The crypto market will likely be highly volatile this week as traders eye key macro events, including the US retail sales and consumer inflation report, and the Supreme Court’s publishing of its decision on Donald Trump’s tariffs. This article explores some of the top crypto to watch this week, including Pi Network (PI), Binance Coin (BNB), and Polygon (POL).
Pi Network in Focus After Announcing a Payment Upgrade
The Pi Network token has remained in a tight range in the past few weeks. It has remained around the key $0.2100 support level, a few points above the December low of $0.1925.
The token will be in the spotlight this week as traders react to a recent upgrade that focused on the payment process. They launched a new stack that enables developers to add Pi payments to their applications in under 10 minutes.
The stack’s launch is to ensure that developers focus on building applications on the network while spending a few minutes integrating the payment infrastructure into their apps.
Pi Network’s main challenge is that its ecosystem remains small, making it a ghost chain.
Another challenge is that it has formed a rising wedge and a bearish pennant, indicating a strong bearish breakdown in the near term. If this happens, the next key point to watch will be at $0.1931, its lowest level on December 16. A move below that level will point to more downside, potentially to the all-time low of $0.1525.
Binance Coin Price in Focus Ahead of Fermi Upgrade
Binance Coin price will also be in the spotlight this week as the developers launch the Fermi upgrade and hard fork on January 14.
This upgrade comes a year after the network launched the Maxwell, Pascal, and Lorentz upgrades, which helped to boost its block times. Fermi will continue with this process, reducing the average block time from 0.75 seconds to 0.45 seconds.
The upgrade will ensure that transactions are included in blocks more quickly, reduce confirmation times, and make applications feel more responsive. Cryptocurrencies often do well ahead of and after a major upgrade.
The daily chart shows that the BNB price has moved above the 50-day Exponential Moving Average (EMA) and the Supertrend indicator. It has also invalidated the bearish pennant pattern, pointing to more gains over time.
Polygon to Introduce Vision for Open Money Stack
Polygon price has been in a strong uptrend this year, rising by over 80% from its January low. The rally occurred as network metrics like transactions and the burn rate jumped. It has also become a major player in the payments industry, with top companies such as Shift4, Revolut, and Stripe leveraging its technology.
Polygon will be in the spotlight this week as the developers launch the Open Money Stack road map.
This stack will create a single vertically integrated stack to move all funds on-chain. It will enable the seamless global money movement in an open, Interoperable, and invisible money for users. The token will also be in focus as traders watch whether it continues to rise in the near term.
Some of the top tokens to watch include those with unlocks, such as Zebec Network, Cronos, and Starknet.
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