Will PI, OKB, GT & ATOM Outshine Bitcoin After Drop Below $80K

Bitcoin (BTC) quickly shocked the market when it fell below $80,000, which could mean more volatility is on the way. After showing signs of becoming less dependent on the stock market, the most essential coin is now at a turning point. Many people are still cautious because the economy is uncertain. Still, some altcoins, like Pi Network (PI), OKB, GateToken (GT), and Cosmos (ATOM), are showing minor signs of power. Could these tokens go against Bitcoin’s trend of going down and making their breakout?

1. Bitcoin Falls as Pressure Builds on Key Support Levels

Bulls are worried that Bitcoin won’t be able to break through its support line and keep going up. The amount of $80,000 is now a critical support area. Breaking it could create a chain reaction that brings the price down to $76,606 or even $73,777. The RSI is staying close to the middle point, and the 20-day EMA is becoming flatter. This means that the market is split. 

2. Pi Network (PI): Rebound 

PI decreased sharply following its high point in February at $3. However, a slight rise on April 5 suggests the price could recover. The 20-day EMA ($0.85) is acting as support right now. A strong move above this level could clear the way to $1.10 and $1.26, which are Fibonacci levels of retracement. 

3. OKB (OKB) — Inverted Head-and-Shoulders Pattern Signals Bullish Breakout

OKB’s latest rise above $54 shows it wants to go up. The token is fast approaching the falling channel’s resistance line. If sellers break through and stay above this level, the price could finish an inverted head-and-shoulders pattern that aims to rise to $70. 

4. GT and ATOM: Neutral Signals, Breakout Watch On

GateToken (GT) trades above the 50-day simple moving average ($22.05) but can’t move out of its current level. If it goes above $23.18, it could go to $26; if it goes below the 50-SMA, it could go down to $20. Cosmos (ATOM) is simultaneously trying to build a base around $4.15. 

Conclusion

Bitcoin’s slip below $80,000 raises serious questions about near-term crypto progress. However, altcoins like PI, OKB, GT, and ATOM are showing individual sparks of potential.