pSTAKE Finance (PSTAKE), a liquid staking protocol, has exploded in value, gaining over 117% in just 24 hours. The spike came as Bitcoin climbed back above $107,000, reigniting bullish momentum across the broader crypto market.
At its peak, pSTAKE touched $0.072 — a level last seen in December 2024 — before retracing slightly due to profit-taking. As of writing, the token is still up 64% on the day, trading around $0.060. The surge has brought renewed attention to Bitcoin-centric DeFi projects, with pSTAKE standing out as a clear beneficiary of the market rebound.
The rally coincides with a broader crypto market resurgence, especially Bitcoin’s move from $102,000 to $107,000 after a volatile week. As a protocol focused on Bitcoin yield through liquid staking, pSTAKE naturally followed BTC’s bullish trajectory. The market is currently seeing increased demand for Bitcoin-backed DeFi products — sometimes referred to as “BTCfi” — and pSTAKE is positioned at the center of that trend.
The project’s growing ecosystem and latest campaign, Season 13 staking on the Base network, have further fueled momentum. Launched on May 20, 2025, this initiative allows users to earn cbBTC rewards by staking PSTAKE tokens. According to the official post on X (formerly Twitter), “S13 has 0.0075 $cbBTC rewards with 8.5/12.5M max cap tokens staked.”
This dual catalyst of macro Bitcoin strength and protocol-level incentives has led to increased trading volume and investor interest in PSTAKE.
Despite the euphoria, some analysts warn that the current rally could be overheating. Technical indicators such as the Relative Strength Index (RSI) are flashing caution, with the RSI reaching an overbought level of 91 — well above the neutral 50 mark.
The MACD (Moving Average Convergence Divergence) also signals a potential slowdown. While the MACD line remains above the signal line — usually a bullish sign — the histogram is flattening, indicating fading bullish momentum. Traders are now watching closely to see if bears step in to force a short-term correction.
The price of PSTAKE now faces several key resistance and support levels. If bulls manage to maintain control, the token could soon retest the psychological level of $0.08, followed by $0.10, and potentially $0.20 if buying pressure intensifies. In the long term, ambitious targets point to $0.80 and even the all-time high of $1.25, last reached during the height of the 2021 bull market.
On the downside, support lies at $0.035 and $0.020 — both levels that served as baselines during earlier phases of accumulation. Any move below these could indicate a deeper correction, especially if Bitcoin’s rally stalls.
The current excitement around pSTAKE is part of a broader trend in which DeFi projects built around Bitcoin utility are gaining traction. Known as BTCfi, this sector aims to bridge the gap between Bitcoin’s store-of-value status and the yield-generating capabilities of decentralized finance.
With over $6 billion in BTC-related DeFi protocols now circulating, pSTAKE is well-positioned to ride this new wave. Its seamless integration with multiple blockchains and innovative features like cbBTC rewards are helping it carve out a niche in this growing space.
The 117% surge in pSTAKE Finance shows how quickly sentiment can shift in the crypto space. While the rally is impressive, the road ahead is uncertain. Overbought indicators suggest a pullback could be imminent — but if Bitcoin continues climbing and DeFi interest grows, pSTAKE may have more upside left.
Investors should monitor key resistance levels and broader market trends, especially around Bitcoin. As always in crypto, volatility is the only certainty.
Julie is a renowned crypto journalist with a passion for uncovering the latest trends in blockchain and cryptocurrency. With over a decade of experience, she has become a trusted voice in the industry, providing insightful analysis and in-depth reporting on groundbreaking developments. Julie's work has been featured in leading publications, solidifying her reputation as a leading expert in the field.
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