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Alibaba stock price analysis: gears for a surge as rare pattern forms

Alibaba stock has surged from a low of $55.7 in 2022 to $123 as the company has benefited from several tailwinds like the artificial intelligence theme, the end of a regulatory crackdown by Beijing authorities, and its stock buybacks. This article explains why the BABA share price is about to surge ahead or after this week’s earnings.

Alibaba stock price has formed a golden cross

The weekly chart identifies a few unique patterns that may push the BABA stock price much higher in the long term. It has remained above the ascending trendline that connects the lowest swings since January last year. That is a sign that bulls remain in control for now.

The other main thing is that the Alibaba stock price has formed a golden cross pattern, which happens when the 50-week and 200-week Exponential Moving Averages (EMA) cross each other. A golden cross often leads to more gains. 

A good example of this is to consider its opposite, which is known as the death cross pattern. BABA stock formed a death cross in September 2021 when it was trading at $170. It then plunged to a low of $55.7 in 2022. 

Alibaba stock has also moved above the important resistance level at $117.60, the highest swing in October 2024. Moving above this price was notable as it invalidated the double-top pattern that was forming. It has also jumped above the 23.6% Fibonacci Retracement level at $116.18.

Therefore, the shares will likely continue rising as bulls target the next key resistance level at $148, the highest level in 2025. A move above that resistance will signal more gains to the 50% retracement at $183, up by 46% above the current level. 

The bullish Alibaba stock price forecast will become invalid if it crashes below the key support at $96, the lowest point in April. 

BABA stock chart | Source: TradingView

More catalysts for BABA share price

Alibaba stock price faces more catalysts ahead. First, the company will be a top beneficiary if the United States reaches a deal with China. In separate statements, Scott Bessent and Donald Trump hailed the two-day talks even as they provided no details on what was discussed. 

A deal between the two countries would help Alibaba because of the volume of goods it sells in the US. Many US businesses use Alibaba’s website to source goods from the US, meaning that they would benefit from an agreement. 

Further, Chinese officials may pitch purchases for American technology items like semiconductors as a way of narrowing US trade deficit. Such a move would include giving Alibaba access to chips from companies like NVIDIA and AMD. 

The other bullish catalyst for the BABA stock price is the ongoing share repurchases. Data shows that the number of outstanding shares has dropped to 2.31 billion, down from 2.71 billion in 2020. Share repurchases help to boost a company’s stock by increasing its earnings per share (EPS). 

Analysts are upbeat about the upcoming earnings even as recession risks have remained. The average revenue estimate is 240 billion yuan, up 8.17% from what it made in the same period last year. 

The earnings per share is expected to come in at 12.8 yuan, up from 10.14 a year earlier. Alibaba has a long history of beating analysts estimates, meaning that it will likely do the same this quarter. 

Alibaba stock is also fairly priced as it has a forward P/E ratio of 12.2, much lower than the S&P 500 average of 21. This valuation is also cheaper than other companies like Amazon and Chinese tech firms like Tencent and PDD Holdings.

Read more: 4 reasons Alibaba stock price is surging this year and what next

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Europe markets open: Stoxx 600 rallies over 1% as markets cheer US-China deal

European stock markets kicked off the new trading week with a powerful surge on Monday, as investors enthusiastically welcomed news that the United States and China had reached an agreement to significantly reduce trade tariffs.

This apparent breakthrough in the protracted trade dispute between the world’s two largest economies immediately lifted global market sentiment.

The positive momentum was evident across major European bourses from the opening bell.

The pan-European Stoxx Europe 600 index jumped 1.1% in early trading.

Leading national indices followed suit: Germany’s DAX surged 1.6%, France’s CAC 40 climbed 1.3%, and the UK’s FTSE 100 opened around 0.6% higher.

Earlier IG data had indicated pre-open expectations for the FTSE 100 to be up 35 points, DAX +192, CAC +70, and Italy’s FTSE MIB +366 points.

The primary catalyst for this strong risk-on sentiment was the White House’s announcement over the weekend of a “trade deal” with China, which included an agreement to suspend most tariffs for a 90-day period.

