pSTAKE Finance price spiked 117% in 24 hours as Bitcoin hit $107k. The Bitcoin finance liquid staking token looks poised for a potential pullback. If bulls hold onto gains, a breakout above $0.08 could bring major levels into play.

pSTAKE Finance price soared by more than 117% as Bitcoin surged to above $107,000 and on the cusp of a new all-time high.

The liquid staking protocol’s native token skyrocketed by 117% to hit highs of $0.072. It’s a peak last seen in December 2024.

As the altcoin captured the attention of traders, profit-taking deals ate into the upside action.

PSTAKE traded around $0.060, up more than 64% in the past 24 hours.

pSTAKE Finance’s 117% surge coincided with Bitcoin’s climb to $107k, a rebound that came after bears pulled prices to near $102k amid a volatile start to the week.

This uptick for BTC meant several coins linked to the crypto king rose.

As a leading Bitcoin yield and liquid staking protocol, pSTAKE mirrored Bitcoin’s momentum.

Heightened interest in investment products underpinned by BTC could be the reason the Bitcoin-focused DeFi (BTCfi) platform pSTAKE Finance rallied.

The protocol’s ability to allow users to stake Bitcoin while maintaining liquidity aligns perfectly with the current BTCfi narrative, amplified by Bitcoin’s bullish momentum.

Additionally, pSTAKE’s integration with top blockchain networks has helped drive growth.

Most recently, the protocol has rolled out PSTAKE staking Season 13, which went live on Base on May 20, 2025.

“S13 has 0.0075 $cbBTC rewards with 8.5/12.5M max cap tokens staked,” pSTAKE posted on X.“Stake and participate in protocol community activities to get $cbBTC rewards.”

Sentiment is mostly bullish for PSTAKE. However, technical indicators and market dynamics may dictate overall direction.

The Relative Strength Index (RSI) stands at 91, indicating overbought conditions. It means a potential short-term price correction.

Also, the Moving Average Convergence Divergence (MACD) indicator supports this.

But while the MACD line remains above the signal line, bears breaking lower amid selling will be worth attention.

Given the overall market outlook, particularly with BTC rising, pSTAKE could test resistance at $0.10 and likely $0.2.

If it breaks this level, the next target will be $0.8 and the all-time peak of $1.25. DeFi adoption amid Bitcoin demand will be a key catalyst.

However, as the overbought RSI levels suggest, profit taking could accelerate a pullback.

Key support levels will be around $0.035 and $0.020.

The post pSTAKE Finance explodes 117% as Bitcoin rebounds to $107k appeared first on CoinJournal.

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