The crypto space right now is in the middle of an altcoin explosion, with PI, KAS and PNUT paving the way. Investors are understandably excited about these new digital assets as they continue to show a lot of bullish momentum. KAS is still targeting much higher price goals. PNUT continues to be extremely bullish. In this article, we’ll explore the technical analysis and potential future movements of these altcoins.

PI Network's Impressive Rally

PI is now trading at $1.26, reflecting an impressive 105% increase in value just in the last 12 days. This phenomenal rally has put PI front and center as the top dog in the entire altcoin landscape. Much of the surge can be attributed to speculation about an imminent announcement of a new major ecosystem.

Technical indicators indicate that PI is showing very bullish signs. Additionally, the altcoin is trading above the 50- and 100-day Exponential Moving Averages (EMAs) on the 12-hour chart. This is a very good sign and speaks volumes to the strength of this current uptrend. The 200-day EMA for PI is at the $0.10 level, and the 100-day EMA is at the $0.09 level.

The first clear resistance for PI is at 1.35$. Market analysts suggest that PI is well poised to overcome this resistance line, possibly sending its bullish movement to the next level at $1.80. The Relative Strength Index (RSI) technical indicator, which is at 79.64 right now, indicates that PI is getting close to overbought territory. The RSI indicator for PI reached an extreme level of 84.96 on Friday. The flip side here is that investors should be ready for at some point a pullback in the short term. The uptrend of PI may persist for a longer time than expected.

Kaspa (KAS) Targets $0.18

Kaspa (KAS) is showing bullish momentum, trading at $0.12, an increase of over 6% in the last 24 hours. Dogecoin price prediction Dogecoin cryptocurrency price prediction target of $0.18 shows increasing investor bullishness.

A breakout above the immediate resistance barrier at $0.14 could catalyze a KAS price rally of acute proportions. That’s why market analysts are keeping a close eye on KAS. Arguably, if it can get past this hurdle, it has the potential to unlock even greater gains.

The RSI indicator for PI is at 91.61, which indicates a potential short-term pullback or consolidation. PI is currently trading at $1.25.

Peanut (PNUT) Shows Bullish Strength

PNUT is still highly bullish on Monday, riding high on key moving averages. The altcoin is performing above the 50-day ($0.26) and the 100-day EMAs ($0.29), adding more credence to its bullish outlook.

Despite these fluctuations, analysts are staying bullish on PNUT’s long-term trajectory. They do foresee it retreating back toward the 100-day EMA at $0.29. This potential pullback could offer investors an opportunity to enter the market or increase their positions.