US Treasury Secretary Scott Bessent further bolstered optimism on Monday, stating that talks with China had been “very productive.”

This signaled a significant thawing in trade tensions that have weighed heavily on global economic prospects.

The positive news reverberated across global markets even before European trading commenced.

US stock futures had jumped sharply on Sunday night following the White House comments, with Nasdaq futures pointing to gains around 3.6%, S&P 500 futures up by 2.8%, and Dow futures indicating a rise of nearly 1,000 points (or 2.3%).

Asia-Pacific markets also broadly rallied on Monday in response to the perceived progress.

Safe havens retreat as risk appetite returns

The improved outlook for global trade prompted a noticeable shift away from traditional safe-haven assets.

Spot gold, which often gains during periods of economic and political instability, plunged on Monday as investors unwound protective positions. By 9:20 a.m. Singapore time, bullion was trading 1.85% lower at $3,262.29 per ounce.

This marked a sharp reversal from the previous week when gold had notched a 2.6% gain as investors sought refuge from trade uncertainties.

Bitcoin, another asset sometimes viewed as a hedge, also saw a slight pullback on Monday after strong recent gains.

The leading cryptocurrency was down 0.42% to $103,859.94 as of 11:39 a.m. Singapore time, though it continued to hold comfortably above the significant $100,000 threshold.

Its recent surge had prompted forecasts of it soon retesting its all-time high reached at the end of January.

Focus on earnings amid quieter data day

While the trade news dominated headlines, investors also turned their attention to corporate earnings.

Monday’s European earnings calendar was relatively light, though Italian banking giant UniCredit was among those releasing its latest quarterly results.

The broader earnings season continues to unfold, providing crucial insights into how companies are navigating the evolving economic landscape.

Data releases for the day were also sparse, allowing market participants to fully digest the implications of the US-China trade developments.

As the trading week begins, the significant step towards de-escalating the US-China trade war has provided a powerful boost to investor confidence, setting a positive tone across global financial markets.

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Analysts are upbeat about AMD stock price: should you buy or sell?

AMD stock price has bounced back in the past few days as investors cheered the company’s upbeat financial results. It has also jumped as the market predicts that it will be the next big player in the artificial intelligence (AI) industry. It rose to a high of $102.85, its highest level since March 28, and 35% above the current level. 

AMD earnings recap

AMD and other semiconductor companies are facing a double-whammy: there is a risk that the AI bubble is bursting, and export controls from China. On the AI bubble, some companies like Microsoft have started to pause or end their data center expansion in key countries. 

NVIDIA warned that export controls to China would have a $5.5 billion impact on its business. AMD also warned that limiting exports of key technologies to the second-biggest economy, would have a direct impact on its revenue.

The company published its financial results last week, which showed it was continuing to gain market share in the data center industry. Its revenue rose to over $7.43 billion, up by about 36% from the same period last year. The figure was a big increase from the expected $7.35 billion. 

AMD’s gross profit jumped by 46% to $3.73 billion as its gross margin jumped to 50% from 47% a year earlier. Most importantly, the net income jumped by 476% to $709 million, while the diluted EPS jumped by 526% to 44 cents. 

This growth was mostly because AMD has become a major player in the data center industry, which has been growing in the past few months. Its data center GPUs have become the closest competitor to NVIDIA now that Intel’s business is struggling. 

The data center business generated revenues of $3.67 billion in the first quarter, a 57% increase from the same period last year. 

Most importantly, there are signs that the client and gaming, and embedded businesses that have struggled in the past have started to improve. The client and gaming segment made $2.9 billion, up by 28% from Q1’24, while the embedded revenue fell by just 3%.

Analysts are upbeat about AMD 

Wall Street analysts are upbeat about AMD’s performance in the coming quarters. The average estimate is that the company’s revenue will rise by about 26.80% in the first quarter to $7.4 billion. This forecast is in line with what the management guided as it expects its revenue to be minus or plus $300 million that level.

