Last week's biggest fallers in Crypto Assets: PI, JTO, and KAIA lack buyer get on board strength, and the bearish Fluctuation is strong.

Last week, the market remained stable overall, and Bitcoin continued to hover above $109,500 today (7). However, as the rotation of memecoins became increasingly evident, more funds flowed into speculative tokens rather than projects with actual use cases. In the past week, the top three tokens with the largest gains were all memecoins, while Pi Network (PI), Jito (JTO), and KAI led the decline.

PI - A community utility Token, monthly price returns to the bottom

Due to the bears regaining dominance, the Pi coin has led the decline this week, with its value dropping nearly 15% from the opening price of $0.63.

It is worth noting that this fall occurred after last week's failed rebound, when PI surged 25% in just three days, reaching a two-month high of $0.60. However, the momentum quickly began to weaken.

Since its surge to $1.66 in mid-May, the PI coin has struggled to gain solid support. This week also marked the third consecutive month of lows, confirming the continuation of its downward trend.

Despite the significant price drop, the RSI has not yet entered the oversold territory, indicating that if buyers do not enter the market with sufficient strength soon, the risk of further decline still exists.

If the breakthrough level of $0.47 is not regained, it may open the door for a full retest of the $0.40 region, approaching the historical lows. If this happens, it will be a significant breakthrough, making next week a key week for the long-term price structure of PI.

(Source: Trading View)

JTO - Solana liquidity Token fails to break key resistance

Last week, JTO tested the resistance zone of $2.50 for the third time since June, but buyers failed to break through again, despite the absence of overbought signs.

The rejection at the top caused the JTO price to retreat below $2—this is a key psychological level that previously triggered the pump. This indicates that JTO may be caught in a negative price cycle.

If the price falls below $1.80, JTO will set the lowest closing price of the month, which may indicate a weak market structure.

However, if historical patterns repeat, returning to the $2.50 area is still possible—though turning this resistance into support will be a key issue that JTO faces in the future.

(Source: Trading View)

KAIA - Public blockchain erased two weeks of pump

KAIA closed down 11% last week, falling from an opening price of $0.17 to $0.15, becoming the stock with the third largest decline.

This adjustment comes after a 5.5% fall the previous week, wiping out all the gains of KAI when it rebounded parabolically to $0.21 in January.

At the beginning of last week, it fell slightly by 2.29%, but in the middle of the week it rebounded from the support level of $0.16, reigniting bullish expectations, and KAI rebounded by 6%.

However, this hope was soon crushed by a 6.72% sell-off in a single day, likely caused by liquidity cleansing, once again proving the control of the bears.

Due to sellers dominating and market sentiment weakening, KAI faces the risk of falling into a prolonged downtrend. If the momentum does not reverse quickly, all gains in June may be erased.

(Source: Trading View)