{"id":3662,"date":"2025-06-22T13:46:58","date_gmt":"2025-06-22T13:46:58","guid":{"rendered":"https:\/\/bitunikey.com\/news\/top-cryptocurrencies-to-watch-this-week-axelar-pi-network-and-solana\/"},"modified":"2025-06-22T13:47:00","modified_gmt":"2025-06-22T13:47:00","slug":"top-cryptocurrencies-to-watch-this-week-axelar-pi-network-and-solana","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/top-cryptocurrencies-to-watch-this-week-axelar-pi-network-and-solana\/","title":{"rendered":"Top cryptocurrencies to watch this week: Axelar, Pi Network, and Solana"},"content":{"rendered":"
\n

Cryptocurrencies are extra volatile as geopolitical risks rise and the Federal Reserve leaves interest rates unchanged for the sixth consecutive month, <\/p>\n

Bitcoin\u2019s (BTC) price went from an all-time high of $111,695 in May to below $102,000 on Sunday, June 22, sparking sell-offs among investors.<\/p>\n

Top altcoins plunged, as well: AB (AB), SPX6900 (SPX), Fartcoin (FARTCOIN), Virtuals Protocol (VIRTUAL), Sonic (S), and Story (IP) dropped by over 20%.<\/p>\n

<\/source><\/p>\n<\/picture>
Top altcoins crashed last week | Source: CMC<\/a><\/figcaption><\/figure>\n

Top cryptocurrencies to watch<\/strong><\/h2>\n

Solana (SOL), Axelar (AXL), and Pi Network (PI) are in focus this week as major token unlocks and key technical setups create both risks and opportunities for traders. <\/p>\n

A bullish flag pattern hints at a potential rebound for Solana while Axelar could see further downside as it trades below key technical support. <\/p>\n

Meanwhile, Pi Network\u2019s Pi Day 2 event on June 28\u2014with anticipated developer announcements and the conclusion of a widely followed domain auction\u2014could spark renewed bullish momentum. Read on for more info. <\/p>\n

Solana<\/h2>\n
<\/source>
\n\"solana\n<\/picture>
SOL price chart | Source: crypto.news<\/figcaption><\/figure>\n

Solana will be in the spotlight this week as it unlocks tokens worth over $255 million on Monday. A token unlock is seen as being more bearish because it introduces more tokens in the market.<\/p>\n

Solana price will also be in the spotlight as most meme coins in the ecosystem plunged. The market capitalization of all of these tokens plunged from over $12 billion earlier this month to below $10 billion.\u00a0<\/p>\n

The daily chart shows that SOL price has formed a bullish flag pattern, a popular continuation sign. This pattern comprises of a vertical line and a descending channel.\u00a0<\/p>\n

Therefore, the token will likely bounce back and possibly retest the upper side of the flag at $187.30, which is about 40% above the current level.\u00a0<\/p>\n

Anatoly Yakovenko, a former Qualcomm engineer, created Solana. He also co-founded Solana Labs in 2017 along with Greg Fitzgerald and Raj Gokal.<\/p>\n

<\/p>\n

Axelar\u00a0<\/h2>\n
<\/source>
\n\"axelar\n<\/picture>
AXL price chart | Source: crypto.news<\/figcaption><\/figure>\n

Axelar token has been in a strong bearish downtrend in the past few weeks, moving from a high of $0.6291 to a low of $0.3464, its lowest point since June 10.\u00a0<\/p>\n

Axelar\u2019s price may be at risk of more downside ahead of a big token unlock on Friday. The network will unlock tokens worth over $5.4 million, equivalent to 1.57% of the float.\u00a0<\/p>\n

Technicals suggest that the AXL price may continue falling now that it has dropped below the 50-day moving average. If this happens, the next point to watch will be $0.2740, its lowest point in April this year.<\/p>\n

Sergey Gorbunov and Georgios Vlachos co-founded Axelar and AXL in 2020. Both founders previously worked on the Algorand blockchain<\/a>. Axelar\u2019s focus is on building a decentralized network that enables secure and reliable cross-chain communication. <\/p>\n

AXL is the token that powers and secures the Axelar network<\/p>\n

Pi Network<\/h2>\n
<\/source>
\n\"Pi\n<\/picture>
PI price chart | Source: crypto.news<\/figcaption><\/figure>\n

The Pi Network price will be in the spotlight because of the upcoming 80.9 million token unlock. Most importantly, it will be in focus because of Pi Day 2 on June 28.\u00a0<\/p>\n

Pi Network\u2019s developers normally make major announcements on the first and second Pi Days. A major announcement on this Pi Day may help to boost the token.<\/p>\n

The commemoration coincides with the end of .pi domain auction, which has attracted millions of bids in the past few months.\u00a0<\/p>\n

Pi Network price may bounce back this week as it has formed a falling wedge pattern, a popular bullish reversal sign.\u00a0<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrencies are extra volatile as geopolitical risks rise and the Federal Reserve leaves interest rates unchanged for the sixth consecutive month, Bitcoin\u2019s (BTC) price went from an all-time high of…<\/p>\n","protected":false},"author":1,"featured_media":3185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3662","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=3662"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3662\/revisions"}],"predecessor-version":[{"id":3663,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/3662\/revisions\/3663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3185"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=3662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=3662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=3662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}