The management expects that its gross margins will drop to 43% because of $800 million in charges related to Trump’s export curbs. Its gross margin would have continued rising to 54%, excluding these curbs.

AMD tends to be highly conservative when it issues its forward guidance. As such, there is a likelihood that the company’s business will keep doing better than expected.

The average AMD stock price forecast is $127, up from the current $102. Most analysts cite its growing market share in the AI industry and the fair valuation since it has a forward PE ratio of 25.45. 

AMD stock price analysis

AMD stock chart | Source: TradingView

The daily chart shows that the AMD share price has rebounded from a low of $76.45 in April to $102.85 today. It has jumped above the crucial resistance level at $93.55, its lowest level in October 2023. 

The stock has moved above the 50-day Exponential Moving Average, while the MACD indicator has moved above the zero line. Also, the Relative Strength Index (RSI) has jumped above the neutral point at 50.

The outlook for the AMD stock price is bullish, with the next point to watch being at $122.10, the lowest swing in August last year, and 20% above the current level. A drop below the support at $93.5 will invalidate the bullish outlook.

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Trump to sign executive order slashing drug prices today: Asian pharma stocks fall, analysts flag downsides

President Donald Trump announced on Sunday evening that he would sign an executive order aimed at reducing prescription drug prices in the United States by linking them to prices paid in other wealthy nations.

The move, posted on Truth Social, revived a controversial pricing model known as the “most favored nation” (MFN) approach.

The plan would effectively cap US prices for certain drugs at the lowest rate paid by peer countries.

Trump offered few details on which drugs or insurance programs would be affected, leaving critical questions about implementation unanswered.

“Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before,” he wrote.

While the order does not immediately change federal policy, it signals a renewed effort to address soaring drug costs ahead of the election season, with potential implications for pharmaceutical firms worldwide.

From Chugai to Sun Pharma: Asian pharma stocks fall sharply in response

Markets in Asia were among the first to react, with pharmaceutical shares plunging on Monday amid fears that reduced prices in the US—the world’s largest market for medicines—could significantly dent profits.

In Japan, the drug sector was the weakest performer on the Topix index.

Chugai Pharmaceutical fell as much as 10%, marking its sharpest drop in over a year. Daiichi Sankyo lost 7.8%, and Takeda Pharmaceutical fell over 5%.

In Hong Kong, BeiGene Ltd. dropped 8.8%, while Innovent Biologics shed 6.4%.

South Korean firms SK Biopharmaceuticals, Celltrion, and Samsung Biologics each fell more than 3%.

Indian drugmakers Sun Pharmaceutical, Lupin, and Aurobindo Pharma posted declines between 3% and 7%.

The market rout reflected concern that a pricing overhaul in the US could erode revenue for companies that rely heavily on American sales.

Rule likely to apply to Medicare drugs; analysts flag challenges to implementation

The White House has yet to provide full details of the executive order. According to a report by Politico, the MFN pricing principle would initially apply only to a selection of Medicare-covered drugs.

Stephen Barker of Jefferies Japan pointed out that Trump’s latest initiative mirrors an earlier proposal to cap Medicare drug prices—a move struck down in federal court after pushback from pharmaceutical companies.

Nonetheless, Barker warned that a renewed push targeting Medicare and Medicaid, which together account for roughly 40% of US drug sales, could result in serious revenue reductions across the sector.

Shares of Japan’s Astellas Pharma and Otsuka Holdings, both of which derive significant revenue from US operations, lost more than 4% following the news.

Hidemaru Yamaguchi of Citigroup Global Markets Japan described the plan’s feasibility as “questionable,” but noted that its mere announcement had already shaken investor sentiment.

“The devil still may be in the details,” said Michael Risinger, a healthcare strategist. “We’ll have to see whatever that detailed plan is… and then watch future developments.”

Evan Seigerman of BMO Capital Markets emphasized that the executive order would likely be confined to the Inflation Reduction Act framework introduced under President Biden, which already mandates price negotiations for a small number of high-cost drugs.

