The cryptocurrency market remained mostly range-bound last week, with Bitcoin and other major digital assets showing limited movement as traders tracked global trade developments and rising tensions between U.S. President Donald Trump and Federal Reserve Chair Jerome Powell.
Despite the stagnation among blue-chip tokens, Artificial Intelligence coins like Bittensor, Render, and AI Companions stood out, posting strong double-digit gains. As the market eyes potential breakout opportunities, three tokens have emerged as the top cryptocurrencies to watch this week: Mantra (OM), Memecoin (MEME), and Pi Network (PI).
Mantra (OM): Caught in Controversy, Eyes on $0.50 Support
Mantra takes center stage this week after a steep decline that rattled investor confidence. The OM token has dropped dramatically from its year-to-date high of $9.50 to $0.5938—a fall that management attributes to mass liquidations from a major exchange.
However, blockchain intelligence firm Arkham suggested insider token sales were to blame. Mantra has denied these claims, instead committing to token buybacks and burns in an effort to stabilize the ecosystem.
Technically, OM is forming a bearish pennant pattern, signaling potential for continued downside. Traders are closely watching the $0.50 psychological support, as a break below that level could trigger further declines.
Memecoin (MEME): Bullish Momentum Faces Unlock Risk
Memecoin has recently shown signs of strength, climbing from $0.001388 to a monthly high of $0.002794. This rebound followed the formation of a falling wedge pattern, a commonly bullish technical setup. MEME has also pushed above its 50-day moving average, supporting the short-term uptrend.
Still, risks lie ahead. The project is preparing for a token unlock worth over $7.57 million, equivalent to nearly 8% of the circulating supply. Historically, such events can lead to price drops as supply increases and market dilution occurs.
If bearish sentiment returns, traders are watching $0.0018 the 50-period moving average as a key level of support.
Pi Network (PI): Supply Surge, Centralization Concerns Weigh on Price
Once a hyped project in the early days of mobile crypto mining, Pi Network continues to struggle. The token has slipped to $0.60, far from its $3 all-time high, and remains under pressure amid concerns about its growing supply and token distribution.
According to network data, over 1.58 billion PI tokens are expected to unlock over the next 12 months, averaging 131 million tokens per month—valued at more than $82 million monthly. This steady supply increase is applying significant downward pressure on the price.
Additionally, the tokenomics have raised red flags. While 65 billion tokens are allocated to the community, another 30 billion are held by the core team and foundation two groups that many view as a unified entity. This level of concentration is alarming to some investors, especially in a project that promotes decentralization.
Final Thoughts
While Bitcoin trades sideways, altcoins like Mantra, Memecoin, and Pi Network are drawing attention for their volatile price action and evolving fundamentals. From token unlock risks to insider sales allegations and centralization concerns, these projects are navigating both technical and narrative challenges.
Investors should remain cautious and informed as these coins could set the tone for broader altcoin sentiment in the weeks ahead.
