Top Cryptocurrencies to Watch This Week: Arbitrum, Flare, Pi Network

 

Cryptocurrency markets remain highly volatile amid ongoing uncertainty surrounding President Donald Trump’s shifting stance on 25% tariffs on imports. Bitcoin (BTC) has been particularly reactive, dipping below $83,000 when the tariffs took effect on March 4, only to rebound above $90,000 after certain tariffs were suspended or delayed. However, BTC has since fallen again below $83,000, registering an 11.8% loss over the past week. Meanwhile, Ethereum (ETH) remains above $2,000 but has declined by 18.2% over the same period.

As a new week begins, market participants are closely watching three altcoins—Arbitrum (ARB), Flare (FLR), and Pi Network (PI)—which are undergoing significant market events.

Arbitrum (ARB)

 

Arbitrum, a leading layer-2 blockchain, has been in a prolonged downward trend for nearly two years. In 2023, it reached a high of $2.4253 and became the second-largest layer-2 network. However, it has since plummeted to an all-time low of $0.312.

The primary reason for this decline is Arbitrum’s high token dilution. With a circulating supply of 4.41 billion and a total supply of 10 billion, the ecosystem releases 479,068 new tokens daily. This week, 93.2 million additional tokens will be unlocked, continuing a schedule that will persist until April 2027.

Technically, ARB has fallen below key support at $0.4310 and remains below the 50-day moving average. The Relative Strength Index (RSI) continues to drift downward, suggesting that further losses may be ahead. If the bearish momentum persists, the next key support level to watch is $0.25.

Arbitrum was developed by Offchain Labs, a New York-based company founded by Steven Goldfeder, Ed Felten, and Harry Kalodner.

Flare (FLR)

Flare is another cryptocurrency in focus this week due to an upcoming token unlock worth $28.16 million, accounting for 2.90% of its circulating supply. To date, 68% of Flare’s total supply has already been unlocked.

FLR has declined significantly from its December 3 high of $0.03840 to its current level of $0.01575, the lowest since November 15. The token is trading below its 50-day moving average, indicating continued bearish pressure. However, it has formed a falling wedge pattern, a potential bullish reversal signal. If FLR breaks out, it could retest the 50-day moving average at $0.0220.

Flare Networks, founded by Hugo Philion, Sean Rowan, and Francisco Riordan, developed the Flare blockchain to enable smart contracts and interoperability with non-smart contract networks like Bitcoin and XRP. The FLR token serves multiple functions, including governance participation, transaction fees, and use within the Flare Time Series Oracle, a decentralized data provider.

Pi Network (PI)

Pi Network, a popular tap-to-earn token, has also faced significant downward pressure, reaching a low of $1.3960, its weakest level since February 2023. This decline follows news that over 1.4 billion Pi tokens will be unlocked throughout the year.

Technically, PI has fallen below a crucial support level at $1.5337, the neckline of a head and shoulders pattern. Additionally, it has formed a bearish pennant and moved below the 50-period weighted moving average. These indicators suggest further downside, with a psychological support level at $1.00.

Pi Network was created by Stanford graduates Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, and initially Vincent McPhillip.

Other Cryptocurrencies to Watch

Beyond these three, other cryptocurrencies poised for movement include Aptos (APT), Perpetual Protocol (PERP), and Apecoin (APE), all of which will undergo significant token unlocks. Additionally, mainstream assets like Bitcoin, Ethereum, and XRP remain in focus as traders assess their price action following prolonged periods of consolidation.

On the positive side, a potential listing by major exchanges like Binance and Coinbase could provide relief for some of these tokens, possibly leading to increased demand and price recovery.

As the week unfolds, investors and traders should keep a close eye on these assets, considering both technical indicators and macroeconomic developments that could influence the broader market.