Seigerman added that the federal government currently lacks authority to set prices in the commercial market, and any attempt to broaden the order’s reach could face strong opposition in the Republican-controlled House.

Still, the uncertainty surrounding the order is adding volatility to global pharma stocks.

S&P 500 Pharma industry index down by 10% over 3 months

The extent of pricing pressure and potential tariffs remains unclear, but the prevailing uncertainty is already dragging down pharmaceutical stocks in the US as well.

The S&P 500 Pharmaceuticals industry index has declined nearly 10% over the past three months, and analysts caution that it may be too early to declare a bottom for the sector.

The US pharmaceutical market is a cornerstone of global drug revenues.

Seven of the ten largest pharmaceutical firms by market value are American, and even foreign giants like Novartis, Sanofi, and Novo Nordisk derive more than half their income from US sales.

Eli Lilly, the world’s most valuable drugmaker, earned 67% of its 2024 revenue from the US Johnson & Johnson, the largest by revenue, earned 57%.

Industry executives have warned that pricing cuts could jeopardize research and development, already an expensive and risky process.

Around 90% of drugs entering Phase 1 clinical trials never reach the market, and development timelines can stretch up to 15 years.

In a Barron’s report, an Eli Lilly spokesperson called the MFN model “a misguided attempt at addressing drug prices that would do nothing for patients while jeopardizing the nearly $200 billion in new US investments recently announced by biopharmaceutical companies.”

Calls for global responsibility and balanced policy

Chris Boerner, CEO of Bristol Myers Squibb, expressed concern that unilateral US pricing reforms could undermine global R&D investment.

In an op-ed for STAT, he urged other wealthy nations to increase their contributions to healthcare innovation rather than depend disproportionately on US spending.

“Slashing US investment in medicines or importing lackluster policies of less innovative health care systems is not the answer,” Boerner wrote.

For now, the global pharmaceutical industry faces a renewed test of its pricing power in its most profitable market, with investors bracing for continued volatility in the months ahead.

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JPM analyst explains what could push gold prices up to $6,000

Gold prices have been in a sharp uptrend in 2025 amidst uncertainty related to higher tariffs under the Trump administration and their potential impact on the US economy.

Trump tariffs delivered a massive blow to the benchmark S&P 500 index in recent months, which, at one point, was seen trading down about 20% versus its year-to-date high in February.

And a significant chunk of capital that flew out of the US stocks due to macroeconomic headwinds found its way into the yellow metal this year, driving its price up over 30% in just four months.

However, a JPMorgan expert argues gold could be materially more expensive in the years ahead.   

JPM sees a possibility of another 80% surge in gold prices

In her latest research note, JPM’s commodities strategist Natasha Kaneva discussed the possibility of continued momentum in gold that could push its price up to as much as $6,000 over the next four to five years.

According to Kaneva, global investors are losing their appetite for US investments due to the new government’s uncertain trade policies that many believe could trigger a full-blown trade war in 2025.

“International investors are starting to reassess the exorbitant privilege and safe haven status of the US dollar,” she noted in a report this week.

Note that the gold price currently sits at $3,333 only, which means Kaneva’s $6,000 hypothesis indicates potential upside of another 80% from here.

What would it take for gold to hit the ambitious $6,000 level?

Interestingly, it wouldn’t take a lot for gold prices to march towards the ambitious $6,000 level in the coming years, as per JPM’s estimate.

According to the firm’s commodities strategist, Kaneva, if global institutional investors redirect only 0.5% of the capital they currently have in foreign US assets to gold, the inflow would be sufficient for the yellow metal to hit $6,000 by 2029.

“Gold could benefit from this shift, despite its small 4.0% share in the global asset mix. Limited supply growth means even small reallocations to gold can significantly impact prices,” she added in her research note.

Why have gold prices been in a sharp uptrend in 2025?

A sharply higher interest in gold this year is not surprising at all, given its often touted as the “store of value”.

Historically, investors turn to the yellow metal during challenging times like those of a recession, financial uncertainty, or excessive geopolitical tensions – all of which are characteristics of 2025.

