Cryptocurrencies Price Prediction: Pi Network, Bitcoin & Zcash – Asian Wrap 15 July
Pi Network (PI) hovers above $0.07500 on Wednesday, showing early signs of a rebound from a key support zone after over two weeks of steady decline. The broader market recovery linked to reduced US inflation and the likelihood of fewer rate hikes eases risk-off sentiment, which had been weighing down altcoins. The technical outlook for Pi Network takes a mildly optimistic shift, indicating a potential rebound amid oversold momentum.
Bitcoin price trades at $64,510 on Wednesday after gaining over 4% and closing above the $64,000 resistance level the previous day. Despite this rebound, BTC maintains a cautious tone, remaining below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) at $65,142, $68,524, and $74,562, respectively. This configuration suggests the broader trend is still under downside pressure even though momentum is stabilizing, with the Relative Strength Index (RSI) at 54 hinting at mildly positive traction and the Moving Average Convergence Divergence (MACD) holding in positive territory, which could help limit immediate losses rather than trigger a decisive bullish reversal.
Zcash trades above $550 on Wednesday, extending its advance above the 50-day EMA at $471 and the 200-day EMA at $389, which together reinforce a bullish near-term bias. The privacy coin also holds comfortably above the 78.6% Fibonacci retracement at $520, underscoring a well-supported structure. Momentum aligns with this constructive backdrop, as the RSI at 62 is in positive territory without yet reaching overbought extremes, while the MACD stays firmly positive with its signal line, hinting at persistent buying pressure.
