Top 3 Altcoins to Watch This Week!

Jakarta, Pintu News – As reported by Crypto News Flash (26/5), this week could be a busy period for the altcoin market, as some tokens that previously failed to perform in the latest rally might try to bounce back.

However, others may remain on a downward trend, such as Pi Network (Pi), Cetus Protocol (CETUS), and Optimism which need to be closely watched.

Pi Network (Pi)

Pi Network (Pi) is still having a hard time making a profit for late-entry investors, with a 50% price drop in the last 90 days. In a brief rally that briefly pushed most altcoins to new highs, Pi briefly jumped from $0.56 to a monthly peak of $1.6.

Read also: Pi Network to $1: Is it Possible?

However, the price quickly plummeted and returned to trading below $1. At the time of writing this report, Pi is trading at $0.77 after gaining 1.7% in the last 24 hours.

As highlighted in our previous blog post, Pi’s momentum has recently weakened due to frequent token releases to the market, with 15.2 million tokens expected to be unlocked on May 28.

Currently, around 70 million Pi (worth $53 million) have entered circulation in just one week. Around 261 million tokens will also be released in June, and an additional 1.57 billion Pi are expected to be unlocked over the next 12 months.

Under these conditions, Pi formed a bearish flag pattern on its eight-hour chart. If this pattern is confirmed, the price of Pi could drop back down to the $0.5545 level.

Aside from token shedding, price pressure could also come from ‘whale’ wallets that have reportedly been selling these assets in recent weeks.

Optimism (OP)

The price reaction of OP tokens may not be much different from Pi, as $23.4 million in funds, equivalent to 1.88% of the total supply, will be released to the market this week.

Currently, the OP price has dropped 57% from its yearly high of $2.7 and is still struggling to reverse a loss of 20.9% in its 90-day price chart.

Currently, OP is trading at $0.77 and remains below its 50-day and 100-day moving averages. The token is also forming a popular bearish reversal pattern, the ascending broadening wedge, which indicates a potential further price drop to $0.65 and could even drop further to $0.60.

Nevertheless, WisdomTree’s decision to open access to the 13 tokenization funds operating on the Optimism network and others – as we’ve covered previously – could help alleviate downward pressure on prices.

Read also: 3 Recommended Memecoins to Sell This Week!

Cetus Protocol (CETUS)

Cetus is having a tough time in the market, with a price drop of 7% in the last 24 hours and 29% in the last seven days.

Currently, CETUS is trading at $0.31, which is below its monthly high of $0.25. Interestingly, the token’s price outlook still looks uncertain or opaque.

This drop in performance is largely due to a decline in investor confidence after the project lost millions of dollars in user funds due to hacking. As explained in our previous news brief, $162 million in funds were frozen.

According to the report, around $63 million of the stolen funds have been bridged to the Ethereum network, which makes the recovery process even more difficult.

Currently, the development team is working on holding a vote to open access to the $162 million frozen fund.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto News Flash.Top Altcoins to Monitor This Week: Pi Network, Cetus, and Optimism Analysis. Accessed on May 27, 2025