Most Undervalued Crypto Coins to Watch This Week: SUI, ONDO, and Pi Network

The crypto market stayed volatile this week, with Bitcoin hovering at $73,500 as the U.S. and Iran moved closer to ending the conflict. 

However, major obstacles remain, keeping macro risk in focus. Today, market-wide wariness, network reliability concerns, token unlocks, and substantial weekly drops have pushed SUI, ONDO, and Pi Network to the undervalued crypto coins list.

Sui Price Drops 17% Weekly After Repeated Network Disruptions

Sui price declined 3.98% to $0.874 in the last 24 hours, bringing the weekly drop to 17%. The drop was caused by several disruptions in the networks, raising new doubts over reliability, on May 28 and May 29. 

The Sui Network experienced a six-hour period of disruption on May 29 due to a bug that impacted its version 1.72 update. 

The problem was to stop the production of blocks and shift the market sentiment to traders and holders. SUI fell to a 6.6% loss as selling pressure mounted, heading toward $0.90.

Later, developers published fixes and enabled network activities. However, investors now await a full incident report for more clarity. 

This latest disruption is Sui’s second significant outage of the year that was caused by their upgrade. Sentiment for now is still light as traders look at the $0.85 support level. Failure to rebound could leave behind $0.78 while a rebound may lift up SUI to $0.92.

Ondo Price Eyes Recovery After 20% Weekly Decline

Ondo price is one of the most undervalued crypto coins to watch this week as it rebounded in the market. The price of ONDO has seen its gains over the last 24 hours, climbing 4.12%, compared to a mostly lower price performance across the market. The transaction was made with a rotation of funds within the Real World Assets tokens. 

However, ONDO remains down 20% over the past week after recent selling pressure. The token also has mixed market momentum with a 30% gain over the past month. 

Traders are now watching the $0.34 support level closely. A move to the $0.46 resistance level may be possible if the support level on this zone is not broken. But, if a breakdown, a retest of the demand zone at $0.24 to $0.33 is likely.

Pi Network Price Faces Test From 195M Token Unlock

Pi network price rose 1.60% to $0.147 in the past 24 hours, moving against Bitcoin’s 0.48% decline. The token is now gaining attention among the Most undervalued crypto coins to watch this week. If the buyers defend the $0.145 support level, then $0.15 may be a test of resistance. 

OKX enhanced Pi access in the U.S., and mainnet nodes were upgraded to Protocol v23 and Pi App Studio launched AI-powered app creation features.

Meanwhile, CiDi Games’ user base has reached 81K and will unlock more than 200 million PI in May.

Traders are closely watching SUI, ONDO, and Pi Network, assessing their support levels, potential token unlocks, and network updates, making them Undervalued Crypto Coins. 

What’s Next For Undervalued Crypto Coins?

Traders are closely watching SUI, ONDO, and Pi Network, analyzing support levels, token unlocks, and network updates and considering them undervalued crypto coins. However, the days to come may depend on further gains in confidence – and even stronger demand and market stability.