{
  "type": "article",
  "title": "Crypto Markets Face Policy Hurdles as Pi Network Tests Resistance and Ethereum Sees Institutional Backing",
  "summary": "As US legislative delays and geopolitical tensions weigh on altcoins, Pi Network struggles below key trendline resistance while Ethereum shows signs of underlying institutional accumulation.",
  "content": "Cryptocurrency markets experienced mixed price action on Friday as Pi Network remains constrained beneath a major overhead technical hurdle. Digital asset sentiment continues to navigate macro pressures stemming from legislative delays in the US Senate and ongoing US-Iran geopolitical friction. Trading around $0.0871, PI sustains support above its mid-summer lows, yet remains capped below a descending resistance trendline near $0.0910, maintaining a cautious technical posture in the near term.\n\nPi Network Technical Indicators and Open Interest Metrics\nFutures market data suggests that speculative interest in Pi Network remains resilient despite recent price consolidation. Figures from CoinAnk reveal that PI futures Open Interest (OI) stood at $9.21 million on Friday, marking the third consecutive day that position sizing has held above the $9 million threshold. However, this reflects a mild cooling from Wednesday's OI peak of $9.69 million, indicating a slight easing in active perpetual contract valuations.\n\nTechnical oscillators on the daily timeframe show subtle signs of stabilizing momentum. The Relative Strength Index (RSI) currently registers at 46, shifting upward toward its 50 midline as immediate selling pressure abates. Concurrently, the Moving Average Convergence Divergence (MACD) indicator is sloping upward above its signal line in negative territory, reinforcing the potential for downside momentum to wane. Should bearish pressure reemerge, primary structural support remains anchored near the historical low of $0.0700.\n\nUS Senate Delays CLARITY Act Floor Vote Amid Geopolitical Backdrop\nBroader market sentiment across altcoins is feeling the impact of delayed regulatory decisions in Washington. The US Senate has deferred its planned floor vote on the crypto CLARITY Act to next month following the scheduled summer recess starting Monday. This postponement, combined with lingering geopolitical friction between the US and Iran, has fostered an environment of heightened risk sensitivity among market participants.\n\nOndo Experiences Downward Pressure as Retail Demand Eases\nThe legislative impasse in the Senate has weighed notably on Ondo. ONDO declined over 2% on Friday, extending a 4% drop recorded during the previous trading session. Retail appetite for the token has cooled alongside a drop in Open Interest and a shift into negative funding rates. The technical outlook for ONDO remains tilted to the downside as bearish momentum gains additional traction.\n\nBitcoin and Ethereum Maintain Key Support Levels\nDespite broader market headwinds, benchmark cryptocurrencies are showing structural resilience supported by institutional flows. Ethereum is hovering around $1,912, recording a steady tone above its previous session close of $1,902. Sustained Exchange Traded Fund (ETF) inflows and persistent token accumulation among large-scale ETH holders suggest underlying bullish building blocks. Live technical metrics place ETH within its 52-week range of $1,507 to $3,447, with short-term support anchored near its EMA20 at $1,878 and EMA50 at $1,856.\n\nMeanwhile, Bitcoin continues to hold ground firmly above $64,000. Upside momentum remains capped by the 50-day Exponential Moving Average positioned at $64,637, which acts as immediate overhead resistance.\n\nCardano and LayerZero Lead Selective Altcoin Rebound\nIn contrast to the broader altcoin consolidation, specific tokens demonstrated relative strength. Cardano and LayerZero retained gains from Thursday's bounce, outperforming top-tier altcoins over the 24-hour period. This performance underscores selective market interest even as traders monitor macroeconomic and regulatory developments.\n\nWhat this means for you\nFor Crypto Traders: Exercise caution in altcoin positioning as legislative delays in the US Senate and trendline resistance at $0.0910 maintain near-term volatility.\n\nFor Long-Term Investors: Steady Ethereum ETF inflows and whale accumulation indicate underlying institutional demand despite short-term legislative uncertainty.\n\nQuestions & Answers\n\n1. Why is the $0.0910 level critical for Pi Network?\nThe $0.0910 mark represents a descending technical trendline resistance that continues to cap short-term upside momentum for PI.\n\n2. What caused the decline in Ondo prices?\nOndo faced downward pressure following the US Senate's delay of the CLARITY Act vote along with falling Open Interest and negative funding rates.\n\n3. How are Ethereum and Bitcoin holding up?\nEthereum remains steady near $1,912 supported by ETF inflows, while Bitcoin trades above $64,000 facing resistance at its 50-day EMA of $64,637.\n\n4. Which altcoins outperformed during the trading session?\nCardano and LayerZero sustained momentum from previous rebounds, outperforming major altcoins over the 24-hour period.",
  "url": "https://trendkia.com/en/crypto/dijitala-eseta-bajara-men-anishchitata-ke-bicha-pi-network-0-0910-ke-pratirodha-para-ataka-ethereum-men-snsthagata-manga-jari-14746",
  "category": "Crypto",
  "publishedAt": "2026-08-07",
  "tags": [
    "Pi Network",
    "Ethereum",
    "Bitcoin",
    "Ondo",
    "Crypto Market",
    "Technical Analysis",
    "Clarity Act",
    "finance"
  ],
  "language": "en",
  "site": "TrendKia"
}