Cryptocurrency prices are retreating amid concerns about President Donald Trump’s tariffs and a hawkish Federal Reserve.
Bitcoin (BTC) and Ethereum (ETH) were on the downtrend after Trump announced plans to implement sweeping tariffs on Chinese, Mexican, and Canadian goods.
The tariffs will likely lead to higher inflation, and push the Fed to maintain higher interest rates for longer.
Some of the top crypto to watch this week will be Litentry (LIT), Flare (FLR), and Pi Network (PI).
Litentry
Litentry price went parabolic, reaching a high of $1.8457, its highest point since March 2024 and 250% from its lowest level on Friday. It then erased some of those gains and fell to $1.20 on Sunday.
Litentry surged as the network started its rebranding to Heima, whose token is HEI. The total supply of HEI is 100 million tokens, with the circulating supply being 66 million. The remaining ones will unlock in over 20 months.
According to the developers, the rebrand is part of Litentry’s evolution. The new network will focus on creating interoperability among chains. For examples, one will be able to pay token A for service on chain B.
The daily chart shows that the LIT price found a triple bottom at $0.5345, where it struggled to move below since August last year. It has moved above the neckline at $1.2440, its highest point in December last year.
Litentry formed a golden cross pattern as the 200-day and 50-day moving averages crossed each other. Therefore, the LIT coin will likely continue rising in this week, as the transfer to HEI continues. The potential target for the coin is $2.
Flare
Flare is a top player in the blockchain industry, where it provides developers with secure decentralized access to high-integrity from other chains. The FLR token will be in focus this week as it unlocks tokens worth $40.7 million representing 3% of the total. 66% of Flare tokens have now been unlocked.
Flare price bottomed at $0.012 in November last year and has bounced back to $0.022. The coin has retreated in the past few weeks. It has formed a bullish flag pattern, a popular continuation sign. The coin has moved above the 200-day moving average.
Flare will likely have a strong bullish breakout in the next few weeks, with the next point to watch being at $0.0325, its highest point in June last year.
Pi Network
Pi Network remained in a tight range during the weekend, two days after the developers extended the KYC grace period. The developers noted that the extension was to allow more pioneers to verify their identity ahead of the mainnet launch, which will happen in the first quarter.
The daily chart shows that the PI coin price has remained under pressure in the past few days. It has formed a bearish pennant pattern and is about to form a death cross, which happens when the 200-day and 50-day moving averages cross each other.
Therefore, Pi will likely remain under pressure this week, with the next point to watch being at $28.95, its lowest point in September last year.
Other crypto to watch this week
The other top cryptocurrencies to watch will be Ethereum Name Service, StepN, Aptos, Celestia, and Immutable X, which will unlock millions of tokens during the week.