Increased tariffs under Trump 2.0 have created an environment of financial uncertainty, triggering concerns of a recession in the second half.

Plus, there’s a war ongoing in Ukraine, in the Middle East, and now tensions are escalating between Pakistan and India as well.

This is why gold prices have been in an uptrend in recent months and may continue their upward trajectory moving forward.

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Uniswap price prediction: Unichain activity fuels UNI momentum

Uniswap price staged a strong comeback this week as the crypto market surged, leading to high volume in its platform. UNI token has risen in the last three days, reaching its highest point since March 28. It has jumped by almost 50% from its lowest level this year, giving it a market cap of over $4.2 billion. 

Uniswap price jumps as exchange volume soars

As investors returned to the market, the volume of assets flowing into centralized and decentralized exchanges jumped this week. This surge happened as Bitcoin soared to over $104,000 for the first time in months, and as Bitcoin crossed the important $2,000 barrier. 

Uniswap, the biggest decentralized exchange in the industry, experienced substantial volumes, with the 24-hour figure jumping to $14.5 billion. It has handled assets worth over $52 billion in the last 30 days, much higher than PancakeSwap, which processed cryptocurrencies worth over $35.6 billion. 

This volume will likely grow if the crypto market bull run continues as many top analysts expect. For example, our Bitcoin price prediction estimated that the coin will keep surging this year and potentially hit the resistance at $150,000. 

Other analysts from companies like Standard Chartered and Ark Invest expect the surge to continue and hit over $200,000 in the next few months. A Bitcoin price surge would benefit other altcoins since they often follow the footsteps of BTC. 

This growth will continue making Uniswap one of the most profitable chains in the crypto market. It has made over $336 million this year, beating other popular players in the crypto industry like Ethereum, AAVE, and PancakeSwap.

Unichain gowth continues

Uniswap price has also jumped because of the continued growth of Unichain, its layer-2 network that was launched a few months ago.

Unichain is a network that aims to provide developers with a better blockchain for their DeFi operations. Its main features are its instant transactions, thanks to its 1-second block time and the ability to transact across multiple chains. 

Unichain is also focused on its community, with 65% of all revenue going back to the community. 

It has attracted many developers like Stargate Finance, Venus, Compound Finance, Velodrome, and DyorSwap. As a result, its total value locked (TVL) in the ecosystem has jumped to over $753 million, while all stablecoins have soared to $317 million. 

In contrast, Cardano, a chain that has been around for years, has only $30 million in stablecoins. 

Unichain is also becoming a more popular player in the DEX industry, handling over $606 million in daily volume. Its transactions rose by 67% in the last seven days to $2.82 billion, bringing the cumulative total to $7 billion.

Unichain has flipped some of the top players in the crypto industry like Sui, Avalanche, and Tron. 

UNI price analysis

UNI price chart | Source: TradingView

The daily chart shows that the UNI price resembles that of many other altcoins. It formed a giant falling wedge pattern, a popular bullish reversal sign. The coin recently formed a double-bottom pattern at $4,545, with its neckline at $6,060. A double-bottom often leads to a bullish reversal.

Uniswap price has crossed the neckline and moved above the 50-day Exponential Moving Average. Top oscillators like the Relative Strength Index (RSI) and the MACD indicators have continued soaring this week. 

Therefore, the most likely Uniswap price forecast is bullish, with the next point to watch being at $7.92, the 78.2% retracement level, which is 18% above the current level. A drop below the support at $6 will invalidate the bullish outlook and point to a crash to $4.55.

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BNB price analysis: calm before the storm for Binance Coin

The BNB price was largely unchanged this week as it missed the recent crypto market rally. Binance Coin was trading at $655 on Saturday, inside a range it has remained in for the past few months. However, as our analysis shows, there is a likelihood that this consolidation is the calm before the storm ahead of a major comeback in the next few months.

BNB price technical analysis

The weekly chart shows that the Binance Coin price has remained in a consolidation phase in the past few months. It has been stuck between the support and resistance levels at $495 and $750 since March last year. 

