Popular Crypto Assets Price Prediction: Pi Network (PI) and Kaspa (KAS) are expected to further pump in a bullish trend.

Gate news, as the conflict between Iran and Israel subsides, the risk appetite in the crypto assets market is recovering, with Bitcoin (BTC) price briefly surpassing $108,000, bringing favourable information to the top alts market. With the rise in investors' risk appetite, Pi Network (PI) and Kaspa (KAS) have outperformed the market in the past 24 hours.

Pi Network wedge breakthrough momentum is strong

According to FXStreet, the recent hot topic aligns with the Pi Network team's preview of the integration of generative artificial intelligence (GenAI).

In an upward trend, the Pi Network broke through the key resistance level formed by the peaks on May 22 and June 14. In addition, the converging support trend lines inferred from May 17, May 31, and June 17 completed a descending wedge pattern.

The breakthrough rebound faces resistance at the $0.6600 level, which is the low point on May 17. If PI closes above this level, the upward trend may extend to the $0.8686 level, which is the volatility high since May 21.

When the Moving Average Convergence Divergence (MACD) indicator line crosses above its signal line, the MACD indicator issues a buy signal. The rise of the green bars indicates a surge in buying pressure.

The Relative Strength Index (RSI) is 53, above the midpoint, indicating that the momentum supporting the ongoing rise is strengthening.

If PI reverses from $0.6600, it may retest the $0.5090 level last tested on June 21.

(Source: Trading View)

KAS's breakthrough rebound is expected to set a new monthly high

KAS has continued the weekly rebound momentum, with the fourth consecutive bullish candle appearing. So far this week, the upward trend has accounted for 21% and has broken through the resistance trend line formed by the peaks on May 12, May 22, and June 10.

It is worth noting that the trend line of KAS has broken through the descending wedge formed by the support trend line connecting the closing prices of May 31 and June 22. The price action target is the direct resistance level of $0.082, which is the high point on June 16.

If the daily closing price is above this level, it may reach $0.090, which is the highest closing price in June.

The MACD indicator shows that the MACD line has crossed the signal line, indicating a trend reversal. The RSI is at 47, gradually approaching the midpoint, suggesting that the selling pressure is gradually weakening.

However, if it fails to break through $0.082, KAS may fall back to the resistance trend line it broke through, approaching $0.070.

(Source: Trading View)