighting the long-term downtrend.
If Pi Network cannot reclaim the $0.90 psychological threshold, further declines to $0.72 or even $0.65 may occur.
For a bullish reversal to materialize, PI must achieve a daily close above the middle Bollinger Band and demonstrate enhancements in momentum indicators.
SUI Price Rallies 6% Driven by Canary Capital’s ETF Submission
SUI, the native token of the Sui blockchain, has also emerged as a top gainer following Canary Capital’s ETF filing with the U.S. Securities and Exchange Commission (SEC).
This development has sparked institutional interest, resulting in a significant increase in trading volume and price movement.
SUI Price Forecast: Potential Rejection at $3 if ETF Excitement Wanes
The price forecast for SUI suggests continued bullish momentum as institutional interest drives activity, with the price climbing above $2.40 and approaching the resistance at $2.83.
The token has surged 24.7% over the past six days, backed by robust trading volume.
The upper band of the Donchian Channel at $2.83 marks a vital resistance level.
If SUI surpasses this threshold, it could extend gains towards $3.00. The Parabolic SAR at $2.32 is situated below the price, affirming bullish control.
SUI Price Outlook
However, with the Relative Strength Index (RSI) at 57.17 indicating moderate momentum, a downturn may suggest weakening buyer interest.
If a rejection occurs at $2.83, SUI might retest support at $2.40, as identified by the mid-line of the DC.
A drop below this level could expose the lower band at $1.96, signaling a deeper correction.
For now, institutional demand and ETF hype support the upward trajectory, but the next steps depend on whether SUI breaks through resistance or experiences profit-taking.
A decisive close above $2.83 would confirm additional gains, while failure to achieve this could lead to a pullback toward critical support levels.
As the market responds to these developments, traders and investors will be closely monitoring whether SUI, TON, and PI can maintain their upward momentum in the days ahead.
If the broader market environment remains favorable, these assets may continue to appreciate, solidifying their positions as leading cryptocurrencies of the week.