This consolidation has been by design, as the coin is in the process of forming the handle section of the cup-and-handle pattern. Historically, this pattern has been one of the most bullish ones in the market. 

The pattern starts when an asset in a strong bull run finds an initial resistance and starts to retreat gradually. Eventually, the asset forms a rounded-bottom pattern, and starts rising again and retests the first resistance level, completing the cup section. 

The other section is known as the handle, and is normally involves a consolidation or a pullback. This consolidation may take a few days, or over a year. Ideally, if the pattern forms on the weekly or monthly chart, there is a likelihood that it will take time to complete. 

The price target in the C&H pattern is identified by first measuring the depth of the cup, and then measuring the same distance from the upper side. In the BNB case, the depth stands at 70%. Measuring the same distance from $660 brings the target at $1122. 

The initial BNB price target to watch will be the December high of $748, followed by the psychological level at $1,000. A move above that level will point to more gains, potentially to the target point at $1,122. 

The caveat to this BNB price prediction is that, as mentioned above, it is based on the weekly chart, meaning that its target may take time to work out. A drop below the support at $495 will invalidate the bullish outlook.

BNB price chart | Source: TradingView

Read more: Bitcoin price prediction: why the BTC surge may be just beginning

Top catalysts for the Binance Coin price

The BNB price has numerous catalysts that may push it much higher in the coming months. First, it is one of the most deflationary tokens in the crypto industry. It achieves this through its two token burns. 

The first burn comes from the regular fees that are generated from the BSC Chain. This approach normally burns about 750 BNB tokens, currently valued at almost $500k a week, and has incinerated tokens worth $171 million since its beginning.

The other approach is a quarterly one and is based on the BNB price and the blocks generated in the quarter. This approach burns tokens worth over $1 billion a quarter, making it a highly deflationary chain. 

Further, BSC Chain is positioning itself as the best alternative to Solana and Ethereum. Solana is known for congestion, while Ethereum has high fees. BSC is doing this through regular updates. It has already implemented the Pascal and Lorentz upgrades, and are now gearing to the upcoming Maxwell upgrade that will reduce the block time to 0.75%.

The BNB price will benefit from the ongoing staking inflow, a sign that investors are optimistic on it. Investors have added tokens worth $90 million in the last 30 days. 

Further, the BNB price will benefit if the SEC approves an ETF that was filed by VanEck, a top asset manager in the United States.

Read more: 4 reasons the Binance BNB price will surge to $1000 soon

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Solana price prediction: is SOL a coiled spring ready to pounce?

Solana price has recovered this month, making it one of the best-performing coins in the crypto industry. It jumped to a high of $180 on Saturday, and is hovering at its highest level since March this year. It has spiked by almost 90% from its lowest point this year. This article explores why the SOL price may be a coiled spring ready to pounce.

Solana meme coins are rebounding

One of the top reasons why the SOL price is about to surge is that Solana meme coins have gone parabolic in the past few days. Official Trump Coin price has surged by 29% in the last seven days, while Bonk, Fartcoin, Dogwifhat, Pudgy Penguins, and Popcat have all soared by double digits. 

This recovery has brought the market cap of all Solana meme coins to $13.1 billion, up from $6 billion a few weeks ago. It is a sign that these tokens will always do well when there is a rally in the crypto market. 

The surge in these meme coins helps to boost Solana’s sentiment, and boosting its ecosystem revenue and fees. Data shows that the volume handled by decentralized exchange protocols on Solana rose by 7% in the last seven days to over $21.7 billion, bringing th 30-day figure to $80 billion. 

Solana’s network handled more assets than Ethereum and BSC, which handled $51 billion and $35 billion, respectively.

SOL stablecoin market cap is soaring

Stablecoins are the currencies that people use in the cryptocurrency industry since one cannot use fiat currencies like the US dollar and the euro. Therefore, one of the top metrics to look at when evaluating a cryptocurrency’s growth is the stablecoin market cap.

