The cryptocurrency market has remained volatile this week, with Bitcoin hovering at $73,500 as the United States and Iran move closer to ending the conflict.
However, significant hurdles remain, making it difficult to focus on overall risks. Today, market-wide caution, network reliability concerns, token unlocking, and significant weekly declines have pushed SUI, ONDO, and Pi Network to the list of undervalued cryptocurrencies.
Sui price drops by 17% weekly after frequent network outages
The price of SUI fell 3.98% to $0.874 during the past 24 hours, bringing the weekly decline to 17%. The decline was caused by several network disruptions, raising new doubts about reliability, on May 28 and 29.
The Sui Network experienced a six-hour downtime period on May 29 due to a bug affecting the version 1.72 update.
The problem was stopping block production and shifting market sentiment to traders and holders. SUI fell to a loss of 6.6% as selling pressure mounted, heading towards $0.90.
Later, developers deployed fixes and enabled network activities. However, investors are now waiting for a full report on the incident for more clarity.
This latest outage is Sui’s second major outage this year that resulted from her promotion. Sentiment remains light at the moment as traders look at the $0.85 support level. A failure to bounce could leave $0.78 behind, while a bounce could take the SUI to $0.92.
Ondo price looks to recover after 20% weekly decline
Ondo price is one of the most undervalued cryptocurrencies to watch this week as it has rebounded in the market. ONDO’s price has seen its gains over the past 24 hours, rising by 4.12%, compared to a mostly lower price performance across the market. The transaction was made by rotating funds within tokens of real-world assets.
However, ONDO stock is still down 20% over the past week after recent selling pressure. The token is also enjoying mixed market momentum with a 30% gain over the past month.
Traders are now closely monitoring the $0.34 support level. A move to the $0.46 resistance level may be possible if the support level in this area is not broken. However, in the event of a breakdown, the $0.24 to $0.33 demand zone is likely to be retested.
Pi Network price faces test of 195 million tokens
The price of Pi Network has increased 1.60% to $0.147 over the past 24 hours, moving against Bitcoin’s 0.48% decline. The token is now gaining interest among the most undervalued cryptocurrencies to watch this week. If buyers defend the $0.145 support level, $0.15 could serve as a test of resistance.
OKX enhanced Pi’s reach in the US, upgraded its mainnet nodes to the v23 protocol and launched Pi App Studio features for creating AI-powered apps.
Meanwhile, CiDi Games’ user base has reached 81K and will unlock more than 200 million PIs in May.
🚀 PI Network – May 2026: A Month of Real Progress 🚀
Pi Network continued to build toward a true digital economy throughout May with significant developments across access, infrastructure, AI, gaming, and ecosystem growth.
✅ OKX has expanded Pi’s reach to millions of users in the US… pic.twitter.com/lztNvdLcgU
— Pi Community ᵖⁱ ⁿᵉᵗʷᵒʳᵏ (@pi_communityy) May 31, 2026
Traders are closely monitoring SUI, ONDO, and Pi Network, evaluating their support levels, potential token openings, and network updates, making them undervalued cryptocurrencies.
What’s next for undervalued cryptocurrencies?
Traders closely monitor SUI, ONDO and Pi Network, analyze support levels, token openings and network updates and consider them to be undervalued cryptocurrencies. However, the days ahead may depend on further gains in confidence – and even stronger demand and market stability.
