The general crypto market has recovered as digital assets shake off bearish sentiments

In the past 24 hours, the general crypto market has recovered as digital assets shake off bearish sentiments. Within this time frame

The general cryptocurrency market has recovered in the past 24 hours as digital assets shook off bearish sentiments.

The general cryptocurrency market has recovered in the past 24 hours as digital assets shook off bearish sentiments.

Within this time frame, the market registered a 1.92% increase in combined capitalization as many altcoins featured in the resurgence.

Within this time frame, the market registered a 1.92% increase in combined capitalization as many altcoins featured in the resurgence.

Notably, in the altcoin world, three assets, Pi Coin (PI), Bonk (BONK), and Sei (SEI), stood out in terms of current performance trend.

Notably, in the altcoin world, three assets, Pi Coin (PI), Bonk (BONK), and Sei (SEI), stood out in terms of current performance trend.

PI Rallies Despite Token Pressure

PI Rallies Despite Token Pressure

Crypto market data shows that the Pi Network displayed a significant resurgence.

Crypto market data shows that the Pi Network displayed a significant resurgence.

PI climbed by 14.50% in the last seven days. This pushed its price from a low of $0.5375 to $0.7584 as investor sentiments rekindled in the crypto market.

PI climbed by 14.50% in the last seven days. This pushed its price from a low of $0.5375 to $0.7584 as investor sentiments rekindled in the crypto market.

The cryptocurrency witnessed a bullish correction and was trading at $0.7303, a 20.35% increase in the last 24 hours.

The cryptocurrency witnessed a bullish correction and was trading at $0.7303, a 20.35% increase in the last 24 hours.

While the price action was heating up, market participants remained enthusiastic about the asset as trading volume surged by a staggering 212.80% to $497.1 million.

While the price action was heating up, market participants remained enthusiastic about the asset as trading volume surged by a staggering 212.80% to $497.1 million.

These performance figures revealed that PI had overcome the pressure ignited by the massive token unlocks witnessed recently.

These performance figures revealed that PI had overcome the pressure ignited by the massive token unlocks witnessed recently.

Notably, the network unleashed over 199 million tokens on the ecosystem, with anticipation building for an additional 188 million in May.

Notably, the network unleashed over 199 million tokens on the ecosystem, with anticipation building for an additional 188 million in May.

The unleashing of that large volume raised concerns in the Pi community, as users wondered what dilution factors might trail these offloads. The addition increased the 4.9 billion already in circulation, causing prices to take a plunge.

The unleashing of that large volume raised concerns in the Pi community, as users wondered what dilution factors might trail these offloads. The addition increased the 4.9 billion already in circulation, causing prices to take a plunge.

However, Pi Coin registered bullish patterns like a falling wedge, which helped its short-term rebound moves amidst other technical factors.

However, Pi Coin registered bullish patterns like a falling wedge, which helped its short-term rebound moves amidst other technical factors.

The next price level for the cryptocurrency would be $0.7881 if the current momentum continues.

The next price level for the cryptocurrency would be $0.7881 if the current momentum continues.

At the same time, if the bears take over again, the cryptocurrency could fall to the next support level of $0.6443.

BONK Remains Undeterred in the Memecoin World

Meanwhile, in the memecoin world, BONK, the first dog-themed coin on the Solana blockchain, was leading the rally.

Meanwhile, in the memecoin world, BONK, the first dog-themed coin on the Solana blockchain, was leading the rally.

There was a 3.88% surge in overall memecoin performance. However, BONK boasted a 13.17% increase in the last 24 hours and a 17.90% surge in the last seven days of trading.

There was a 3.88% surge in overall memecoin performance. However, BONK boasted a 13.17% increase in the last 24 hours and a 17.90% surge in the last seven days of trading.

The momentum with which BONK exploded ignited hopes that the memecoin could potentially target $0.00001380 in resistance next. The growing demand for this memecoin in the crypto market fueled this optimism. If BONK could sustain the current trajectory, the token had the potential to push for a higher level.

The momentum with which BONK exploded ignited hopes that the memecoin could potentially target $0.00001380 in resistance next. The growing demand for this memecoin in the crypto market fueled this optimism. If BONK could sustain the current trajectory, the token had the potential to push for a higher level.

As of this writing, the BONK price was up 13.72% at $0.00001306. Investors had maintained interest as trading volume soared by 119.59% to $201.56 million.

As of this writing, the BONK price was up 13.72% at $0.00001306. Investors had maintained interest as trading volume soared by 119.59% to $201.56 million.

If BONK continues on this trajectory, it might cause performance concerns for investors in other notable names such as Dogecoin, Shiba Inu, and Pepe.

SEI Edges Higher After Sharp Decline

SEI Edges Higher After Sharp Decline

Another altcoin that showed growth potential was Sei. In the last 24 hours, SEI’s price jumped by 11.69% to exchange hands for $0.1708.

SEI also recorded a spike in trading volume by 96.79% to $104.54 million. The asset’s bullish performance appeared to have triggered interest from market participants looking to make a short-term profit.

SEI also recorded a spike in trading volume by 96.79% to $104.54 million. The asset’s bullish performance appeared to have triggered interest from market participants looking to make a short-term profit.

Based on its technical indicators, some investors speculated that SEI could soar towards $0.40. However, to reach these projections, SEI investors must sustain their enthusiasm for the coin.

Based on its technical indicators, some investors speculated that SEI could soar towards $0.40. However, to reach these projections, SEI investors must sustain their enthusiasm for the coin.

This might prove difficult given the price struggles SEI faced in the last 30 days. The crypto market fluctuation plunged SEI to $0.1318 before this current rebound.

News data source: kdj.com

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