Solana has one of the most active stablecoin presence, with their market cap jumping to over $12 billion. While this figure is smaller than Ethereum’s $215 billion and Tron’s $73 billion, it is a sign that it is growing. Similarly, the total value locked (TVL) in th Solana ecosystem has jumped to almost $10 billion today.

All these factors have contributed to the robust fees that Solana has made this year. Data shows that Solana has made $710 million this year, making it the third-most profitable network in the crypto industry after Tether and Tron. It has beaten Ethereum, which has made $616 million.

Staked Solana inflows is rising

Further, investors have pumped over 7 million SOL tokens worth $1 billion to Solana staking pools, bringing the total staking market cap to almost $70 billion. This growth has brought the staking ratio to 65%.

The rising demand is a sign that investors will also allocate money to spot Solana exchange-traded funds (ETFs) when they are approved by the SEC. JPMorgan analysts predicts that these funds will attract over $6 billion in inflows in the first year.

A key driver for this ETF inflow is that the SEC may approve staking in these ETFs, making them more viable than the existing Ethereum funds.

Solana price prediction

SOL price chart | Source: TradingView

The daily chart shows that the SOL price has staged a strong comeback in the past few weeks, rising from a low of $94 to $180 today. Solana has already moved above the 50-day and 100-day Exponential Moving Averages (EMA).

It has also jumped above the 38.2% Fibonacci Retracement level. Also, the MACD and the Relative Strength Index (RSI) have continued rising. Therefore, the coin will likely keep rising as bulls target the 61.8% retracement point at $220. A move above that level will point to more gains, potentially to $300.

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Pi Network price nears $1: has the Pi Coin train left the station?

The Pi Network price has staged a strong recovery as investors wait for the upcoming Consensus event and as the crypto market intensified. The token jumped to a high of $0.97, up by 145% from its lowest level in April. It is now hovering at its highest point since March 25. So, why is the Pi Coin price rising and how high can it go?

Why Pi Network price is rising

There are three main reasons why the Pi Network price has gone parabolic this weekend. The most important one is that the crypto fear and greed index continues rising and is now at the greed zone of 75. A rising greed index is always a sign of a risk-on sentiment among investors, which leads to higher prices. 

This sentiment has led to higher Bitcoin and altcoin prices. Bitcoin has jumped above $104,000 and is within touching distance of hitting its all-time high of $109,300. Similarly, Ethereum rose above $2,500 for the first time since February on Saturday. 

Consensus event and key announcement

Second, the Pi Coin price is surging because of the upcoming Consensus event in Toronto, where senior executives and policymakers will gather. Nikolas Kokkidis, Pi Network’s co-founder, will be one of the speakers. 

In an X post last week, the developers promised a major announcement during the Consensus event. As the news is yet to be revealed, analysts are speculating that this announcement will be a listing by one or more centralized exchanges like Binance or HTX.

An exchange listing would be a good thing as it would make it more available to millions of investors from around the world. Historically, cryptocurrency prices go parabolic when large centralized exchanges like Binance, Coinbase, or Upbit list them. 

The other likely scenario is where Pi Network’s developers announce a major partnership with a big company, which would also be a positive thing.

Another potential Pi Network news will be the launch of an ecosystem fund to incentivize developers to build applications on its network. That would be an encouraging thing since most of the existing Pi Network dApps have not gained traction among users. 

Read more: Solana price prediction: is SOL a coiled spring ready to pounce?

Key challenges remain

Pi Network price road to recovery faces several obstacles. The first one is that it is a highly centralized coin that the Core Team fully controls. This likely explains why most centralized exchanges have avoided it this year. 

The risk is that a highly centralized coin can crash as Mantra did in April. Mantra’s price crashed by over 90% within a 24-hour period. While the developers blamed forced liquidations for this, analysts pointed to increased token dumps by insiders, who made billions of dollars.

The other potential risk it is facing is the growing supply as token unlocks continue. Pi Network will unlock over 1.4 billion tokens in the next 12 months, adding to its supply, and diluting existing holders. 

