Top cryptocurrencies to watch this week: Litentry, Flare, and Pi Network

This week, cryptocurrency markets are facing some pressure due to concerns over potential tariffs from former President Donald Trump and a hawkish Federal Reserve. As Bitcoin (BTC) and Ethereum (ETH) are on the decline, there are still some cryptocurrencies that are showing promise. Among the top cryptos to watch are Litentry (LIT), Flare (FLR), and Pi Network (PI).

Litentry (LIT)

Litentry has been one of the standout performers recently, with its price skyrocketing to a high of $1.8457, marking a 250% increase from its lowest point on Friday. Although the price has since corrected to around $1.20 by Sunday, the sharp rally has garnered attention, especially following the network’s rebranding to Heima and the introduction of the new token HEI. The rebranding is part of Litentry’s ongoing evolution, with the network aiming to focus on improving interoperability across blockchains. This means users will be able to use one token on various chains, adding significant value to its ecosystem.

According to developers, the move to Heima will provide enhanced services, with HEI’s total supply being capped at 100 million tokens, of which 66 million are currently in circulation. The rest will be gradually unlocked over the next 20 months. The rebrand seems to be a catalyst for positive price movement. Looking at the technical chart, Litentry has formed a triple bottom pattern at $0.5345, which has acted as a strong support level since August last year. It also managed to rise above its previous neckline resistance at $1.2440, reached back in December 2024.

Most notably, the golden cross pattern formed by the crossing of the 50-day and 200-day moving averages signals a bullish outlook for Litentry. The ongoing transition to Heima, combined with solid technical signals, suggests that LIT is poised to rise further this week. The price could potentially target $2, marking a further 66% increase from its current level.

Flare (FLR)

Flare is another cryptocurrency worth watching this week. Flare is a significant player in the blockchain industry, offering developers decentralized access to high-integrity data and services across different blockchains. This week, Flare will see the unlocking of tokens worth $40.7 million, which represents approximately 3% of the total token supply. This token unlock is important as it brings the total unlocked supply to 66%, which is expected to have an impact on the price of FLR.

Flare’s price has bottomed out at $0.012 in November last year and has since climbed back to $0.022. Although it has faced some price correction recently, it is currently forming a bullish flag pattern, which is a popular chart formation indicating a continuation of the bullish trend. The price of Flare has also managed to rise above the key 200-day moving average, further signaling the potential for upward movement.

Looking ahead, Flare has the potential to break out to the upside in the coming weeks. The next key resistance level for the FLR token is at $0.0325, which represents its highest price point reached in June 2024. A breakout above this level would confirm a bullish trend, and Flare could be poised for a strong rally.

Pi Network (PI)

Pi Network has remained in a relatively tight price range over the past weekend, with the price consolidating after the developers extended the KYC grace period to allow more users (referred to as “pioneers”) to verify their identities before the mainnet launch. This extension is seen as a positive step toward making the mainnet launch, which is set to occur in the first quarter of the year, as smooth and successful as possible.

However, Pi Network’s price has faced significant pressure recently. The coin is currently forming a bearish pennant pattern, which typically indicates a continuation of the downtrend. In addition, the potential formation of a death cross — a bearish signal that occurs when the 50-day moving average crosses below the 200-day moving average — could add further downward pressure on the price.

Given these technical indicators, Pi Network may remain under pressure for the time being. The next significant support level to watch for Pi is at $28.95, which represents its lowest point in September 2024. If the price breaks below this level, it could signal further declines in the coming weeks, especially as the mainnet launch approaches.

Other Cryptos to Watch

Other notable cryptocurrencies to watch this week include Ethereum Name Service (ENS), StepN, Aptos, Celestia, and Immutable X. These tokens will be unlocking millions of coins, which could lead to price volatility.

Overall, while some cryptos are facing downward pressure, the outlook for Litentry and Flare appears promising, with potential for continued growth. On the other hand, Pi Network may face more challenges in the short term, depending on its upcoming developments.