Key Cryptocurrencies to Monitor: Bonk, Aptos, and Pi Network Face Pivotal Week Amid Market Consolidation

The cryptocurrency market continues consolidating, with Bitcoin trading marginally below its all-time high. This week's spotlight turns to key industry catalysts – the Federal Reserve meeting minutes and former President Donald Trump's tariff deadline on July 9. Three digital assets demand particular attention: Solana's leading meme coin Bonk (BONK), layer-1 blockchain Aptos (APT), and Pi Network (PI).

Bonk maintains bullish momentum as Solana's top meme cryptocurrency, currently trading at May 23 peak levels after five consecutive rally days. Having surpassed the 23.6% Fibonacci Retracement level at $0.00002095, it now approaches the critical May 12 resistance at $0.000025. Technical indicators confirm strength – the asset trades above both 50-day and 100-day moving averages while RSI and MACD show sustained upward trajectories. Analysts eye the 50% retracement point at $0.00003453 as the next crucial level.

Aptos faces a $50 million token unlock this week, historically bearish events that typically increase circulating supply. The layer-1 token has declined steadily since November's $15.28 peak to $4.48 currently, forming a descending channel below key EMAs. With MACD below zero and RSI under the 50-neutral mark, Aptos may test its year-to-date low of $3.82.

Pi Network stabilizes at a make-or-break $0.46 support level – June's and April's lowest point. The token's recent decline coincides with a Bollinger Band squeeze, suggesting potential volatility. Maintaining this support could trigger a rebound toward the $1 resistance zone, while a breakdown might extend losses.

Market participants await these developments as Bitcoin's performance continues influencing broader crypto sentiment.