Read more: Pi Network price prediction 2025 – 2030 after the mainnet launch

Pi Network price analysis

Pi Coin price chart | Source: TradingView

The other main reason why the Pi Network price has surged is that it has some strong technicals. It found a strong bottom at $0.5572, a level it failed to drop below since April this year. 

Pi Coin price formed a double-bottom pattern and has now moved above the neckline at $0.79. It has also jumped above the 50-period moving average, a sign that bulls are coming back online.

Most notably, Pi Coin has been in the accumulation phase of the Wyckoff Theory, pointing to an eventual rebound. It will initially jump to $1, and then continue its recovery to the next key resistance level at $1.80. It will eventually soar to $3.

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Top S&P 500 Index stocks to watch: Walmart, Applied Materials, Cisco

The S&P 500 Index has jumped in the past few weeks and pared back some of the losses it made earlier this year when Donald Trump unveiled his tariffs. After initially falling to a low of $4,840 in April, it has rebounded by 17% to the current $5,660, its highest level since April 2. 

Top S&P 500 Index catalysts

The S&P 500 Index has had numerous catalysts in the past few weeks. The most important one has been the rising hope that the US will reach trade deal with other countries, especially China.

It has already reached a deal with the United Kingdom, and Donald Trump hailed the first day of talks with China in Switzerland. A potential deal will lead to lower tariffs and a commitment for China to buy more US goods, especially in the energy and agricultural sectors. 

Trump also hopes that China will lower its non-tariff barriers, including intellectual property (IP) theft. Still, it is clear that the deal between the two countries will take more rounds of talks to achieve. Scott Bessent, the Treasury Secretary, has hinted that they will take at least three years. 

S&P 500 Index chart

The other catalyst for the S&P 500 Index is the Federal Reserve, which left interest rates unchanged in its meeting last week. It left rates intact at 4.50% last week and hinted that it will embrace a wait-and-see attitude when making the next decision to cut. 

A trade deal between the US and other countries would help the Federal Reserve cut rates earlier as it would lead to lower inflation. 

Further, the index has reacted mildly to the ongoing earnings season. Data compiled by FactSet shows that 90% of all companies in the S&P 500 Index have reported earnings. Their blended earnings growth was 13.4%, the second straight quarter of double-digit earnings growth.

The earnings season has been relatively muted because analysts believe that these earnings were transitory since the reciprocal tariffs were not implemented in the first quarter. 

As the earnings season winds down, some of the top S&P 500 Index stocks to watch will be Walmart, Applied Materials, and Cisco Systems.

Walmart (WMT)

The Walmart stock price has done well in the past few weeks as it jumped from $80 in April to $97 today. This recovery mirrored the performance of other companies in the S&P 500 Index. 

Analysts expect Walmart’s numbers to show that its revenue rose by 2.85% in the last quarter to $164.5 billion. Their hope is that the annual revenue this year will be about $702 billion, up by 4.10% from a year earlier. The average Walmart stock price forecast is $107, up from the current $96.

Read more: Is it too late to invest in Walmart stock as it hits a record high? here’s what experts are saying

Applied Materials (AMAT)

Applied Materials is another top company to watch as it releases its financial results on Thursday. These numbers come as the AMAT stock price is attempting to rebound after bottoming at $123.95.

Applied Materials, a top semiconductor company, is expected to publish revenues of $7.12 billion, a 7.12% increase from the same period last year. The annual revenues are expected to come in at $28.7 billion, a 5.8% from a year earlier. Analysts expect the AMAT stock price to jump to $201 from the current $155.

Read more: Applied Materials stock: Is AMAT a bargain ahead of earnings?

Cisco Systems (CSCO)

Cisco Systems stock price has jumped from a low of $52.15 in April to $60 today, and its earnings on Tuesday will have an impact on it. 

The company’s business has benefited from the AI macro theme since it is one of the biggest providers of networking solutions. Analysts expect the results to show that its business did well in the last quarter as its revenue rose by 10% to $14 billion. Analysts have a Cisco stock price target of $67, up from the current $59.

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